Tamerlane completes feasibility study at Pine Point
Tuesday, August 28th, 2007
Tamerlane Ventures Inc. has received positive results of its bankable feasibility study for the Pine Point project, located in Canada’s Northwest Territories. The feasibility study and scoping study were completed by Tamerlane’s staff of engineers and geologists, and the feasibility study was reviewed by the third party consultant Chlumsky, Armbrust & Meyer. Steve Milne, PEng, was the independent qualified person for the mining section review by CAM. The study results show the Pine Point project is feasible and will provide exceptional returns by industry standards.
The feasibility study covers all aspects of infrastructure development, mining and processing. As outlined in the feasibility study, Tamerlane will focus first on the R-190 deposit, which will use a freeze perimeter and other proven technologies for underground mining operations. The company will then use this infrastructure to access a series of nearby deposits that have been upgraded to the indicated resource category. The indicated resources currently total 10.9 million tonnes. In the future, Tamerlane intends to use historical data, including the results of extensive drilling and operating data, in addition to further infill drilling to verify the historical reserves as current reserves and convert the remaining 50 million tonnes of historical resources to reserves, if feasible.
For further information visit: http://www.tamerlaneventures.com/