Tintina Resources Inc.: In-Fill Drill Results Further Reinforce Continuity of Upper Copper Zone at Sheep Creek Copper-Cobalt-...
June 28 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 a further 11 drillholes from this year's drill program
on its Sheep Creek Copper-Cobalt-Silver property ("Sheep Creek")
located in Central Montana, USA (see Image 1 & 2:
http://media3.marketwire.com/docs/tau-maps-0628.pdf).
Highlights from Upper Copper Zone in-fill drill program at
Strawberry Butte:
-- Drill hole SC11-039 drilled 9.34 meters grading 2.38% Copper (Cu), 0.32%
Cobalt (Co) and 21.9 g/tonne Silver (Ag)
-- Drill hole SC11-041 drilled 10.13 meters grading 2.03% Cu, 0.11% Co and
11.4 g/tonne Ag and a second interval of 6.80 meters grading 2.45% Cu,
0.06% Co and 14.7 g/tonne Ag
-- Drill hole SC11-043 drilled 11.99 meters grading 1.51% Cu, 0.12% Co, and
24.0 g/tonne Ag
-- Drill hole SC11-044 drilled 6.30 meters grading 2.06% Cu, 0.13% Co, and
20.6 g/tonne Ag.
The Company has two drill rigs currently completing in-fill and
expansion drilling of the Upper Copper Zone (UCZ) massive sulfide
on the Strawberry Butte target area. In addition, the Company has
completed 25 drill holes for which assay results are pending and
plans an additional 6 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 further confirm the continuity of high copper grades
throughout the UCZ and continue to expand the known margins of the
deposit.
Table 1 - Strawberry Butte Upper Copper Zone Drill Intersections
Width
Hole From (m) To (m) Width(m) (ft) Cu % Co % Ag (g/t)
---------------------------------------------------------------------------
Upper Copper Zone
---------------------------------------------------------------------------
SC11-034 179.87 183.24 3.37 11.1 2.25 0.04 19.8
SC11-035 100.88 103.58 2.70 8.9 2.50 0.07 14.2
and 110.10 114.93 4.83 15.9 1.59 0.10 15.3
and 118.87 120.58 1.71 5.6 1.15 0.08 13.0
SC11-036 119.94 122.07 2.13 7.0 4.21 0.14 6.2
SC11-037 186.42 188.03 1.61 5.3 0.83 0.02 18.0
SC11-038 191.43 193.18 1.75 5.7 1.78 0.05 17.3
SC11-039 124.36 133.70 9.34 30.6 2.49 0.31 19.9
SC11-040 128.63 133.21 4.58 15.0 1.56 0.12 25.3
SC11-041 76.24 86.37 10.13 33.2 2.08 0.11 9.2
and 92.91 99.71 6.80 22.3 2.45 0.06 11.3
SC11-042 152.90 154.62 1.72 5.6 1.20 0.05 14.0
and 174.36 17.87 0.51 1.7 1.83 0.14 101.0
SC11-043 73.75 85.74 11.99 39.3 1.51 0.12 24.0
SC11-044 113.70 120.00 6.30 20.7 2.06 0.13 20.6
(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; May 4, 2011 and June 21,
2011.)
The UCZ 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. The Company
has 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.
The Company is also preparing an initial 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.
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 deposit 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 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 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.
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
Investor Relations (604) 628-1162 ext. 236 (604) 628-1163 (FAX)
philvann@tintinaresources.com www.tintinaresources.com
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