Tyler Resources Inc.

COMPANY DATAINTRODUCTION | PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE

Address:  Suite 500, 926 - 5 Ave. S.W.
Calgary, Alberta
Canada T2P 0N7
Tel No.:  (403) 269-6753
Fax No.: (403) 266-2606
Web Site:  www.tylerresources.com 
Corporate Email: inquiries@tylerresources.com 
Contact Person: Jean Pierre Jutras
Position:  President

COMPANY DATA

Traded Market:  TSX-V 
Traded Symbol: TYS 
Outstanding Shares:  68,204,000 
Public Float: 50,000,000 
52 Week High: $ 0.40 
52 Week Low:  $ 0.05 
Present Price: Click Here 

INTRODUCTION

Tyler Resources Inc. is a well financed junior exploration company focused on advancing its Bahuerachi project.
Bahuerachi is a potentially world class copper - gold porphyry discovery in Chihuahua State, Mexico, 25 km west of the El Sauzal Mine, currently under construction. Past work on the project has identified extensively mineralized complexes and high grade skarn/breccia complexes with grades such as 0.8% copper, 0.6 g/t gold and 35 g/t silver.

As of early June, 2004, Tyler has recently successfully completed its Phase I exploration program consisting of over 1,000 m of drilling, for which results are pending, and extensive mapping, which has extended the strike length to over 4 km.

The Phase II exploration program, scheduled for the autumn of 2004, is currently in the planning process.

PROJECT IN HAND

(1) Bahuerachi Project, Mexico

The principal exploration property in Mexico is Bahuerachi, located in the state of Chihuahua roughly 8 kilometers north of the town of La Reforma, Sinaloa. The base and precious metals of interest on the property are copper, gold, zinc and silver. At April 30, 2004, the Company had an approximate 89% interest in the property, with 11% held by the initial vendor of the property.

The property interest is held through, Recursos Tyler S.A. de C.V., a company that holds the mineral claims in trust for the Company. 

In February, 2004, an airborne geophysical survey was completed. Initial plotting and review indicated a good correlation between the airborne geophysical data and known geology, as well as with previously recognized mineralization at project's Main Zone.

During April, 2004 the Company conducted reconnaissance work and hand trenching in area to be drilled. Assay results from this testing were published in the news release 04-09 released April 20, 2004. Field mapping confirmed an extension of the Main Zone that had been indicated by the airborne geophysical data.

The Company commenced its Phase I drilling program in May, 2004 and concluded in June with the completion of 12 drill holes for a cumulative 1,084 metres of drilling. Only partial recovery was achieved in drill hole 1 and drill hole 2 was abandoned at 30 metres without reaching the porphyry target. The results for holes 3 and 4 included 21.34 metres grading 3.11% copper and 58 metres grading 0.72% copper, confirming the depth extension of high grade skarn breccias as well as the mineralized porphyry body. Results for the remaining eight holes will be reported as received and interpreted. Drilling has successfully confirmed strong porphyry copper mineralization and alterations with related high grade porphyry breccia and skarn development to depths of at least 100 metres, the maximum depth tested during this phase of work. Field mapping has extended the porphyry target from the known 1,600 metres of strike length to over 4,000 metres in total strike length.

The Company's private placement in March, 2004 is being used to finance the May/June drill program and will finance the planned Phase II drill program.

(2) Carat and Kelsey Diamond Project, Northwest Territories, Canada

During the period ended April 30, 2004 the Company granted Majescor Resources Inc., an option to acquire its approximate 30% and 33% interests, subject to a net profits interest retained by the Company of approximately 8%, in the Carat and Kelsey diamond exploration joint ventures respectively. These two properties were the Company's only interests in the Northwest Territories, and their disposition will allow the Company to concentrate on its Mexican property - Bahuerachi.

(3) Keni Project, Nunavut, Canada

During the year ended July 31, 2002, the Company and Northern Abitibi Mining Corp., a company related by virtue of certain common officers and directors, entered into a letter agreement whereby they can acquire a 65% interest in certain mineral claims, called the Keni Claims, aggregating approximately 111,000 acres, in the Coronation Gulf Diamond District of Nunavut.

To April 30, 2004 the Company and Northern Abitibi have jointly incurred $445,000 of exploration expenditures to credit towards their $1,100,000 cumulative option commitment. The Company was very encouraged by their preliminary 2002 results, however they believe that their financial resources at this time are better committed to the Baheurachi property in Mexico. Management of the Company is investigating options for the sale of its interest in the property.

