Tintina Resources Reports In-Fill Drill Results Demonstrate Continuity of Upper Copper Zone at Sheep Creek Copper-Cobalt-Silver
June 21 2011 - 9:00AM
Marketwired
Tintina Resources Inc. ("Tintina" or the "Company") (TSX VENTURE:
TAU) is pleased to announce that it has received additional assay
results for 11 drillholes from the 2011 drill program on its Sheep
Creek Copper-Cobalt-Silver property ("Sheep Creek") located in
Central Montana, USA (see Images 1& 2).
Highlights from the Upper Copper Zone in-fill drilling at
Strawberry Butte:
-- Drill hole SC11-019 drilled 11.34 meters grading 2.09% Copper, 0.06%
Cobalt and 11.8 g/tonne Silver and a second interval of 6.00 meters
grading 1.31% Copper, 0.09% Cobalt and 27.7g/tonne Silver
-- Drill hole SC11-027 drilled 7.45 meters grading 2.52% Copper, 0.16%
Cobalt, and 10.3 g/tonne Silver and a second interval of 2.95 meters
grading 3.32% Copper, 0.18% Cobalt and 6.0 g/tonne Silver
-- Drill hole SC11-029 drilled 9.02 meters grading 2.66% Copper, 0.15%
Cobalt, and 13.5 g/tonne Silver and a second interval of 3.01 meters
grading 2.99% Copper, 0.13% Cobalt and 8.6 g/tonne Silver
The Company has two drill rigs completing in-fill and expansion
drilling of the Upper Copper Zone (UCZ) massive sulfide on the
Strawberry Butte target area. Results have been received from drill
holes SC11-019, SC11-020, SC11-024, SC11-026, SC11-027, SC11-028,
SC11-029, SC11-030, SC11-031, SC11-032, and SC11-033 (see Table 1
and Figure 2 - Drill Hole Location Map below). In addition, the
Company has completed 16 drill holes for which assay results are
pending and plans an additional 12 holes to further in-fill and
expand the UCZ resource. The results of this drill campaign will be
used to upgrade the UCZ resource to Measured and Indicated status.
These results confirm the continuity of high copper grades
throughout the UCZ and expand the known margins of the deposit.
Table 1 - Strawberry Butte Upper Copper Zone Drill Intersections
Hole From (m) To (m) Width (m) Width (ft) Cu% Co% Ag (g/t)
---------------------------------------------------------------------------
Upper Copper Zone
---------------------------------------------------------------------------
SC11-019 99.50 110.84 11.34 37.2 2.09 0.06 11.8
and 128.00 134.00 6.00 19.7 1.31 0.09 27.7
SC11-020 91.91 96.51 4.60 15.1 1.51 0.05 12.2
SC11-024 192.30 195.52 3.22 10.6 0.81 0.04 67.8
SC11-026 128.34 133.76 5.42 17.8 1.55 0.06 12.7
and 147.76 151.76 4.00 13.1 1.92 0.06 17.5
SC11-027 76.20 83.65 7.45 24.4 2.52 0.16 10.3
and 100.88 103.83 2.95 9.7 3.32 0.18 6.0
SC11-028 144.07 148.21 4.14 13.6 2.78 0.10 22.0
and 159.72 161.31 1.59 5.2 1.24 0.02 11.0
SC11-029 63.98 73.00 9.02 29.6 2.66 0.15 13.5
and 85.75 88.76 3.01 9.9 2.99 0.13 8.6
SC11-030 115.50 127.00 11.50 37.7 2.05 0.14 8.5
SC11-031 93.00 103.60 10.60 34.8 2.05 0.11 8.1
SC11-032 103.02 116.77 13.75 45.1 1.64 0.14 11.8
SC11-033 202.07 205.50 3.43 11.3 1.87 0.12 31.0
(For previous Tintina Resources and historic results on the
Upper Copper Zone at Strawberry Butte please see News Releases
dated October 20, 2010; October 27, 2010; January 6, 2011; April
26, 2011, and May 4, 2011)
The Upper Copper Zone currently has an Inferred Resource
containing 7 MMT grading 2.4% Cu, 0.12% Co, and 12.3 g/tonne Ag
using a 1.5% Cu cut-off grade - see News Release dated January 6,
2011. Tintina Resources is completing 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. Drilling on the edges of the deposit continues in
order to determine the lateral extent of the deposit and is
expected to expand the currently defined resource. The Company is
also preparing an Inferred Resource estimate for the Lower Copper
Zone massive sulfide at Strawberry Butte, and has initiated
resource definition drilling on both the Lower Copper Zone and
Middle Copper Zone massive sulfides on the Strawberry East target
area where copper mineralization is associated with multiple
mineralized horizons. The Company expects this drilling to expand
the total resource base for the Sheep Creek property. The Company
has also initiated a Preliminary Economic Assessment on the UCZ 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, are focused on advancing the Sheep Creek Copper-Cobalt-Silver
property in Montana towards a production decision. 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.
About Sheep Creek
The Sheep Creek Project is located approximately 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 12,225 acres of fee simple land 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 associated cobalt and silver
mineralization in multiple bedded massive pyrite horizons in the
lower part of the Precambrian Belt Supergroup. This same
stratigraphic unit hosts the famous Sullivan zinc-lead-silver
deposit in southeastern B.C. In a short period of time the Company
has been able to establish an Inferred Resource on the Upper Copper
Zone at Strawberry Butte (please see the Company's News Release
dated January 6, 2011) and continues to evaluate four additional
known tabular mineralized zones along a four kilometer strike
length. The Company has two drill rigs on site and will continue
drilling over the course of 2011.
To see Image 1 and 2, please visit the following link:
http://media3.marketwire.com/docs/tau621i.pdf.
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.
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: Tintina Resources Inc. Philippe Van Nieuwenhuyse (604)
628-1162 ext. 236 (604) 628-1163 (FAX)
philvann@tintinaresources.com www.tintinaresources.com
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