2009-11-11 14:14:06 -
TORONTO, ONTARIO -- (Marketwire) -- 11/11/09 -- Tribute Minerals Inc. (the "Company" or "Tribute") (TSX VENTURE: TBM) is pleased to announce further progress on its fall exploration program of the Sunday Anomaly VTEM targets located in the "Ring of Fire" property package of the James Bay Lowlands. The targets are hosted within the Tribute Minerals wholly owned South Bend Property located 30 km east southeast of the First Nation community of Webequie and 40 kilometres west of Noront's Eagle Nest Ni-Cu-PGE Deposit. The seventh and last drill hole (SB-09-07) has been completed for the program. The hole intersected additional encouraging sections of sulphide mineralization associated with ultramafic rocks.
Drillhole SB-09-07 was drilled due north at -50 degrees dip and collared 100 metres west of hole SB-09-06. Significant down-hole sulphide intersections identified in the core are as follows:
- 99.4-100.9 metres 25-30% semi-massive pods and bands
- 103.7-104.3 metres 15-20% pods and bands
- 104.6-105.2 metres 30-35% semi-massive pods and bands
- 108.0-108.2 metres massive sulphide
- 109.4-111.0 metres 20-25% pods and bands
- 114.0-114.6 metres 5-10% disseminated and blebby sulphide
Due to the mostly widely-spaced nature of the drilling pattern and lack of previous work in the area, no estimation can be made at this time of the true widths of the intersections. Core samples have been obtained and delivered to an accredited laboratory for assay for base, ferrous and precious metals in accordance with National Instrument 43-101 regulations and best practices guidelines.
In additional to the drilling, a second Crone Pulse EM Borehole survey is to be undertaken shortly on drill holes SB-09-05, 06 and 07 with the purpose of pinpointing the targets for follow-up testing.
The preliminary results of this program remain highly encouraging and support evidence that the Sunday Anomaly occurs in a setting of sulphide mineralization and host rocks consistent with the possible proximity of magmatic type Ni-Cu-PGE deposits. The sulphidic zones remain open to the east, west and at depth especially in the vicinity of holes SB-09-05 to 07.
The technical information in this press release was reviewed and approved by Trevor Boyd, P. Geo., a qualified person (QP) for the purposes of NI 43-101.
Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Tribute Minerals Inc.
Ian Brodie-Brown
President and C.E.O.
(416) 368-2929
(416) 601-1450 (FAX)
info@tributeminerals.com :
www.tributeminerals.com :