(4) Weedy Lake Project, Saskatchewan, Canada

The Weedy Lake property is located approximately 156 km northeast of La Ronge, Saskatchewan. During the year ended July 31, 2002 the Company entered into an option agreement with Golden Band Resources Inc. ("Golden Band"), whereby Golden Band can earn 50% of the Company's interest in the property, (25.05% of the total property interest). In order to earn the aforementioned interest, Golden Band must incur a minimum of $100,000 of exploration expenditures on the property in each of the first three years and a minimum of $1,500,000 in aggregate over four years. On March 4, 2004, the Company notified Golden Band that it was in default of the option agreement, having failed to deliver in a timely manner a report detailing expenditures incurred and details of the exploration program and results. Golden Band was given 60 days to remedy the situation. Management of the Company is currently negotiating the outright sale of the 50% property interest to Golden Band. While management believes that the carrying value of the property will be realized in the sale and is optimistic that the sale can be arranged, they can provide no assurances at this time.

MANAGEMENT

Tyler Resources Inc. has a well management team with experience in different areas. The management team includes:

James Devonshire, CA, Chairman and Chief Executive Officer
Mr. Devonshire is a chartered accountant and management consultant with over 25 years experience in the mining and mineral exploration business. His past experience includes acting as a financial consultant to a large German exploration group, and being a director of several public companies with producing mines. He is also currently the President of CDG Investments Inc., a publicly traded investment company, which is the largest shareholder of Tyler Resources Inc.

Jean Pierre Jutras, P. Geol., President and Chief Operating Officer
Mr. Jutras is the President, Chief Operating Officer and a director of Tyler Resources Inc. Mr. Jutras is also the vice president and director of Manson Creek Resources Ltd. (TSX: MCK) and a vice president and a director of Northern Abitibi Mining Corp. (TSX: NAI). Mr. Jutras is an experienced professional in the exploration industry and has worked in over 10 countries on three continents in his 14 years of consulting exploration work with numerous public companies, including Placer Dome, Prism Resources and Golden Star Resources.

Dr. Shane Ebert, Ph.D., Director
Dr. Ebert has been a director of the Company since January 26, 2004 and actively consults with Tyler on the Bahuerachi property. Dr. Ebert is a consulting geologist and research associate at the Mineral Deposit Research United of the University of British Columbia, where he coordinates industry needs and current research. Dr. Ebert is a director of Manson Creek Resources Ltd. and Northern Abitibi Mining Corp.

Regan Chernish, P.Geol., Vice-President
Mr. Chernish has been the Vice-President, exploration of Tyler Resources Inc. since December 19, 2001. From 1997 to 2001 Mr. Chernish was a project geologist for Diavik Diamond Mines Inc., a private diamond production company. In 1997 he was employed as a geologist for Giant Gold Mine, a former public gold producer, and was a geologist for Covello Bryan and Associates, a private geological consulting company, from 1993 to 1997. Mr. Chernish is a director of Manson Creek Resources Ltd.

NEWS UPDATE

On February 24, 2005, Tyler Resources Inc. announced assay results recently received for drill hole #17 and the bottom portion of drill hole #16 at the Main Zone of its Bahuerachi project. The continued mineralization at the Bahuerachi Main Zone, including 16.9 metres grading 0.80% copper, 13.7 g/t silver and 0.31% zinc in diamond drill hole #17.

On February 14, 2005, Tyler Resource Inc. announced further exploration success at Bahuerachi with the discovery of epithermal gold-silver mineralization in drilling at the Los Alisos Zone. Reverse circulation drill holes 05-RC-8 to 11 were drilled to do a first pass testing of the Los Alisos epithermal system located approximately 1.2 km west of the area of the Main Zone drilling to date on Tyler Resources' Bahuerachi property. The result including 9.14 metres grading 2.18 g/t gold and 182 g/t silver.

On January 26, 2005, Tyler Resources Inc. reported that effective January 26, 2005 it will trade on the OTCBB under the symbol TYRRF.

On January 25, 2005, Tyler Resources Inc. announced the assay results for the last of the December 2004 drill holes including RC2, 3, 4 and 5 as well as completed portion of core hole #16 at Bahuerachi. Reverse circulation drill hole 04-RC-2 returned an average grade of 1.3% copper, 1.07% zinc and 27 g/t silver over 112.78 metres.

On January 10, 2005, Tyler Resources Inc. announced the assay results for its drill hole 04-BAH-15 at Bahuerachi, which returned an intersection of 143 metres with an average grade of 0.71% copper from 16 to 159 metres. This was followed by 5.6 metres grading 2.15% copper, 0.24 g/t gold, 31 g/t silver and 0.62% zinc from 160.7 metres to 166.3 metres where the hole ended in mineralization.

On January 06, 2005, Tyler Resources Inc. reported the results for its first reverse circulation drill hole which was designed as a test to twin and deepen diamond drill core hole 04-BAH-13 as part of its current Phase 2, 30 hole drill program. Full assay results have been received, compiled and interpreted for reverse circulation (RC) drill hole 04-RC-1. Drill holes RC 2,3,4,5 and Core holes 15 and 16 (partial) are still outstanding and are expected to come in batches over the next 2 weeks. Assays from the first reverse circulation drill hole on the project include 30.4 metres grading an average of 0.28% and a further 15.2 metres grading an average of 0.25% copper and 0.13% zinc with the hole ending in mineralization.

