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Tyler Resources Inc. Website: Click Here


Exchange: TSX Venture

Market Cap: 38 Million

Outstanding Shares: 90.4 Million

52 Week Low / High: $0.335 / $1.47

Price November 21, 2006: $0.42

TYS Recent Stock Quote and News: Click Here

Information As Of November 21, 2006

'The Bahuerachi project has advanced considerably over the last two years, and is one of the most significant near surface, bulk tonnage type targets to have evolved in Mexico during this time. '


Overview

Tyler Resources is a Canadian Junior Exploration Company carrying out one of the largest drilling programs in Mexico for 2006 with a total of 35,000 planned meters of combined core and reverse circulation drilling at its Bahuerachi project.

Evaluation of the already identified Main Zone porphyry copper, silver, gold and molybdenum complex is rapidly advancing, and additional work on outlying targets including gold-silver showings and silver-lead-zinc occurrences around the porphyry complex aims at demonstrating open world-class porphyry district potential at Bahuerachi.


Investment Highlights
  • Since 2004, Tyler’s team discovered and outlined Mexico’s 4th largest mineralized porphyry Deposit.
  • 5 identified porphyry/skarn copper (Au, Ag, Mo, Zn) systems at the Bahuerachi Project.
  • Tyler Resources Inc. announced that it has completed the sale of its 50.1% interest in the Weedy Lake property in Saskatchewan to Golden Band Resources Inc.
  • Mexican belt significantly under-explored compared with Southwestern US.
  • As a result of surface geological work by new management starting in 2001, and an initial phase of diamond drilling in 2004, the Project's Main Zone was recognized as a potentially world-class mineralized porphyry complex, outlined at surface over 4,000 meters of strike length with widths varying between 200 to in excess of 700 meters.
     

Property

Bahuerachi Project, Mexico

The Bahuerachi Project located in Chihuahua State, Mexico, has been explored intermittently by Tyler Resources Inc. since 1993 when it was first acquired as a potential heap-leachable near-surface copper oxide deposit. As a result of recent work, the Project's Main Zone is now recognized as a potentially world class mineralized porphyry complex, outlined at surface over 4,000 meters of strike length with widths varying between 200 to in excess of 700 meters.

Three related but distinct domains of mineralization have now been recognized within the area described as the main porphyry complex. The first domain consists of low grade, copper mineralization in an enriched oxide blanket within the volcanic and sedimentary rocks hosting the main intrusive complex. The second style of mineralization consists of extensive, high grade breccia and skarn complexes that occur within and on the edges of the main porphyry. The last target consists of the low grade, stockworked and mineralized intrusive porphyry itself.

Tyler's exploration philosophy will be to follow up and build on its Phase 1, spring 2004 drilling successes. The coming drill program in the fall of 2004 will focus on extending the better understood high grade breccias, skarn zones and mineralized sediments. Both the mineralized sediments and the high grade zones are known over a sufficient extent that with continued drilling success, each domain could deliver a significant "stand-alone" contained copper resource.

While drilling extends and confirms the geometry and grade of the mineralized sediments and high grade breccia zones, further surface work, consisting predominantly of mechanized trenching, mapping and sampling, will be conducted on the main porphyry body in order to prioritize higher grade areas of the porphyry for drill testing.

Carat and Kelsey properties, Lac De Gras Diamond Exploration

Both the Carat and Kelsey properties were the subject of an option to purchase agreement with Majescor Resources Inc. for $300,000, 300,000 Majescor common shares and 200,000 warrants over a two year period. Tyler also retains an approximate 8% net profits interest in the properties.
 

Carat Property:
 

Tyler Resources Inc. - 30%
Diamondex Resources Ltd. (Operator) - 70%

During the 2001 field season, Diamondex conducted ground geophysical surveys over 28 anomalies and diamond drilled 10 of these targets. One drill test resulted in the discovery of the new kimberlite, CT-55. The new kimberlite has been tested with 9 diamond drill holes. Caustic fusion results from processing of 242 kg. of crater facies kimberlite yielded 2 microdiamonds, confirming the diamondiferous nature of the intrusion.

Kelsey Property:
 

Tyler Resources Inc.- 30%
Diamondex Resources Ltd. (Operator) - 60%

Diamondex conducted 15 ground geophysical surveys and collected 159 regional till samples. Two anomalies were drill tested in 2001 but no kimberlite was intersected.


