Tintina Resources Joins the OTCQX Marketplace
September 21 2011 - 9:30AM
Marketwired
Tintina Resources Inc. (TSX VENTURE: TAU)(OTCQX: TINTF) ("Tintina"
or the "Company") is pleased to announce Company's common shares
have been called to trade on OTC Markets Group's prestigious tier,
OTCQX International, in the United States under the ticker symbol
"TINTF". As part of the OTCQX listing process, Tintina Resources is
included in Standard & Poor's Corporation Records Listing
Program, a recognized securities manual in the U.S.
Rick Van Nieuwenhuyse, Chairman of Tintina Resources Inc.,
stated today that: "The OTCQX listing is a major step in our quest
to improve international recognition of the company with an aim to
improve the trading liquidity of our common shares. We feel that
the OTCXQ listing will greatly help Tintina communicate our story
of developing a high quality copper asset, located in the United
States, to a broader market."
The OTCXQ listing will give US investors a chance to invest in
one of the highest grade copper (Cu)-cobalt (Co)-silver (Ag)
projects in North America, the Sheep Creek Copper Project located
in central Montana, USA. The Company has been able to quickly
establish two National Instrument 43-101 Inferred Resources: the
UCZ at Strawberry Butte which 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; and the recently completed Inferred
Resource estimate for the Lower Copper Zone massive sulfide at
Strawberry Butte containing 256 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 Gold using
a 1.5% Cu cut-off grade - see news release dated August 17, 2011,
bringing the total copper pounds to 622 million pounds at an
average grade of 2.97% Cu. The Company is well on its way of
reaching its objective of a billion pounds of
Measured+Indicated+Inferred resources by the end of the year.
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 submitting a permit application
for an exploration decline.
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 three 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.
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. Tintina Resources currently has 142
million shares outstanding and 30 CAD million in cash on hand.
Website: www.tintinaresources.com
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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