Tintina Files Technical Report for Sheep Creek Project, Montana, USA
September 30 2011 - 7:44PM
Marketwired
Tintina Resources Inc. ("Tintina" or the "Company") (TSX
VENTURE:TAU)(OTCQX:TINTF) is pleased to announce that today it has
filed a National Instrument 43-101 compliant technical report (the
"Technical Report") for its Sheep Creek Copper-Cobalt-Silver-Gold
property located in central Montana. The report, entitled "Sheep
Creek Project, Meagher County, MT, September 2011 Mineral Resource
Update" and dated September 30, 2011, is available on the Company's
SEDAR profile at www.sedar.com.
The report discloses the following undiluted Sheep Creek
property inferred resource for the Upper Copper Zone (UCZ) and the
Lower Copper Zone (LCZ) using a 1.5% Cu cutoff:
---------------------------------------------------------------------------
Tonnes Cu Lbs Co Lbs Ag Ozs
Zone (000) Cu (%) Co (%) Ag (g/t) (millions) (millions) (millions)
---------------------------------------------------------------------------
UCZ 7,037 2.36 0.12 12.3 366 19 2.8
---------------------------------------------------------------------------
LCZ 2,462 4.71 0.06 5.1 256 3 0.4
---------------------------------------------------------------------------
Total 9,499 2.97 0.10 10.4 622 22 3.2
---------------------------------------------------------------------------
The cutoff grade was established by using a copper price of
US$2.75 per pound, a copper recovery of 84%, mining costs of
US$50/tonne, processing costs of US$16.00/tonne, G&A costs of
US$5.00/tonne and refining costs of US$5.53/tonne. Readers are
encouraged to read the technical report in its entirety. Mineral
Resources which are not Mineral Reserves do not have demonstrated
economic viability. Inferred Mineral Resources have a high degree
of uncertainty as to their existence, and a great uncertainty as to
their economic and legal feasibility. It cannot be assumed that all
or any part of an Inferred Resource will ever be upgraded to a
higher category.
There are no material differences between the mineral resources
disclosed on August 17, 2011 and the mineral resources described in
the Technical Report.
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 scientific and technical information
in this news release.
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 and CEO
This news release contains forward-looking statements including
statements regarding a resource estimate for the Company's Sheep
Creek property. In making the forward-looking statements in this
release, the Company has applied certain factors and assumptions
that are based on information currently available to the Company as
well as the Company's current beliefs and assumptions made by the
Company, including that the key assumptions and parameters on which
such resource estimate are based are reasonable. Although the
Company considers these assumptions to be reasonable based on
information currently available to it, they may prove to be
incorrect, and the forward-looking statements in this release are
subject to numerous risks, uncertainties and other factors that may
cause future results to differ materially from those expressed or
implied in such forward-looking statements. Such risk factors may
include, among others, that data and assumptions underlying the
resource estimate may prove to be inaccurate, incomplete or to have
been incorrectly interpreted and the general risk of unexpected
variations in mineral resources and grade or recovery rates. The
Company 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.comwww.tintinaresources.com
Common Stock (TSXV:TAU)
Historical Stock Chart
From Feb 2025 to Mar 2025
Common Stock (TSXV:TAU)
Historical Stock Chart
From Mar 2024 to Mar 2025
