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Company Information for Tyler Resources Inc

Company stock charts - 12 Month chart

Exchange TSX.V; TYS


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Company Statement

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.


Current Operations

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.


Geographical Spread

Mexico


Board of Directors and Key Management

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 Address

Suite 500, 926-5th Avenue
Calgary, Alberta, Canada T2P 0N7

Telephone:(403) 269-6753
Facsimile:(403) 266-2606
Email:inquiries[at]tylerresources.com
Website:http://www.tylerresources.com

Capital

Issued and outstanding - 114.4 M Common Shares

Annual General Meeting

May

Year End

July 31

Major Shareholders

Robert Ingram 3.62%
Theodore Renner 1.50%
Gregory Smith 1.10%

Related News

23/10/07 - Mercator Minerals Takes a Back Door Run at Tyler Resources
07/06/07 - Tyler Resources Bounces Back at Bahuerachi in Mexico

Most Recent Statement

11/03/08 - Canada Jinchuan Resources Ltd. Completes Acquisition of Tyler Resources Inc.
14/02/08 - Tyler Increases Land Position by 78% at Bahuerachi, Samples 379 g/t Gold and 217 g/t Silver at Surface on New Claim
07/02/08 - Tyler Reports Continued Stepout Drilling Results, Highlights Significant Additional Tonnage Potential at Bahuerachi
05/02/08 - Jinchuan Bid Circular and Tyler Resources Directors' Circular Mailed in Respect of Cdn.$1.60 Offer Per Share for Tyler Resources
06/01/08 - Jinchuan Group to Acquire Tyler Resources for CDN$1.60 Per Share
10/12/07 - Tyler Resources Provides Update on Shareholder Rights Plan

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