Tribeca Resources Corporation announced final assays from Phase 2 drilling at the Company's cornerstone La Higuera Project, which has delivered a 40% increase to the size of the Gaby mineralised system, are reported. Drill holes GBY015 and GBY016 were sited to test two geophysical anomalies (gravity and IP, respectively) to the east of the main trend, and GBY017 was sited within a 400m undrilled gap in the main north-south trend. Drill hole GBY015 intersected intervals of copper-gold mineralisation from 20m and 96m downhole depth .

The cover thickness in this location, which is approximately 200m east of the main trend, is 14m downhole depth. The mineralization is dominantly associated with magnetite breccias in andesite, but some late cross-cutting hematite-chalcopyrite veins are also present. Drill hole GBY016 and GBY017 intersected pyrite alteration and local zones of 0.1-0.5% copper, but no significant copper intersections greater than 10m width.

The magnetic signature is lower in the zone of the north-south trend where these holes are located (Section 5000N) reinforcing the importance of the magnetic data in targeting higher grade mineralization. GBY015 to GBY017 are the final holes from the Phase 2 drill program, which comprised 10 holes for 3,806m. With the completion of this program the mineralization at Gaby has now been intersected in most holes over a strike length of approximately 1.4 km, with significant thicknesses of mineralization ranging from 0.18% - 0.66% copper plus significant gold, cobalt and iron.

The logging, assay and other data from the Phase 2 program is now being integrated with previous drilling, geological and geophysical information to update the geological model at the Gaby target. Together with work on additional targets from the La Higuera Project, this is being utilised to plan the next phase of drilling.