Tribute Minerals drills 3.6 m of 0.31% Cu at Sunday

2009-11-25 08:52 ET - News Release

Mr. Ian Brodie-Brown reports

TRIBUTE MINERALS ANNOUNCES ASSAY RESULTS

Tribute Minerals Inc. has released assay results of diamond drill core samples from its fall 2009 exploration program of the Sunday anomaly VTEM targets located in the Ring of Fire property package of the James Bay Lowlands referred to in the press releases in Stockwatch dated Nov. 4 and 11, 2009. The targets are hosted within Tribute's wholly owned South Bend property located 30 kilometres east southeast of the first nation community of Webequie and 40 kilometres west of Noront's Eagle Nest Ni-Cu-PGE deposit. Assay results have returned encouraging copper with minor nickel values.

           ASSAY VALUES OF NOTE 

Drill hole   From (m)  To (m)   Cu(%)    Ni(%)

GB-09-01        95.9    96.3    1.20     0.03
GB-09-02        59.2    61.4    0.31     0.03
GB-09-05        95.4    96.6    0.50     0.12
GB-09-07        98.8   102.4    0.31     0.02

The sulphide mineralization of the intersections consists predominantly of narrow sections of stringer to semi-massive to massive banded pyrrhotite with lesser pyrite interspersed with blebs and disseminations of chalcopyrite hosted within pyroxenite ultramafic rocks and cut by felsic intrusive dikes and granitic gneiss.

The results for holes GB-09-01 and 02 are significant because they occur within a VTEM conductor overlying a ZTEM anomaly estimated to be located between 300 and 600 metres at depth as discussed in the press release in Stockwatch dated Sept. 10, 2009. The sulphide intersection in GB-09-01 is situated down dip from the intersection in GB-09-02. The interpretation of Crone EM borehole surveys completed on holes GB-09-01, 02 and 04 remain pending and will aid in the targeting of subsequent drilling in the area. Based upon these results, plans for follow-up exploration are to continue to drill test VTEM conductors along the Sunday anomaly trend plus deeper ZTEM targets in the vicinity of holes GB-09-01 and 02.

Ian Brodie-Brown, president and chief executive officer, states: "Management is encouraged by these results as the geological setting and character of the sulphide mineralization warrants continued exploration along strike and at depth. The targets drilled on the reconnaissance program indicate that the environment of the Sunday anomaly VTEM and ZTEM targets are favourable for Ni/Cu magmatic deposits."

The technical information in this press release was reviewed and approved by Trevor Boyd, PGeo, vice-president, exploration, for Tribute and a qualified person for the purposes of National Instrument 43-101.