VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 23, 2014) - Tintina Resources Inc. ("Tintina" or the "Company") (TSX VENTURE:TAU)(TINTF) is pleased to announce the completion of its core drilling program at the Black Butte Copper Project.
The metallurgical drilling campaign has been completed with eleven holes drilled for 3,245 meters at the Johnny Lee Deposit. Five holes intersected the Lower Copper Zone and seven holes intersected the Upper Copper Zone. These intersections contain sufficient sample material to support the planned metallurgical test work and geotechnical analysis.
Geochemical analysis is underway and all assay results are pending. A program of metallurgical testwork will commence next year to help optimize copper recoveries, shown in the Updated Preliminary Economic Assessment ("Updated PEA") dated July 12, 2013 at 87%*.
Detailed geotechnical data has been collected and downhole geophysical logging with downhole acoustical televiewer imagery completed to assist with the mine design for both deposits.
Tintina is gathering information on the development of the Johnny Lee deposit for the completion of an application for a mine operating permit from the Montana Department of Environmental Quality.
Mr. Jerry Zieg, VP of Exploration, adds, "In 2014 we successfully completed pump testing to gain additional hydrologic information; completed a drilling program to collect more metallurgical samples; completed important baseline studies for fisheries, wildlife and wetlands; and perhaps most importantly gained Sandfire Resources as a strong new investor. All our 2014 work has gone very smoothly and we look forward to applying for a mine operating permit in 2015."
* The Updated PEA report is available on the Company's SEDAR profile at www.sedar.com and was announced in the Company's June 24, 2013 news release.
ABOUT TINTINA RESOURCES INC.
Tintina Resources Inc. is a growth company focused on the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper project in central Montana, USA. The Company is led by a highly experienced executive management team that has a successful track record of building shareholder value through exploration, corporate finance, and mine development.
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.
Cautionary Note Regarding the Updated PEA: The Updated PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Furthermore, there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Readers are encouraged to read the technical report.
Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities legislation, including statements regarding the Company's plans for applying for a Mine Operating Permit. 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 that the Company's exploration and development activities will not be affected by actions of environmental activists or other special interest groups. However, the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors relating to Tintina's operation as a mineral exploration and development company and the Black Butte Copper Project that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including the risks that results of exploration and development activities will not be consistent with management's expectations, that the Company is not able to obtain any government or other regulatory approvals and interference with the Company's exploration or development activities by environmental activists or other special interest groups. 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 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.