Tintina Resources Inc.: New Copper Discovery from the Upper Copper Zone at Strawberry East Target, Sheep Creek Copper-Cobalt-Sil
July 13 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 four drill-holes from this year's program on
its Sheep Creek Copper-Cobalt-Silver property ("Sheep Creek")
located in Central Montana, USA (To view Images 1,2 & 3, please
visit the following link:
http://media3.marketwire.com/docs/tau713i.pdf).
Upper Copper Zone (UCZ) at Strawberry East:
-- Drill-hole SC11-049 intersected 7.19 meters (m) grading 2.22% Copper
(Cu), 0.08% Cobalt (Co), and 12.1g/tonne (t) Silver (Ag).
Highlights from Upper Copper Zone in-fill drill program at
Strawberry Butte:
-- Drill-hole SC11-045 intersected 3.10 m grading 2.13% Cu, 0.03% Co and
9.2g/t Ag
-- Drill-hole SC11-046 intersected 24.39 m grading 2.20% Cu, 0.14% Co and
14.2g/t Ag
-- Drill-hole SC11-047 intersected 11.20 m grading 1.52% Cu, 0.11% Co, and
11.6 g/t Ag
The Company has also begun drilling with two drill rigs in the
Strawberry East target area, a full two miles east of the
Strawberry Butte mineralization. The purpose of this drilling is to
gain enough additional data to calculate inferred resource
estimates for the Lower and Middle Copper Zones, and to further
investigate the UCZ as well as explore other potential zones. The
first hole of the 2011 drill campaign in the Strawberry East area
encountered significant copper mineralization in the UCZ, the first
time this particular zone has produced ore grades and thicknesses
of copper mineralization. In addition, hole SC11-049 encountered a
thin zone of high grade copper mineralization in the Lower Copper
Zone (LCZ) as well.
The Company has also completed in-fill and expansion drilling of
the Upper Copper Zone (UCZ) massive sulfide on the Strawberry Butte
target area where it has assays pending for 26 holes. The results
of this drill campaign will be used to expand and upgrade the UCZ
resource to Measured and Indicated status.
Table 1 -New Sheep Creek Drill Intersections
Hole From (m) To (m) Width(m) Width (ft) Cu % Co % Ag (g/t)
----------------------------------------------------------------------------
Upper Copper Zone, Strawberry East target area
----------------------------------------------------------------------------
SC11-049 277.10 284.29 7.19 23.6 2.22 0.08 12.1
within 264.76 284.29 19.53 64.1 1.65 0.12 10.5
Lower Copper Zone, Strawberry East target area
----------------------------------------------------------------------------
SC11-049 481.49 482.43 0.94 3.08 4.04 0.04 8.0
Upper Copper Zone, Strawberry Butte target area
----------------------------------------------------------------------------
SC11-045 119.20 122.30 3.10 10.2 2.13 0.03 9.2
SC11-046 98.47 122.86 24.39 80.0 2.20 0.14 14.2
SC11-047 121.82 133.02 11.20 36.7 1.52 0.11 11.6
(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; June 21, 2011 and June 28, 2011.)
The UCZ at the Strawberry Butte target area 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. The new Upper Copper
Zone mineralization on the Strawberry East target area will be
followed up with subsequent drilling.
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 base and precious metal properties around the
world. The Company's experienced Board of Directors and Management
Team are focused on advancing the Sheep Creek Cu-Co-Ag 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 17 miles north
of White Sulphur Springs within two miles of U.S. Highway 89 along
a well-maintained gravel road. 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 (604) 628-1163 (FAX)
info@tintinaresources.com www.tintinaresources.com
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