Tribute Minerals finds two conductors at Ring of Fire

2009-12-02 13:20 ET - News Release

Mr. Ian Brodie-Brown reports

TRIBUTE MINERALS ANNOUNCES BOREHOLE EM RESULTS

Tribute Minerals Inc. has released the interpretative results of the Crone EM borehole surveys completed on diamond drill holes GB-09-01, 02 and 04 from its fall 2009 exploration program of the Sunday anomaly located in the "Ring of Fire" property package of the James Bay lowlands. The holes are located 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 nickel-copper-PGE deposit.

Survey results have identified two significant conductors of interest. The first conductor is identified by the VTEM anomaly, intersected by holes GB-09-01 and 02 and indicates increasing strength along strike to the west. The second conductor is partially masked by the first, but is located downdip off-hole of GB-09-01 to the south and is at least 180 metres deep in the direction of the deeper Geotech ZTEM anomaly.