Tintina Mines Limited (“Tintina” or the “Company”) (TSXV: TTS) is
pleased to announce that the Company has filed an initial Mineral
Resource Estimate (“MRE”) titled “NI 43-101 Independent Technical
Report, Mineral Resource Estimate for the Domeyko Sulfuros Project,
Atacama Region, Chile”.
Highlights
- Inferred resources: 320 Mt in the sulfide zone, with grades of
0.36% Cu and 0.26 ppm Au (Cueq: 0.51%).
- At the Dos Amigos target, the mineralization remains open to
the north and southeast. As a result, the full extent of the known
mineralization is still unclear. Further investigation is required
to assess the continuity of the high-grade zone.
- The project includes several porphyry copper-gold (Cu-Au)
targets located within a north-south-elongated hydrothermal
alteration zone measuring 6 x 1.5 km in surface dimensions. These
targets are peripherally associated with skarn, mantos, and breccia
pipe deposits.
Mr. Juan Enrique Rassmuss, Tintina’s President and Chairman,
comments, “We are delighted to announce the completion of our first
NI 43-101 compliant Mineral Resource Estimate for the (Cu-Au)
Domeyko Sulfuros Project. The outcomes of this initial estimate
mark a major step toward advancing the project as one of the best
Cu-Au assets in Chile.”
Domeyko Sulfuros Project - Mineral Resources Inventory
(January 2025) |
Target |
Classification(at 0.20% Cu cut-off) |
Tonnes(Mt) |
Grade |
Metal Contained |
Cueq(%) |
Cu(%) |
Au(ppm) |
Cu(Mt) |
Au(Moz) |
Dos Amigos |
Inferred |
320.60 |
0,51 |
0.36 |
0.26 |
1,16 |
2,62 |
Table 1: Mineral resources estimate for
the Dos Amigos Deposit at the Domeyko Sulfuros Project. The cut-off
used was 0.2% Cu. Extracted from NI 43-101 Independent Technical
Report, Mineral Resource Estimate for the Domeyko Sulfuros Project,
Atacama Region, Chile (SRK Consulting, January 2025).
The Technical Report has been prepared by SRK Consulting Chile
SpA (“SRK”) in accordance with National Instrument 43-101,
Standards of Disclosure for Mineral Projects (“NI 43-101”), and is
available electronically on SEDAR+ (www.sedarplus.ca) under TTS’s
issuer profile.
This NI 43-101 Independent Technical Report (January 2025)
provides a more comprehensive geological database than the previous
report and represents the first mineral resource estimate for the
project. Based on recent insights and with full financing secured,
a comprehensive work program is currently under development, which
includes technical studies and additional drilling, targeted for
completion in the first half of 2025. Results will be incorporated
into a Preliminary Economic Assessment (PEA), expected to be
published as part of a NI 43-101 Technical Report in the second
half of 2025.
“The Domeyko Sulfuros Project is a high-priority asset in the
company’s portfolio. We remain committed to maximizing shareholder
value by advancing its exploration and development, with the goal
of launching operations as soon as possible,” said Eugenio Ferrari,
Director and CEO of Tintina Mines.
Domeyko Sulfuros ProjectThe Domeyko Sulfuros
Project is an exploration property situated in the Atacama Region
of northern Chile. The project encompasses 75 mining concessions,
covering an area of 10,056 hectares within the Dos Amigos mining
district.
Strategically positioned 53 kilometers south of Vallenar, the
property offers exceptional accessibility, located just 60
kilometers from the Pacific coast and less than one kilometer from
the Pan-American Highway, and adjacent to the town of Domeyko. This
advantageous positioning significantly enhances its logistical
potential. Its low-altitude setting, combined with excellent
connectivity and access to critical infrastructure such as
electrical power, water, and logistical support, provides
substantial operational advantages.
From 1997 to 2015, the enrichment blanket at the Dos Amigos
target was the focus of open-pit mining operations. During this
period, approximately 12 million tonnes of ore, with copper grades
exceeding 0.85% (predominantly secondary sulfides), were extracted
and processed using heap leaching and solvent
extraction-electrowinning (SX/EW) methods at an on-site
facility.
In February 2024, Tintina completed a NI 43-101 Independent
Technical Report for the Domeyko Sulfuros Project (see news release
dated February 15, 2024), providing a comprehensive overview of the
technical characteristics of the property.
