Tintina Resources Inc. ("Tintina" or the "Company") (TSX VENTURE:
TAU) is pleased to announce that it has received assay results for
an additional 12 drill holes from this year's infill and expansion
drill program on its Sheep Creek Copper-Cobalt-Silver property
("Sheep Creek") located in Central Montana, USA (see Figure 1).
To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/tau830_Fig1.pdf.
Highlights from the Upper Copper Zone in-fill & expansion
drill program at Strawberry Butte:
-- Drill hole SC11-055 drilled 20.22 meters (m) grading 2.13% Copper (Cu),
0.07% Cobalt (Co) and 15.1 g/tonne (t) Silver (Ag)
-- Drill hole SC11-060 drilled 27.78 m grading 2.64% Cu, 0.06% Co, and 19.9
g/t Ag
-- Drill hole SC11-064 drilled 8.42 m grading 4.80% Cu, 0.12% Co and 53.6
g/t Ag
-- Drill hole SC11-072 drilled 21.03 m grading 2.70% Cu, 0.15% Co, and 15.7
g/t Ag
The Company continues to receive assay results from an in-fill
and expansion drilling program of the Upper Copper Zone (UCZ)
Inferred Resource at Strawberry Butte. Results below are for 12
holes, and assays for 11 additional holes are pending. The results
of this drill campaign will be used to upgrade and expand the UCZ
Inferred Resource to Measured and Indicated status, expected late
this year. In particular, 8 of the drill holes (indicated by (i))
lie outside the January 6, 2011 Inferred Resource boundary and may
expand the resource. The Company also continues drilling with two
drill rigs in the Strawberry East target area. 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 and other zones in the target area.
Table 1 - UCZ at Strawberry Butte Drill Intersections
Hole From (m) To (m) Width (m) Width (ft) Cu % Co % Ag (g/t)
(i)SC11-052 108.16 115.95 7.79 25.6 2.95 0.08 11.7
(i)SC11-053 96.58 101.85 5.27 17.3 2.26 0.04 36.8
(i)SC11-053 108.80 111.53 2.73 9.0 3.07 0.05 21.0
(i)SC11-054 95.06 98.06 3.00 9.8 2.21 0.08 47.8
(i)SC11-055 103.70 123.92 20.22 66.3 2.13 0.07 15.1
(i)SC11-056 106.22 112.22 6.00 19.7 1.02 0.04 32.5
(i)SC11-060 121.40 149.18 27.78 91.1 2.64 0.06 19.9
SC11-061 157.75 165.92 8.17 26.8 2.09 0.14 18.2
SC11-062 161.49 168.63 7.14 23.4 2.92 0.14 43.9
(i)SC11-063 123.00 131.10 8.10 26.6 0.91 0.04 16.8
SC11-064 107.58 116.00 8.42 27.6 4.80 0.12 53.6
SC11-066 156.09 161.10 5.01 16.4 3.26 0.17 17.2
(i)SC11-072 110.97 132.00 21.03 69.0 2.70 0.15 15.7
For previous Tintina and historic results at Sheep Creek please
see News Releases dated October 20, 2010; October 27, 2010; January
6, 2011; April 26, 2011; May 4, 2011; June 21, 2011; June 28, 2011;
July 28th, 2011; and August 17, 2011. Holes with an '(i)' lie
outside the January 6, 2011 Inferred Resource boundary and may
expand the resource.
The UCZ at Strawberry Butte currently has an Inferred Resource
containing 366 million pounds of copper in 7 MMT grading 2.4% Cu,
0.12% Co, and 12.3 g/t 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 continues collecting environmental baseline
information in preparation for an environmental assessment report
and a permit application for an exploration decline.
The Company has also completed an Inferred Resource estimate for
the Lower Copper Zone massive sulfide at Strawberry Butte
containing 255 million pounds of copper in 2.5 MMT grading 4.71%
Cu, 0.06% Co, and 5.1 g/t Ag, and 0.35 g/t Au using a 1.5% cutoff
grade - see news release dated August 17, 2011. Presently, the
Company is carrying out resource definition drilling on both the
Lower and Middle Copper Zones 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 Inc. 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
Inferred Resources on the Upper & Lower Copper Zones at
Strawberry Butte (please see Company News Releases dated January 6,
2011 & August 17, 2011). The Company continues to evaluate
several 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.
Tintina is preparing an advanced underground exploration
proposal which includes an evaluation decline and ancillary
facilities, all located on private land in Meagher County, for
presentation to the State's appropriate authorities.
About Mining in Montana
Montana has been known as a mining state for a well over 100
years. Today, more than two dozen mining operations are active
making mining a cornerstone contributor to the State's GDP. Tintina
has met with State regulators and looks forward to presenting the
Sheep Creek project, as an underground mine with a small footprint
located on private land. The project continues to benefit from
broad local community support.
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 Resource'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 Resource'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
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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