Tribute Minerals Begins Airborne Z-TEM Survey on James Bay Lowlands Land Holdings- Geotech Airborne Magneto Telluric at
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TORONTO, ONTARIO, May 27 (MARKET WIRE) --
Tribute Minerals Inc. (the "Company" or "Tribute") (TSX VENTURE: TBM) is
pleased to report that it has retained Geotech Airborne services to fly
70,000 acres of land in the prolific James Bay Lowlands with the new
Z-TEM system developed by Geotech Ltd. Work commenced May 25 and is
anticipated to take up to 10 days.
Interpretation and refinement of data collected should take a further 15
days and the company hopes to begin drilling targets in the summer
season, pending the completion of the outstanding flow-through offering
announced on May 20th, 2009.
Tribute has generated several priority targets with the help of the
Geotech V-TEM Airborne system, some of which will be re-flown with the
new Z-TEM system to assist in the further development of target
definition and understanding for both the company and for the industry.
Tribute's mission statement has always read: "To employ the most advanced
exploration technologies available to find the next world-class ore
deposit in Ontario"
Tribute holds the right to purchase 100% ownership of the James Bay
properties from Goldeye Explorations Ltd. as announced in a press release
dated April 2, 2009 and both companies continue to work closely together
to find value in the landholdings in this new and exciting area of
Ontario's mineral development future.
Cautionary Note Regarding Forward-Looking Statements: This Press Release
contains forward-looking statements that involve risks and uncertainties,
which may cause actual results to differ materially from the statements
made. When used in this document, the words "may", "would", "could",
"will", "intend", "plan", "anticipate", "believe", "estimate", "expect"
and similar expressions are intended to identify forward-looking
statements. Such statements reflect our current views with respect to
future events and are subject to such risks and uncertainties. Many
factors could cause our actual results to differ materially from the
statements made, including those factors discussed in filings made by us
with the Canadian securities regulatory authorities. Should one or more
of these risks and uncertainties, such actual results of current
exploration programs, the general risks associated with the mining
industry, the price of gold and other metals, currency and interest rate
fluctuations, increased competition and general economic and market
factors, occur or should assumptions underlying the forward looking
statements prove incorrect, actual results may vary materially from those
described herein as intended, planned, anticipated, or expected. We do
not intend and do not assume any obligation to update these
forward-looking statements, except as required by law. Shareholders are
cautioned not to put undue reliance on such forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Contacts:
Tribute Minerals Inc.
Ian Brodie-Brown
President and C.E.O.
(416) 368-2929
(416) 601-1450 (FAX)
Email: info@tributeminerals.com
Website: www.tributeminerals.com
Copyright 2009, Market Wire, All rights reserved.
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