TBM.V looking good- I am long- they are hitting big zinc values up there-
TORONTO, ONTARIO--(CCNMatthews - Jan. 11, 2005) - Tribute Minerals Inc. (TSX VENTURE:TBM - News) is pleased to report the results of the first two holes (GL-2004-08 and GL-2004-09, 658 metres) of its 3000 metre diamond drilling program on the Garnet Lake Property in the Confederation Lake Belt, Red Lake Mining Division, Ontario. These holes were targeted based on previous drilling and both down-hole and surface geophysics. The drill program recommences immediately.
The first hole (GL-2004-08) encountered the Arrow Zone approximately 50 metres up-dip and 40 metres along strike to the east from the previous hole GL-97-12 (6.9 metres at 2.63% Zn, 1.14% Cu, 0.75 g/t Au and 10.43 g/t Ag). GL-2004-08 intersected from 307.1 - 335.2 metres a zone of mixed stringer, semi-massive and massive sulphides hosted in altered felsic and cherty tuffs. Within this zone a 10.2 metre section assayed 8.50% Zn, 0.95% Cu, 1.00 g/t Au and 24.89 g/t Ag including a 5.8 metre section which assayed 13.89% Zn, 1.11% Cu, 1.13 g/t and Au 37.4 g/t Ag. The results are comparable to the highest grades achieved to date in the Arrow Zone from previous holes GL-97-2C (19.1% Zn, 2.2% Cu, 1.6 g/t Au and 35.1 g/t Ag over 6.3 metres) and GL-2004-04 (17.41% Zn, 0.68% Cu, 0.32 g/t Au and 28.00 g/t Ag over 4.25 metres).
The second hole (GL-2004-09) cut the Arrow Zone approximately 110 metres up-dip from GL-97-12 and intersected from 256.5 - 272 metres a zone of stringer and semi-massive sulphides. Reported analyses to date are 8.5 metres of 4.10% Zn, 0.42% Cu, 0.34 g/t Au, and 11.85 g/t Ag including 4.0 metres of 5.77 Zn, 0.25% Cu, 0.16% Au, and 16.61 g/t Ag. |
