Tamerlane Ventures, Inc. announced the results of its NI 43-101 technical report for the N-204 surface deposit at the Company's Pine Point Project, located in Canada's Northwest Territories. The N-204 deposit is located 60 kilometers to the northeast of the R-190 mill site. The report shows the N-204 deposit at the Pine Point Project is feasible with an internal rate of return (IRR) of 90%, and the Company has already begun the permitting process for this deposit. The cash cost (average over mine life) of zinc production from the N-204 deposit is projected to be $0.47 per pound. The N-204 in-pit mineral resources were converted from Indicated resources to diluted probable reserves. The mineral inventory includes diluted probable reserves of 12.8 million tonnes at a grade of 0.70% lead and 2.60% zinc, and diluted in-pit inferred resources of 1.5 million tonnes at a grade of 0.6% lead and 2.3% zinc, at a cutoff grade of 1.1% combined zinc+lead. The deposit will be developed using sequential surface panel mining whereby the ore will be taken in panels using conventional surface mining methods and the waste will be backfilled as the panels are mined. A dense media separation (DMS) plant will be constructed at the N-204 site and the DMS pre-concentrated ore will be transported to the already permitted R-190 milling facility. The technical report covers all aspects of infrastructure, development, mining and processing. The basis for the technical report assumes that the N-204 deposit will be mined over a period of 5 years as a stand-alone operation with the DMS concentrate filling the R-190 mill. This deposit may also be mined to provide supplemental ore in parallel with ore from the existing underground reserves in the R-190 area at any time over the first several years of mine life.