Tyler Resources is a well funded Canadian Junior Exploration Company currently focused on exploring for base and precious metals in Mexico. It's Bahuerachi Property hosts a copper and precious metal bearing porphyry complex with 4 kilometers of strike length and clear world class potential. Staged exploration work at Bahuerachi continues to expand known mineralized zones and increases the potential of the property to become a new large, low cost producer of copper and precious metals
Tyler
Resources Inc. TYS
(TSXV)
Bahuerachi Cu Property, northern Sinaloa. is a 3,289 hectare property consisting of two exploitation concessions (Bahuerachi and Bahuerachi Dos) and one exploration concession (Bahuerachi Tres) located on the Reforma mineralized trend in southwestern Chihuahua near the Sinaloa border. It is about 40 km NNE of Choix and 7 kn NE of the now dormant Reforma Mine. It is also around 16 km N of the Santo Tomas porphyry copper deposit. A fulltechnical report and property evaluation is available on SEDAR. As on January 26, 2004 Tyler held an 88.69% interest in the property and the underlying owner held 11.3%.
Press release 26Jan04
OLDER INFO & HISTORY: Once was a 50/50 JV partners w/Golden Rule Resources Ltd. on 3,285 ha. in the La Reforma Area around 40 km NNE of Choix. Objective is low cost OP SX/EW project. The Guggenheim Company worked main skarn zones here in 1900's. ASARCO drilled wide pattern here in 1970's with best intercept running 1.2% Cu over 39m. Plans drilling as soon as SEMARNAP environmental permits are in place. By March 1997 18 short diamond drill holes were completed totaling 1503m . Economic Cu grades reported in altered volcanics and skarn. As a result of encouraging results additional land was staked. The new claims: Busqueda and La Tigre increase land position of about 35,000 Ha.
GCN 1998-1999
GCN #45 5Mar97
LAMR, v3, #8 Aug 96
MBD July, 96
NMN v82#17 06/24/96
GCN #120 20Jun96CDG Investments Inc. ("CDG") has entered into a letter of intent dated November 12, 2003 with Tyler Resources Inc. ("Tyler") for the non-arm's length acquisition by Tyler of CDG's 40% interest in the Bahuerachi property located in Mexico. Tyler is currently the project operator and owns a 48.69% interest, CDG owns 40% and the initial property vendor owns 11.3%.
Tyler has agreed to issue 13,336,000 shares at a deemed price of $0.06 per share in payment of the purchase price for the property. This deemed price was negotiated and agreed to by independent committees of the boards of both companies. CDG currently owns 2.3% of the outstanding shares of Tyler. Following the completion of this transaction; CDG will hold over 27.5% of Tyler's issued and outstanding shares.
The Bahuerachi Property is an 8,114 acre (3,289 hectares) property consisting of two exploitation concessions (Bahuerachi and Bahuerachi Dos) and one exploration concession (Bahuerachi Tres) located on the Reforma mineralized trend in southwestern Chihuahua, near the Sinaloa border of Mexico. It is about 40 km north-northeast of Choix, Sinaloa, 7 km northeast of the now dormant Reforma Mine and 16 km north of the Santo Tomas porphyry copper deposit.
Over $2,000,000 has been spent by Tyler and CDG in exploring the property. This exploration has identified high grade, magnetite-associated gold systems continuing at depth in association with the previously identified intrusion and skarn hosted mineralization.
An underground sampling program in 2003 showed good grades of copper in the initial part of the section, with increasing grades of copper, silver and gold over the last 5 meters sampled. The sampling was still within mineralization when it had to be stopped due to a partial adit collapse. The last two 1 meter sampling intervals in the section graded 0.51% copper, 0.14 g/t gold, 17 g/t silver and 0.37% copper, 0.22 g/t gold and 35.9 g/t silver respectively. The increasing grades of base and precious metals are consistent both with geological observations and with previous surface sampling results. It was observed at surface that the eastern margin of the intrusion, although also copper bearing, had a significantly lower gold and silver content than the western edge of the intrusive complex and its related endo and exoskarns.
Results of the underground sampling showed copper values ranging from less than/**/.01% to 0.84 %, gold from less than/**/.01 g/t to 0.22 g/t, silver from less than 1.0 to 35.9 g/t and zinc from less than/**/.01 to 0.29% and include the following minimum interpreted true widths and weighted average grades:
Interval Length Geology Grade Cu Grade Ag
(from-to, meters) (m) (%) (g/t)
-----------------------------------------------------------------------
0-38 38 Sediments Not sampled Not sampled
38-114 76 Sediments/dykes Anomalous
114-126 12 Sediments/QFP (1) 0.26 3.54
126-129 3 Andesite dyke less than 0.1
129-190 61 QFP (1) 0.26 4.29
INCLUDING
140-159 19 QFP (1) 0.39 4.14
177-190 13 QFP (1) 0.35 9.04
(1) Quartz Feldspar Porphyry, main intrusive unit, some local
post-mineral dykes.
Associated Mining Consultants Ltd. (AMCL) was retained by Tyler and CDG to complete an independent review and valuation of the property, and to provide a third party assessment and evaluation of the work completed to date. AMCL has recommended a 2,000 m drilling program and further underground sampling.
Completion of the transaction is subject to a number of conditions, including but not limited to, TSX Venture Exchange acceptance and Tyler obtaining minority shareholder approval. The transaction cannot close until the required Shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.Press Release 19Nov03
Active in Mexico as operator of a 50/50 JV arrangement with Golden Rule Resources, Ltd. Delisted from TSE and re-listed on CDNX in August, 2000
Don David Au Property, Chihuahua. Acquired as half owner of a 50/50 JV with Golden Rule a large 3-claim land package totaling 35,989 Ha subject to a 5% npi from Minerales Wulfenita and Consolidated Pine Channel Resources Ltd. TSE approved acquisition. The Don David claim group surround the Bahuerachi Cu-Au prospect owned by the Tyler/Golden Rule JV. Exploration in the past 10 years has outlined significant skarn-hosted CuOx mineralization, PCD potential with gold credit and epithermal structurally related precious and base metal potential.
LAMR February, 1999
GCN #19 28Jan99
GCN #246 23Dec98La Cardelena Property, Sonora. A 150 Ha property near Suaqui Grande where in 1994 sampling and mapping were carried out. Further exploration awaits resolution of negotiations for a 10Ha inlier concession.
CMH 1998-1999
Exotica Property, Sonora. A 200 Ha property in the Yaqui River Area adjacent to the Cuatro Hermanos property explored by magma under option from Corner Bay.
CMH 1998-1999
