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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 TeamMr. 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.
ContactsTyler
Resources Inc.
#500, 926-5th Avenue S.W
Calgary, Alberta
T2P 0N7
Phone 1 (403) 269-6753
SEDAR FilingsTYS 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.
Disclaimer
AllPennyStocks.com feature stock reports are intended to be
stock ideas, NOT recommendations. Please do your own
research before investing. It is crucial that you at least
look at current SEC filings and read the latest press
releases. Information contained in this report was extracted
from current documents filed with the SEC, the company web
site and other publicly available sources deemed reliable.
For more information see our disclaimer section, a link of
which can be found on our web site. This document contains
forward-looking statements, particularly as related to the
business plans of the Company, within the meaning of Section
27A of the Securities Act of 1933 and Sections 21E of the
Securities Exchange Act of 1934, and are subject to the safe
harbor created by these sections. Actual results may differ
materially from the Company's expectations and estimates.
This is an advertisement for Tyler Resources Inc. The
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