The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
TAM: TSX-V
Executive Chairman: Margaret M. Kent, B.Sc., M.Sc.
President: Ross F. Burns B.Sc., P.Geo, LG
CEO: Michael (Mike) Willett, P.Eng
Formed in 2000, Tamerlane Ventures Inc. is focused on putting the most profitable zinc-lead property in Canadian history back into production and developing a dump leach copper project in Peru.
The junior plans to become a producer of lead-zinc concentrates from its Pine Point Project in Northwest Territories, which hosts an NI 43-101-compliant estimate of 10.9 million metric tons of measured and indicated lead-zinc resources in conjunction with a positive feasibility study of 1 million proven and probable metric tons of the base metals in the R-190 deposit at the Pine Point property.
The Pine Point Project will first mine the R-190 deposit, which has estimated reserves exceeding 1 million metric tons at a grade of 11.16 percent zinc and 5.49 percent lead.
This deposit will be mined using freeze perimeter and other proven technologies for underground mining operations.
Tamerlane will then use the infrastructure to access a series of nearby deposits currently being explored.
The junior confirmed four deposits in 2008 through the drilling of 19 holes for a total length of 2,440 meters.
The drilling program was stopped prematurely because the company needed to conserve cash during the world credit crisis.
In a mid-2010 regulatory report, Tamerlane said it recently drilled off the N-204 deposit which has the potential to be a large open-pit, low-grade zinc mine on the property, and an initial response estimation and updated feasibility study on the current reserves should be completed by the fourth quarter of 2010.
Tamerlane also noted that Margaret "Peggy" Kent has joined the company as executive chairman with the intention of employing her considerable experience and creative ability to procure a project financing package accretive to the shareholders.
Cash and short-term deposits: C$902,956 (at June 30, 2010)
Working capital: C$416,712 (at June 30, 2010)
Market capitalization: C$12.546 million (Sept. 6, 2010)
441 Peace Portal Dr. Blaine, WA 98320
Tel: 877-284-6535; 360-332-4653 Fax: 360-332-4652
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