November 11, 2009
RING OF FIRE Exploration Update
Tribute Minerals Inc. (the “Company” or “Tribute”) (TSX-V: TBM) is pleased to announce further progress on its fall exploration program of the Sunday Anomaly VTEM targets located in the “Ring of Fire” property package of the James Bay Lowlands. The targets are hosted within the Tribute Minerals wholly owned South Bend Property located 30 km east southeast of the First Nation community of Webequie and 40 kilometres west of Noront’s Eagle Nest Ni-Cu-PGE Deposit. The seventh and last drill hole (SB-09-07) has been completed for the program. The hole intersected additional encouraging sections of sulphide mineralization associated with ultramafic rocks.
Drillhole SB-09-07 was drilled due north at –50 degrees dip and collared 100 metres west of hole SB-09-06. Significant down-hole sulphide intersections identified in the core are as follows:
- 99.4-100.9 metres 25-30% semi-massive pods and bands
- 103.7-104.3 metres 15-20% pods and bands
- 104.6-105.2 metres 30-35% semi-massive pods and bands
- 108.0-108.2 metres massive sulphide
- 109.4-111.0 metres 20-25% pods and bands
- 114.0-114.6 metres 5-10% disseminated and blebby sulphide
Due to the mostly widely-spaced nature of the drilling pattern and lack of previous work in the area, no estimation can be made at this time of the true widths of the intersections. Core samples have been obtained and delivered to an accredited laboratory for assay for base, ferrous and precious metals in accordance with National Instrument 43-101 regulations and best practices guidelines.
In additional to the drilling, a second Crone Pulse EM Borehole survey is to be undertaken shortly on drill holes SB-09-05, 06 and 07 with the purpose of pinpointing the targets for follow-up testing.
The preliminary results of this program remain highly encouraging and support evidence that the Sunday Anomaly occurs in a setting of sulphide mineralization and host rocks consistent with the possible proximity of magmatic type Ni-Cu-PGE deposits. The sulphidic zones remain open to the east, west and at depth especially in the vicinity of holes SB-09-05 to 07.
The technical information in this press release was reviewed and approved by Trevor Boyd, P. Geo., a qualified person (QP) for the purposes of NI 43-101.
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
Goldeye
Explorations Limited
BlaineWebster
President and C.E.O.
(905) 886-2538 or (905) 731-9367
(905) 886-8210
goldeye@goldeye.ca
www.goldeye.ca
The TSX Venture Exchange has neither approved nor disapproved of the contents of this
release.
