26 March 2014
Tamerlane Ventures Inc. (the “Company”) (TSX-V: TAM) is pleased to announce that it has received an updated National Instrument 43-101 Summary Technical Report (“Technical Report”) for its Pine Point Project in the Northwest Territories, Canada.
The Technical Report provides for a 12 year mine life. Using metal prices of US$0.95 zinc and US$1.00 lead, the Pine Point Project has a net present value of C$111,680,545 and an internal rate of return of 35%.
The Reserves summarized in the Technical Report are presented in the table below: