| | Published : February 07th, 2008 | Reports Continued Stepout Drilling Results |
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February 7, 2008
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Tyler Reports Continued Stepout Drilling Results, Highlights Significant
Additional Tonnage Potential at Bahuerachi
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CALGARY, ALBERTA--(Marketwire - Feb. 7, 2008) - Tyler Resources Inc. (TSX VENTURE:TYS) ("Tyler" or the "Company") today announced assay results from seven additional drill holes at the Main Zone of its 100% owned Bahuerachi project in Mexico.
New Step Out Holes Continue to Expand Bahuerachi Deposit to the West
Three additional drill holes, significant results of which are tabulated in this release, are from Tyler's ongoing drilling program at Bahuerachi and were completed before the Christmas break. All holes continued to extend mineralization at depth and to the west in the northern half of the deposit. Assay results for these drill holes have been included in the currently ongoing resource estimate recalculation, results of which are expected shortly and will be released as they are received.
In addition, 4 reverse circulation (RC) drill holes were drilled on the south eastern portion of the Main Deposit, in an area known as Mina Mexicana. Significant high grade mineralization was recognized at surface in this area, but previous drilling in 2005 had failed to intersect the high grade skarn at depth. After reinterpreting available geological information from this area, 4 RC holes were drilled to test for the high grade target which was intersected, opening the area for further expansion and delineation of additional near-surface high grade resources.
Significant results for these drill holes are presented in the following table and discussed below. Drill hole collar locations are shown on the attached drill plan map: http://www.ccnmatthews.com/docs/0207tys_map.pdf.
Significant Intervals, Main Zone
From To Interval Copper Gold Silver Moly Zinc
Hole # (m) (m) (m) (%) (g/t) (g/t) (%) (%) Rock Type
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DDH 131 243.10 450.0 129.6 (1) 0.36 0.04 3.14 0.005 trace Sediments/
Limestone/
Skarn/
porphyry
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DDH 132 399.20 523.0 123.8 0.41 0.03 4.04 0.01 0.12 Sediments/
Skarn/
Porphyry
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DDH 133 57.0 192.0 80.4 (2) 0.58 0.07 6.72 0.01 trace Sediments/
Skarn
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(1) Excluding 77.3 meters of unmineralized dykes.
(2) Excluding 54.6 meters of unmineralized dykes.
Note: Due to drilling directions, dykes are estimated to be exaggerated
by 30-50%. Mineralized intervals are interpreted true width.
Significant Intervals, Main Zone East (Mina Mexicana)
Hole # From To Interval Copper Gold Silver Moly Zinc
(m) (m) (m) (%) (g/t) (g/t) (%) (%) Rock Type
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RC-104 4.56 110.96 106.4 0.65 0.04 5.59 0.005 0.14 Sediments/
Skarn/
Porphyry
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including 28.88 66.88 38.0 1.08 0.08 8.72 0.006 0.31 Skarn/
Sediments/
Porphyry
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And 91.20 107.92 16.72 1.02 0.06 7.95 0.008 trace Porphyry/
Skarn
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RC-105 15.20 68.4 53.2 0.46 0.02 4.21 0.006 trace Sediments/
Skarn/
Porphyry
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And 106.4 118.56 12.16 0.45 0.04 3.18 trace 0.20 Sediments/
Dyke
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RC-106 0 41.04 41.04 0.37 0.03 3.28 trace 0.12 Sediment/
Skarn/
Porphyry
----------------------------------------------------------------------------
----------------------------------------------------------------------------
RC-107 0 22.80 22.80 0.57 0.05 4.27 0.004 0.21 Skarn/
Porphyry
---------------------------------------------------------------------------- Drilling is currently ongoing with three rigs on site, and targeting further resource expansion as well as testing regional targets, conducting condemnation drilling for infrastructure development and drilling for metallurgical samples. Samples continue to be routinely sent to the laboratory for analyses and results will be reported upon receipt and analysis. Work on the project's Main Zone third resource recalculation is ongoing and is expected to be completed shortly.
All assay work was performed by ICP at ALS-Chemex labs of Vancouver, with gold done using standard fire assay methods. All samples sent to the lab are sealed with security tags for delivery to ALS-Chemex. Duplicate samples as well as standards and blanks are inserted in each batch of samples delivered to the laboratory and then checked to ensure proper quality assurance and quality control (QA/QC).
The Qualified Person responsible for the design and implementation of the Field Program as well as the preparation of this news release was J. P. Jutras, P.Geol., Director, President and CEO of the Company. The work program is being carried out with the participation of Dr. Shane William Ebert, Ph.D, P.Geo, Vice President and Director, Grant Couture, M.Sc Geology, Paul Turnbull, B.Sc, P.Geol, Cornell McDowell, B.Sc Geology, and Charla Boyer, B.Sc Geology, consultants to the Company.
About Tyler Resources
Tyler Resources Inc. is a well-funded Canadian junior exploration company focused on base and precious metals exploration in Mexico. Tyler's primary project is the Bahuerachi property, which hosts Mexico's fourth largest mineralized porphyry deposit. As part of its ongoing drill program, the Company has now drilled in excess of 55,000 meters of combined Diamond and reverse circulation drilling since 2004, making it one of the most active Canadian junior exploration companies operating in Mexico. For more information, visit www.tylerresources.com.
Reader Advisory - Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates", will and similar expressions, are forward-looking information that represents management of Tyler's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Tyler. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Tyler's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Tyler's filings with the Canadian securities authorities. Accordingly, holders of Tyler shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Tyler disclaims any responsibility to update these forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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CONTACT INFORMATION:
Corporate Contacts Tyler Resources Inc. Jean Pierre Jutras, President/CEO/Director (403) 269-6753 or Toll Free: 1-888-237-7898 Fax: (403) 266-2606 Website: www.tylerresources.com
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INDUSTRY: Manufacturing and Production - Mining and Metals
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Data and Statistics for these countries : Mexico | All Gold and Silver Prices for these countries : Mexico | All
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Tyler Resources Inc
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EXPLORATION STAGE |
CODE : TYS.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Tyler Resources is a exploration company based in Canada. Tyler Resources holds various exploration projects in Canada and in Mexico. Its main exploration properties are CARAT PROPERTY, WEEDY LAKE, KELSEY (ICE CLAIMS) and KELSEY in Canada and BAHUERACHI in Mexico. Tyler Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 179.4 millions as of today (US$ 174.9 millions, € 113.9 millions). Its stock quote reached its lowest recent point on June 27, 2003 at CA$ 0.03, and its highest recent level on January 28, 2005 at CA$ 2.18. Tyler Resources has 113 513 378 shares outstanding. |
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