Geology Overview for Bahuerachi Project

  • Regional geology of Cretaceous volcano sedimentary sequence, intruded by large polyphase intrusive complex including mineralized porphyry intrusions
  • Large low-grade mineralized system with numerous surrounding high grade zones:
    • Copper-moly-silver-gold porphyry
    • High grade copper-zinc-silver-gold skarn and local massive sulphide replacemen
    • Near surface oxide copper and chacocite blanket
  • Calc-Alkaline porphyry system of Laramide age, mineralization associated with strong dominantly potassic alteration - similar to known SW US and Northern Mexico porphyry deposits
  • Numerous smaller gold, silver, lead and zinc occurrences regionally located around porphyry center periphery

Recent News and Press Releases

Tyler Resources Files Independent Resource Estimate Report Confirming the Discovery of a Solid Deposit at Bahuerachi and Mexico's 4th Largest Mineralized Copper Porphyry System (Fri, Nov 17)

Tyson Misses Q4 Expectations (Mon, Nov 13)

Tyler Finalizes 100% Ownership and Control of Bahuerachi Property and Bahuerachi Deposit (Fri, Oct 27)

Tyler Expands Bahuerachi Deposit With 59.15 Meters Grading 0.59% Copper, 9.2 G/T Silver and 0.87% Zinc, Including 16.8 Meters Grading 1.0% Copper, 15.4 G/T Silver and 2.37% Zinc at Bahuerachi (Tue, Oct 17)

Tyler Resources Initial Independent Resource Estimate Confirms Solid Deposit at Bahuerachi and Mexico's 4th Largest Mineralized Porphyry System as Continued Exploration Expands Resource Area (Tue, Sep 26)

Tyler Resources Initial Independent Resource Estimate Confirms Solid Deposit at Bahuerachi and Mexico's 4th Largest Mineralized Porphyry System as Continued Exploration Expands Resource Area (Mon, Sep 25)

Tyler Announces Further Main Zone and North Porphyry Drill Results, Including 48.2 Meters Grading 0.94% Copper, 11 G/T Silver and 0.27% Zinc at Bahuerachi (Thu, Sep 14)

Tyler Resources Extends Core Drilling Contract and Provides Update on Resource Estimate Study Progress for the Bahuerachi Project, Mexico (Thu, Aug 31)

Tyler Announces Completion of the Sale of Its Weedy Lake Property Interest for $1,000,000 CDN and Warrants (Wed, Aug 30)

 
 
 

 
Management Team

Mr. Jean Pierre Jutras, P. Geol., President and Chief Executive Officer - top -
Mr. Jutras is the President, Chief Executive Officer and a director of Tyler Resources Inc. Mr. Jutras is also the vice president and director of Manson Creek Resources Ltd. (TSX-MCK) and a vice president and a director of Northern Abitibi Mining Corp. (TSX-NAI). Mr. Jutras is an experienced professional in the exploration industry and has worked in over 10 countries on three continents in his 14 years of consulting exploration work with numerous public companies, including Placer Dome, Prism Resources and Golden Star Resources.


Dr. Shane Ebert, Ph.D., Vice President Exploration and Director - top -
Dr. Ebert has been a director of the Company since January 26, 2004 and actively consults with Tyler on the Bahuerachi property. Dr. Ebert graduated with Honors in Geology from the University of Alberta in 1991 and obtained his Ph.D. in Geology from the University of Western Australia in 1995. He was a Research Associate with the Mineral Deposit Research Unit (MDRU) of the University of British Columbia, coordinating an industry funded research program concentrating on carbonate hosted polymetalic deposits in Peru. Dr. Ebert is also the President of Hot Spring Gold Corporation, a Nevada Company whose principal business consists of the acquisition and exploration of epithermal precious metal prospects in the Western United States. Dr. Ebert is a director of Manson Creek Resources Ltd. and Northern Abitibi Mining Corp.


Mr. Gregory H. Smith, CA., Director - top -
Mr. Gregory H. Smith has been a director of the Company since December 20, 2000. Mr. Smith is also a practicing chartered accountant and a partner with Smith Cageorge Perry, Chartered Accountants in Calgary, Alberta. Mr. Smith is the President of Alberta-Pacific Management Ltd, a private consulting company, a director of Armistice Resources Ltd., an exploration company which trades over-the-counter in Canada, the chief financial officer and director of Aloak Corp. and chief financial officer and director of CDG Investments Inc., a public investment company which trades on the CNQ under the symbol CDGI, and President of Oakridge Financial Management Inc., a private company which provides management to other private companies.

 


Contacts

Tyler Resources Inc.

#500, 926-5th Avenue S.W
Calgary, Alberta
T2P 0N7

Phone 1 (403) 269-6753


SEDAR Filings

TYS filings with SEDAR can be found here. All Fillings are current and the Company is fully reporting.

 

FORWARD LOOKING STATEMENTS

This report includes forward-looking statements that reflect Tyler Resources Inc. current expectations about its future results, performance, prospects and opportunities. Tyler Resources Inc. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Tyler Resources Inc.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.

 

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