July 24, 2006
EARLY RESULTS OF SUMMER DRILL PROGRAM ARROW ZONE GARNET LAKE PROPERTY – 8.74 METRES OF 8.24% ZINC (T.W.) INCL. 3.42 METRES OF 14.9% ZINC (T.W.)
TSXV Symbol: TBMTribute Minerals Inc. (the ‘Company' or ‘Tribute') is pleased to announce the first results from its 2006 summer drill program on the Garnet Lake Property, Confederation Lake Belt, Northwestern Ontario.
The most exciting values are from drill-hole GL-2006-26 collared 30 metres east of GL-2004-08 and testing the continuation of the Arrow Zone in the up-plunge direction. The hole intersected two zones of massive, semi-massive and stringer iron and zinc sulphides returning values from 290.5-302 metres down-hole of 11.5 metres (8.74 metres true width) grading 8.24% Zn, 0.25% Cu, 0.24 g/t Au, 30.1 g/t Ag and 10.7 g/t In; and from 320.5-323 metres down-hole of 2.5 metres (1.9 metres true width) grading 13.2% Zn, 0.76% Cu, 2.58 g/t Au, 55.0 g/t Ag and 29.6 g/t In. The upper zone includes a 4.5 metres intersection (3.42 metres true width) grading 14.9% Zn, 0.35% Cu, 0.27 g/t Au, 47.8 g/t Ag and 21 g/t In.
The lower zone values are subject to up-ward revision as one sample contained greater than 30% Zn and another contained greater than10 g/t Au. Both are to be further analyzed. The zones are hosted in a 72 metres wide down-hole package of highly altered and sulphidic volcanic rocks.
Drill-hole GL-2006-25, (275 metres west of GL-2006-26), collared 60 metres east of GL-2006-20 and 50 metres west of GL-97-7, intersected a 95 metres wide section of highly altered rocks enveloping a zone from 465.5-482.8 metres down-hole of 17.2 metres (14.9 metres true width) grading 1.88% Zn, 0.14% Cu, 0.11 g/t Au, 8.02 g/t Ag, and 3.63 g/t In including a 3.5 metres (3.09 metres true width) grading 4.14% Zn, 0.21% Cu, 0.37 g/t Au, 18.7 g/t Ag and 7.24 g/t In, with a higher grade section of 1.5 metres (1.3 metres true width) grading 8.72% Zn, 0.36% Cu, 0.78 g/t Au, 38.5 g/t Ag and 15.5 g/t In.
Drill-hole GL-2006-25 has intersected to-date the widest section of significant polymetallic mineralization on the property, and the results from GL-2006-26, targeted based upon geological re-interpretation, shows the Arrow zone extends eastward up-plunge in a direction originally thought to be closed off. Results are pending from on-going drilling east of GL-2006-26.
Core samples were split in half using a diamond saw and sealed in secure packages, shipped by bonded carrier from Red Lake to ALS Chemex in Thunder Bay for preparation, and to ALS Chemex in North Vancouver for AU-AA62 assay (gold by fire assay with AA finish) and ME-MS61 47 element analysis (4 acid dissolution and ICP-MS). High analyses (>10,000 ppm, 1%) for copper, zinc and (>100 ppm) silver were submitted for ore grade AA62 analysis (4 acid dissolution with AA finish). A duplicate unknown to the laboratory is submitted for analyses per batch of ten samples. ALS Chemex fulfilled standard QA/QC protocols. The Confederation Lake exploration program is under the direction of Trevor Boyd, P.Geo, Geological Consultant, Tribute, and a qualified person (QP) for the purposes of NI 43-101.
On behalf of the Board of Directors,
Ian A. Brodie-Brown, President.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tribute Minerals Inc.
Ian Brodie-Brown
President and C.E.O.
(416) 368-2929
(416) 601-1450 (FAX)
info@tributeminerals.com
www.tributeminerals.com
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release.
