Tintina Intersects 4.5 Meters Grading 11.4% Copper in the Lower Copper Zone at Its Sheep Creek Copper-Cobalt-Silver Project, Mon
June 07 2011 - 9:00AM
Marketwired
Tintina Resources Inc. ("Tintina" or the "Company") (TSX VENTURE:
TAU) is pleased to announce that it has received additional
preliminary assay results from the 2011 drill program on its Sheep
Creek Copper-Cobalt-Silver property ("Sheep Creek") located in
Central Montana, USA (see Image 1 & 2).
Highlights from the Lower Copper Zone (LCZ) at Strawberry
Butte:
-- Drill hole SC11-029 drilled 4.50 meters grading 11.4% Cu, 0.19% Co, 8.0
g/tonne Ag and 0.3 g/tonne Au.
-- Drill hole SC11-048 drilled 6.61 meters grading 8.0% Cu, 0.10% Co, 7.2
g/tonne Ag, and 0.8 g/tonne Au.
The Company has completed infill and fringe drilling of the LCZ
massive sulfide in the Strawberry Butte mineralized area and has
received results from drill holes SC11-029, SC11-031, SC11-032, and
SC11-048 (see Table 1 below). The results of this drill campaign
will be used along with the historic drilling to form the basis of
an Inferred Resource estimate expected later this year. These
results confirm the persistent high copper grades throughout the
LCZ as well as better establish the location of faults which bound
the northern and southern margins of the depositional basin.
Table 1 - Strawberry Butte Lower Copper Zone Drill Intersections
From To Width Width Cu Co Ag Au
Hole (m) (m) (m) (ft) % % (g/t) (g/t)
----------------------------------------------------------------------------
Lower Copper Zone
----------------------------------------------------------------------------
SC11-029 437.00 441.50 4.50 14.8 11.39 0.19 8.0 0.3
SC11-031 459.70 460.36 0.66 2.2 3.66 0.02 5.0 0.1
SC11-032 374.51 375.72 1.21 4.0 0.47 0.01 4.0 0.0
SC11-048(i) 356.87 367.60 10.73 35.2 5.27 0.06 4.8 0.5
(i)includes 360.99 367.60 6.61 21.7 7.95 0.10 7.2 0.8
(For previous Tintina Resources and historic results on the Lower Copper
Zone at Strawberry Butte please see News Releases dated January 6, February
3, and April 26, 2011)
Tintina Resources has also completed in-fill drilling of the
Upper Copper Zone (UCZ) massive sulfide at Strawberry Butte with
the objective of bringing the UCZ Inferred Resource to Measured
& Indicated status. The UCZ remains open to the south, east and
west and drilling continues in order to determine its full extent.
The Company has also initiated resource definition drilling on both
the Lower Copper Zone and Middle Copper Zone massive sulfides zones
in the Strawberry East target area with the objective of further
expanding the total resource base for the Sheep Creek property. In
addition, the Company has initiated a Preliminary Economic
Assessment on the UCZ at Strawberry Butte to determine project
economics and has started collecting environmental baseline
information in preparation for an environmental assessment report
and project permitting.
Jerry Zieg, Vice President of Exploration for the Company is a
Qualified Person for the purposes of National Instrument 43-101 and
has reviewed and approved the information of a scientific nature
contained in this news release. Assays for this program have been
completed by ALS Chemex including duplicates, standards, and blanks
for QA/QC purposes.
About Tintina
Tintina Resources is a growth company focused on the exploration
and development of precious and base metal properties around the
world. The Company's experienced Board of Directors and Management
Team, having completed the verification drilling on the Sheep Creek
copper-cobalt massive sulfide property in Montana, U.S.A., are
focused on additional exploration drilling and advancing the
project towards production. The Company is also exploring an
impressive portfolio of gold and base metal projects in Alaska,
including the Colorado Creek gold project located in southwest
Alaska in the same region as the 40 million ounce Donlin Creek
project.
The growth and success of the Company comes from Tintina's
experienced exploration team and its ability to forge collaborative
relationships and partnerships with Native Alaskan and First
Nations groups, local communities, major mining companies and
regulators.
About Sheep Creek
The Sheep Creek deposit is located about 27 km north of White
Sulphur Springs along a well maintained gravel road and within two
miles of U.S. Highway 89. The Sheep Creek property consists of
approximately 9,350 acres of fee simple lands and mining claims in
central Montana. The property contains sediment-hosted zones of
massive sulfide mineralization originally explored by Cominco
American Inc. and BHP during the 1980's and early 1990's.
Historical drilling encountered significant zones of strata-bound
copper sulfide with cobalt in multiple bedded pyrite zones in the
lower part of the Precambrian Belt Supergroup; this same
stratigraphic unit hosts the Sullivan zinc-lead-silver deposit in
southeastern B.C. The Company, in a remarkably short period of
time, has been able to produce an Inferred Resource on the Upper
Copper Zone at Strawberry Butte (please see the Company's News
Release dated January 6, 2011). A minimum of four additional known
tabular mineralized zones, within a four kilometer strike length,
will be drill-tested over the course of 2011.
ON BEHALF OF THE BOARD OF DIRECTORS
Louis A. Lepry, Jr., President & CEO
Cautionary Note Regarding Forward-Looking Statements: Certain
disclosure in this release, including statements regarding the
Company's plans for and intentions with respect to exploration of
the Company's Sheep Creek property, constitutes "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and Canadian securities
legislation. In making the forward-looking statements in this
release, the Company has applied certain factors and assumptions
that the Company believes are reasonable, including that the
Company is able to obtain any government or other regulatory
approvals and any financing required to complete the Company's
planned exploration activities, that the Company is able to procure
equipment and supplies in sufficient quantities and on a timely
basis, that the Company's exploration activities on the Sheep Creek
property will not be affected by actions of environmental activists
or other special interest groups and that actual results of
exploration activities are consistent with management's
expectations. However, the forward-looking statements in this
release are subject to numerous risks, uncertainties and other
factors relating to Tintina's operation as a mineral exploration
company and the Sheep Creek property that may cause future results
to differ materially from those expressed or implied in such
forward-looking statements. Such uncertainties and risks include,
among others, actual results of the Company's exploration
activities being different than those expected by management,
uncertainties involved in the interpretation of drilling results
and geological tests, delays in obtaining or inability to obtain
required government or other regulatory approvals or financing,
interference with Tintina's exploration activities by environmental
activists or other special interest groups, inability to procure
equipment and supplies in sufficient quantities and on a timely
basis, equipment breakdowns, and bad weather. There can be no
assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such statements. Readers are cautioned not to place
undue reliance on forward-looking statements. Tintina Resources
Inc. does not intend, and expressly disclaims, any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
except as required by law.
To view "Image 1 - Sheep Creek, MT, USA" and "Image 2 - Plan Map
of Sheep Creek Strawberry Butte Mineralized Target, Montana, USA",
please visit the following link:
http://media3.marketwire.com/docs/tau_fgs2_607.pdf
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: TintinaGold Resources Inc. Philippe Van Nieuwenhuyse
604-628-1162 ext. 236 604-628-1163 (FAX)
philvann@tintinaresources.com www.tintinaresources.com
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