On December 20, 2004, Tyler Resources Inc. announced that field activities at Bahuerachi have now been suspended for the Christmas period and are anticipated to resume by January 8th, 2005, with in excess of 6,100 metres of planned drilling left to be completed for the current phase of work. A total of 5 reverse circulation drill holes and a further core hole (BAH-04-15) were completed on site prior to the Christmas break. The diamond drill core rig is at approximately 150 metres depth on drill hole BAH-04-16.

On December 14, 2004, Tyler Resources Inc. reported the initial results from its Phase 2, 30 hole drill program. These include the deepest intersections of high grade skarn/breccia mineralization on the project to date as well as excellent results in the main porphyry at Bahuerachi. Full assay results have been received, compiled and interpreted for diamond drill holes BAH-04-13 and BAH-04-14. The highlights of these results include a skarn/brecci section grading 1.20% copper, 0.35% zinc, 0.13 g/t gold and 13 g/t silver over 18 metres within a larger interval grading 0.42% copper and 0.16% zinc over 105 metres. Tyler is extremely pleased with these results, which confirm the continuity both geologically, and in terms of grades at depth within the three main mineralized units identified on the project to date. Of particular importance are the assay results obtained in the porphyry at the end of hold #14.

On November 30, 2004, Tyler Resources Inc. announced that the second drill rig for the planned Phase 2 Reverse Circulation (RC) drilling for its Bahuerachi project is currently arriving on site. RC drilling is scheduled to commence immediately. To date, two diamond drill holes have been completed. All core from these holes has been logged and split and has left the site for the Hermosillo ALS-Chemex Laboratory facility. On an expedited basis, assay results are expected to be received by the Company and released within approximately two weeks.

On September 16, 2004, Tyler Resources Inc. announced approval of a $1.2 million Phase 2 exploration program at its Bahuerachi porphyry copper-gold project, Mexico. In addition to a minimum of 3,000 metres of core and RC drilling, planned field activities include extensive trenching in the north and south portions of the 4 kilometres long mineralized porphyry complex as well as ground geophysics. Mobilization for Phase 2 work, commencing with road construction and trenching, is currently scheduled for the third week of September and field work is expected to carry through to December, 2004.

On July 07, 2004, Tyler Resources Inc. reported the last results from its Phase I exploration program. These results continue to confirm the presence of mineralization with bulk mining potential in a world class sized porphyry setting at its Bahuerachi property, Mexico.

Phase I drilling has confirmed the extensive and continuous nature of high grade copper, gold, silver and locally zinc bearing breccia and skarn bodies. These occur locally within, on the edges, and away from the main mineralized porphyry (QFP). The mineralized intrusive complex, including mineralized sediments and high grade breccia and skarn zones in the core of the complex, has now been outlined at surface over an area in excess of 4 kilometres in strike length with widths varying between 200 metres to in excess of 700 metres. For comparison purposes, the mineralized complex which remains to be drill tested at Bahuerachi has now been recognized over an area in excess of 3 times the size of the Bajo De La Alumbrera porphyry complex which hosts the 600 million tonne Alumbrera Mine in Argentina.

On June 22, 2004, Tyler Resources Inc. announced the Bahuerachi Property assay results for drill holes #5, 6 and 7, including 35.5 metres grading3.08% copper in hole #6 and 41.26 metres grading 2.18% copper in hole#7. These results confirm both strike length and depth extension of high grade breccias at the Bahuerachi Property, Chihuahua State, Mexico.

Significant drill intercepts for these drill holes include the following intervals:

DRILL HOLE #

FROM(m)

TO(m)

Interval(m)

Copper(%)

Gold(g/t)

Silver(g/t)

Zinc(%)

Rock type

04BAH-07

2.74

44.00

41.26

2.18%

0.13

15.59

0.11

breccia pipe/skarn

04BAH-06

1.5

37

35.5

3.08%

0.14

15.37

0.09

breccia pipe/skarn

04BAH-05

14

122.43

108.43

0.63%

 

 

 

chalcocite blanket/QFP/marble/breccia skarn

Including

14

32

18

0.69%

0.02

4.83

0.14

chalcociteblanket/skarn/QFP

Including

101.19

122.43

21.24

1.61%

0.10

21.39

0.58

breccia pipe/skarn

The high grades of mineralization confirmed along significant strike and depth by holes #5, 6 and 7 are indicative of high grade breccia zones in a porphyry setting and indicate multiple pulses of mineralization. Multiple pulses of mineralization are well known as key features of many of the successful world class present producers or historical mines in the porphyry environment and bode well for continued exploration at Bahuerachi.

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