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Tyler Resources Inc. is a successful, well-funded Canadian Exploration Company focused on base and precious metals exploration in Mexico.
Tyler’s primary project is its 100% owned Bahuerachi Property, where over the last 4 years, the Company has drilled in excess of 51,000 meters of drilling and discovered Mexico’s fourth largest, bulk tonnage polymetallic Copper-Zinc-Moly porphyry system from the grassroots stage. The drilling focusing on extending the known Bahuerachi Deposit and searching for other Deposits in the district is ongoing and is currently scheduled to extend well into 2008.
Tyler has now undertaken to begin all studies required to advance the Bahuerachi Deposit to and through the Feasibility Study stage level by 2008. It is the Company’s goal to demonstrate that the Bahuerachi project can rapidly become one of the most significant new bulk-tonnage, low cost producers of copper, zinc, molybdenum, silver and Gold in Mining Friendly Mexico.
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.
Bahuerachi Deposit - Mexico - 100% owned
Tyler’s Bahuerachi deposit is Mexico’s largest undeveloped copper-zinc (Mo-Ag-Au) resource. Tyler expects to complete a Bahuerachi pre-feasibility study in 2008 that will significantly build on the results of a November 2007 National Instrument 43-101 (“NI 43-101”) compliant Preliminary Economic Assessment Report or scoping study. The pre-feasibility study will be based on a new resource estimate, updating a resource disclosed in May 2007. The updated resource estimate will incorporate all drilling information generated from May to December of 2007. This new drilling information, expected to include more than 48 drill holes in 8,000 meters of drilling since May 2007, including significant mineralization intercepts in five drill holes disclosed by Tyler on June 13, 2007, six drill holes disclosed by Tyler on August 2, 2007, and all current and ongoing drilling, was not incorporated into the September scoping study and the May 2007 resource estimate.
Independent Mining Consultants of Tucson, Arizona prepared the November 2007 scoping study. The final version of the scoping study is available at this link. Using 3 year backward average metal price assumptions, which are substantially lower than current metal prices, the scoping study suggests the Bahuerachi deposit could generate a pre-tax internal rate of return of over 53%, a preproduction capital payback of less than two years and a net present value of US$1.9 billion at an 8% discount rate. The scoping study suggests that Bahuerachi could support an initial mine life of 12 years based on an analysis of only 251 million tonnes, or 41%, of the measured, indicated and inferred resource tonnage identified in the May 2007 Bahuerachi resource estimate.
Mexico
| Mr. Jean Pierre Jutras, P. Geol. | President and Chief Executive Officer |
| Mr. Alan Craven, P.Eng. | Director |
| Dr. Shane Ebert, Ph.D. | Vice President Exploration and Director |
| Mr. Gregory H. Smith, CA | Director |
| Mr. Scott Reeve, B.Comm., LL.B. | Director |
| Ms. Lesley Hayes, MBA | Director |
| Mr. Noel Lumsden, CA | Chief Financial Officer |
| Ms. Jennifer Munro, CA | Chief Financial Officer on maternity |
| Ms. Barbara O'Neill | Corporate Secretary |
Company AddressSuite 500, 926-5th Avenue
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CapitalIssued and outstanding - 114.4 M Common Shares |
Annual General MeetingMay | Year EndJuly 31 |
| Robert Ingram | 3.62% |
| Theodore Renner | 1.50% |
| Gregory Smith | 1.10% |