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Tamerlane Ventures Inc (TAM:CA)
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Web site:
http://www.tamerlaneventures.com/
Tamerlane Ventures Inc. is an exploration and development mining company with advanced base metal development projects in Canada and Peru. The Company is working towards bringing the world-class zinc-lead Pine Point Property back into production in Northwest Territories, Canada, and developing its Los Pinos heap leach copper project in Peru.
The Company’s primary focus is the Pine Point Project, which consists of the Pine Point Mine, which was the largest and most profitable base metal mine in Canadian history. Tamerlane controls this project plus a large contiguous property to the west originally explored by Westmin Resources.
Updated Feasibility Study and National Instrument 43-101 Mineral Resource Report Completed
Tamerlane recently announced its updated feasibility study and NI 43-101 Reserve Report. reserve report for the Pine Point Project. The current mineral inventory for the project is as follows:
Proven & Probable Reserves: 7.8 million tonnes (6.16% Zn, 3.01% Pb)
Measured & Indicated Resources: 8.0 million tonnes (2.26% Zn, 1.13% Pb)
Inferred Resources: 4.1 million tonnes (2.36% Zn, 0.82% Pb)
Pine Point
The historic Pine Point Mine was the largest and most profitable zinc-lead mine in Canadian history. Located on the south side of the Great Slave Lake 129 kilometers (80 miles) south of Yellowknife and 80 kilometers (50 miles) east of Hay River, the historic Pine Point Mine extracted over 64,259,570 tonnes of ore at a grade of 7.0% zinc and 3.1% lead between 1964 and 1987.
Tamerlane controls a total of 175 km2, including both the historic Pine Point Mine property as well as a contiguous property to the west originally explored by Westmin Resources (Westmin). The property includes a large unmined resource left behind following the Pine Point Mine’s closure in 1987, as well as historical exploration work conducted by the mine’s previous operators. The property contains 35 known potentially mineable deposits. The R190 deposit is the initial focus of Tamerlane’s Pine Point Project.
The Pine Point Project will first develop and mine the R190 deposit which contains reserves of 1,000,027 tonnes at a grade of 11.16% zinc and 5.49% lead
The deposit will be mined utilizing a freeze perimeter and other proven technologies for underground mining operations;
Tamerlane will then use the infrastructure to access a series of nearby deposits that were the subject of the recently announced feasibility study.
Los Pinos
The Los Pinos copper deposit is located in the Coastal Cordillera of southern Peru. The concessions include: Los Pinos No. 1 (area of 600 hectares), Los Pinos No. 6 (area of 90 hectares) and El Pino (area of 100 hectares).
TAM:CA
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