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Begins Airborne Z-TEM Survey on James Bay Lowlands Land Holdings
posted on
May 27, 2009 06:24AM
May 27, 2009
Tribute Minerals Begins Airborne Z-TEM Survey on James Bay Lowlands Land Holdings- Geotech Airborne Magneto Telluric at the Forefront in Airborne Technology
TORONTO, ONTARIO--(Marketwire - May 27, 2009) - 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.