Tintina Resources Inc. ("Tintina" or the "Company") (TSX
VENTURE:TAU)(OTCQX:TINTF) is pleased to announce that it has
received assay results for an additional seven drill holes from
this year's infill drill program on its Sheep Creek
Copper(Cu)-Cobalt(Co)-Silver(Ag) property ("Sheep Creek") located
in Central Montana, USA (see Figure 1).
Highlights from Upper Copper Zone in-fill drill program at
Strawberry Butte:
-- Drill hole SC11-068 drilled 29.35 meters(m) grading 2.13% Cu, 0.09% Co
and 13.8 g/tonne(g/t) Ag with 18.68 meters(m) grading 2.91% Cu, 0.11%
Co, and 14.4 g/tonne (g/t) Ag
-- Drill hole SC11-069 drilled 11.74 m grading 1.59% Cu, 0.05% Co and 15.4
g/t Ag, with 6.69 meters grading 2.32% Cu, 0.07% Co, and 13.9 g/t Ag
-- Drill hole SC11-070 drilled 37.37 m grading 1.60% Cu, 0.06% Co, and 21.1
g/t Ag, with 10.61 meters grading 2.11% Cu, 0.08% Co and 12.0 g/t Ag
These results, together with results released previously, show
that significant thicknesses of high grade copper mineralization
lay outside the Inferred Resource boundary of the estimate released
in January, 2011. These assays complete those the Company will use
to calculate an Indicated Resource estimation from our present
Upper Copper Zone Inferred Resource. The Company continues drilling
with three 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 - Upper Copper Zone Drill Intersections, Strawberry Butte target
area
Hole From (m) To (m) Width (m) Width (ft) Cu % Co % Ag (g/t)
----------------------------------------------------------------------------
(i)SC11-065 145.09 145.39 0.30 1.0 1.55 0.01 25.0
(i)SC11-067 134.30 139.04 4.74 15.6 0.88 0.05 14.4
(i)SC11-068 109.75 139.10 29.35 96.3 2.04 0.09 13.8
(i)Including 109.75 128.43 18.68 61.3 2.91 0.11 14.4
(i)SC11-069 119.40 131.14 11.74 38.6 1.59 0.05 15.4
(i)Including 122.45 129.14 6.69 22.0 2.32 0.07 13.9
(i)SC11-070 122.73 159.90 37.17 121.9 1.60 0.06 21.1
(i)Including 124.73 135.34 10.61 34.8 2.11 0.08 12.0
(i)SC11-071 134.03 137.60 3.57 11.7 1.27 0.02 20.4
SC11-074 187.90 190.85 2.95 9.7 1.70 0.07 51.4
(For previous Tintina Resources 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; August 17, 2011; and August 30,
2011. Holes with an '(i)' lie outside the January 6, 2011 Inferred
Resource boundary and may expand the resource.)
As disclosed on January 6, 2011, and on August 17, 2011 the
following undiluted Sheep Creek property Inferred Resources for the
Upper Copper Zone (UCZ) and the Lower Copper Zone (LCZ) using a
1.5% Cu cutoff are tabled below:
----------------------------------------------------------------------------
Tonnes Cu Co Ag Cu lbs Co lbs Ag ozs
Zone (000) (%) (%) (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
----------------------------------------------------------------------------
Presently the Company is carrying out 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 Resources Inc.
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
To view the figures associated with this release, please visit
the following link:
http://media3.marketwire.com/docs/tintinmaps104.pdf
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 604.628.1163
(FAX)philvann@tintinaresources.comwww.tintinaresources.com
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