Qualified PersonsThe scientific and technical
information and the mineral resources estimate results described in
this news release has been reviewed and approved by Joled Nur
Paredes (CCCRRM, No. 181) Principal Mining Engineer, and Sophia
Bascuñán Moraga (MAIG, No. 9289) Senior Geologist, both of SRK
Consulting Chile SpA. They are independent of Tintina Mines and are
“qualified persons” for the purposes of NI 43-101.
QP verification included a site visit to the project to inspect
site geology, mineralized core, logging, density measurement and
sampling procedures, and a review of the control sample results
used to assess laboratory assay quality. In addition, the
digitalization procedures of the exploration database and the
validation process of historical drilling database results have
been compared against original paper and digital records.
About SRK Consulting SpAEstablished in 1994,
SRK Consulting Chile SpA is a distinguished consulting firm
renowned for its expertise in the mining sector. As the oldest SRK
office in South America, it offers a comprehensive suite of
services ranging from geotechnical and environmental assessments to
mine closure planning, contributing to the success of many
companies in Chile.
Technical ReportThe Technical Report “NI 43-101
Independent Technical Report Mineral Resource Estimate for the
Domeyko Sulfuros Project, Atacama Region, Chile” with effective
date January 15, 2025 supports the Mineral Resources Estimate on
the Domeyko Sulfuros Project. Reference should be made to the full
text of the Technical Report for the assumptions, qualifications
and limitations set forth therein, a copy of which is available on
SEDAR+ (www.sedarplus.ca) under Tintina Mines Limited’s issuer
profile.
On Behalf of the Board of Directors,Eugenio Ferrari, Director
and Chief Executive OfficerTintina Mines Limited
About Tintina Mines LimitedTintina Mines is a
Canadian-based company with over two decades of experience in the
junior mining sector, focused in the acquisition, exploration, and
development of base and precious metal properties in South America
and Canada. Recently, Tintina expanded its portfolio with the
addition of five new projects in Chile, following the acquisition
of a majority stake in Andean Belt Resources. Tintina is committed
to advancing the exploration and development of the copper-gold
(Cu-Au) Domeyko Sulfuros Project in the Atacama Region of northern
Chile. Tintina Mines Limited’s common shares are listed on the TSXV
under the symbol TTS.
For further information about Tintina Mines Ltd., please
contact:
Mr. Jing Peng 82 Richmond Street East, Toronto, Ontario, M5C 1P1
- CANADAEmail: jpeng@marrellisupport.ca
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward-looking StatementsThis press release contains
forward-looking statements. Forward-looking statements involve
known and unknown risks, uncertainties and assumptions and
accordingly, actual results and future events could differ
materially from those expressed or implied in such statements. You
are hence cautioned not to place undue reliance on forward-looking
statements. All statements other than statements of present or
historical fact are forward-looking statements. Forward-looking
statements include words or expressions such as “proposed”, “will”,
“subject to”, “near future”, “in the event”, “would”, “expect”,
“prepared to” and other similar words or expressions. The
forward-looking statements in this press release include, but are
not limited to, statements regarding the Company’s future
operational goals and strategies. Where the Company expresses or
implies an expectation or belief as to future events or results,
such expectation or belief is based on assumptions made in good
faith and believed to have a reasonable basis. Such assumptions
include, without limitation: that the Company will be able to
execute on its intended business plans and strategies; that the
Company will be able to conduct its intended exploration plans on
its recently-acquired property; and that the Company will be able
to repay existing debt on the terms described herein or at all.
Factors that could cause future results or events to differ
materially from current expectations expressed or implied by the
forward-looking statements include: general business, economic,
competitive, political and social uncertainties; the state of
capital markets; failure to realize the anticipated benefits of the
recent property acquisition described herein; risks related to the
mining industry generally; other unforeseen events, developments,
or factors causing any of the aforesaid expectations, assumptions,
and other factors ultimately being inaccurate or irrelevant; and
any risks associated with the ongoing COVID-19 pandemic. You can
find further information with respect to these and other risks in
filings made with the Canadian securities regulatory authorities
that are available at www.sedarplus.ca. The Company disclaims any
obligation to update or revise these forward-looking statements,
except as required by applicable law.
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