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Tintina Resources Corp.

Publié le 07 août 2014

Tintina Resources Receives Approval for Pump Tests at Black Butte Copper Project

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Tintina Resources Receives Approval for Pump Tests at Black Butte Copper Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 7, 2014) - Tintina Resources Inc. ("Tintina" or the "Company") (TSX VENTURE:TAU)(TINTF) is pleased to announce that the Montana Department of Environmental Quality (DEQ) has granted Tintina permission to conduct aquifer pumping tests in three new wells recently drilled under existing exploration permits. Two 30-day pumping tests and one 24 hour test will collect groundwater data in the Johnny Lee Deposit area and provide additional baseline data on groundwater levels, rates of subsurface flow and hydraulic connectivity among shallow to deep aquifers. This information will be used to provide baseline water quality data required by the state for environmental permitting and ensure any future mine design will effectively evaluate water needs, and meet all requirements for water protection.

"We used very conservative assumptions based on expected groundwater pumping rates to estimate anticipated groundwater pumping rates. These assumptions have been incorporated into our exploration license amendment for the current pump tests. Since then, we have measured much lower sustainable pumping rates from our new test wells. These results indicate we will pump approximately 650,000 gallons during the upcoming tests. This is less than the volume of one Olympic-sized swimming pool and less than half of the original estimate," VP of Exploration Jerry Zieg stated. "We are pleased with the lower anticipated volume of water and the resulting low water application rate to be applied over a 12 acre area through a complex irrigation-type sprinkler arrangement, called a Land Application Disposal (LAD) system."

As a result of these lower than expected flow rates, Tintina plans to use tanks to store water pumped from the test wells, rather than the originally proposed lined pond. The stored water will be pumped from the tanks, through a pipeline to a location over 2,300 feet from the nearest creek before it is dispersed at a rate of less than 1/2 cup per square foot per day over the LAD area. The total volume expected to be applied to the LAD area is less than 30% of normal evaporation and plant uptake rates for the non-native grassland vegetation (similar to pasture grass) present in the area. Water will be applied once daily across the LAD area, for less than two hours, during the peak daily evaporation period, ensuring water from the pumping tests will either evaporate or be used by plants and will not infiltrate to groundwater or discharge to surface water.

Although a minute amount of arsenic is naturally present in the groundwater pumped from the test wells, the cumulative amount of arsenic to be added to the soils of the LAD area is calculated to be about 0.013 pounds per acre, which is 136 times less than the allowable EPA standard of 1.78 pounds arsenic per acre to soils.

"These are important water tests for us to complete so that we can collect groundwater information required for submission of a mine operating permit application for Black Butte as well as provide data to ensure the state and the public that all environmental laws regarding water quality and quantity will be met. Tintina is convinced that our LAD design is sound, and the state, by permitting this pumping test is apparently confident that no infiltration or discharge to groundwater or surface water will occur. Surface and ground water monitoring and frequent sampling required by the state will make sure we continually meet all required standards. Tintina is wholeheartedly committed to working with the DEQ and surrounding communities to ensure development of the best mine possible," concluded Chairman of the Board Rick Van Nieuwenhuyse.

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 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 advancing the Black Butte Copper Project and anticipated results. 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 results of exploration and development activities are consistent with management's expectations, that the Company is able to obtain any government or other regulatory approvals and any required financing 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 or required financing 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.

Lire la suite de l'article sur finance.yahoo.com

Tintina Resources Corp.

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CODE : TAU.V
ISIN : CA8876771020
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Tintina Resources est une société d’exploration minière d'or basée au Canada.

Ses principaux projets en exploration sont KUGRUK, OMALIK, BAIRD PROJECT, COLORADO CREEK, TINTINA et SHEEP CREEK (MONTANA) en USA et ARMSTRONG BROOK au Canada.

Tintina Resources est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 17,8 millions CA$ (16,8 millions US$, 12,3 millions €).

La valeur de son action a atteint son plus bas niveau récent le 18 septembre 2015 à 0,03 CA$, et son plus haut niveau récent le 04 février 2022 à 3,08 CA$.

Tintina Resources possède 323 540 000 actions en circulation.

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Rapports annuels de Tintina Resources Corp.
2007 Annual Statement
Attributions d'options de Tintina Resources Corp.
14/02/20113,100,000 options Granted to Directors, Officers, Employees ...
Nominations de Tintina Resources Corp.
23/10/2012Options Granted to Directors, Officers, Employees and Consul...
Projets de Tintina Resources Corp.
24/07/2013Files Updated Technical Report and Preliminary Economic Asse...
25/06/2013Reports Pre-Tax 30.5% IRR and $218M NPV for Updated Prelimin...
18/03/2013(Tintina)Director of Tintina Resources Inc. Resigns
25/05/2011(Tintina)Gold Resources Inc. to Change its Name to Tintina Resources ...
Communiqués de Presse de Tintina Resources Corp.
14/06/2016Tintina Grants Options
01/06/2016Tintina Resources Announces Appointment of New President and...
25/04/2016Tintina Resources Announces Results from Annual General Meet...
21/03/2016Tintina Resources Inc. provides update on Black Butte Copper...
16/12/2015Tintina Resources Submits Mine Operating Permit Application ...
20/10/20152015 Annual Report
17/03/2015commences geotechnical testwork at the Black Butte Copper Pr...
17/03/2015Tintina commences geotechnical testwork at the Black Butte C...
10/02/2015Tintina recovers high grade samples for metallurgical testwo...
10/02/2015recovers high grade samples for metallurgical testwork at th...
23/12/2014Tintina Resources Inc.: Metallurgical Drilling Completed
15/12/2014Tintina Grants Options to Directors, Officers, and Employees
05/11/2014Tintina Commences Drilling at the Black Butte Copper Project
10/10/2014Tintina Resources Announces New Director
25/09/2014Tintina Grants Options
12/09/2014Tintina Resources Closes Transaction with New Strategic Part...
02/09/2014Australian company to buy $16M in Tintina shares
28/08/2014Tintina Resources Welcomes New Strategic Partner at Black Bu...
07/08/2014Tintina Resources Receives Approval for Pump Tests at Black ...
30/06/2014Tintina Resources Closes Purchase of Additional Property at ...
23/05/2014Tintina Resources Acquires Additional Property at Black Butt...
28/04/2014Tintina Resources Inc.: Black Butte Copper Legal Complaint D...
23/04/2014Tintina Resources Announces Results from Annual General Meet...
07/04/2014Tintina Resources' Black Butte Copper Project Forges Ahead
30/09/2013Receives Strong Support from Montanans for Construction of B...
23/07/2013Obtains Preliminary Approval for an Exploration Decline Perm...
31/05/2013Updated PEA for the Black Butte Copper Project Nearing Compl...
25/04/2013Quantum Announces That It No Longer Intends to File Alternat...
25/04/2013Announces Results from Annual General Meeting
22/04/2013(Tintina)Chief Executive Officer & Founding Director of Tintina Resou...
19/03/2013Announces Over One Billion Pounds of High Grade Measured & I...
07/02/2013Drills 23.66 Meters Grading 5.45% Copper on Its 100% Owned H...
08/01/2013Applies for Exploration Decline Approval for Its 100% Owned ...
01/11/2012Appoints Bob Jacko as VP Operations and Launches Infill Dril...
17/07/2012(Tintina)Infographic=3A Tintina Resources Completes Preliminary Econo...
28/06/2012=3A June 2012 Update
13/07/2011New Copper Discovery from the Upper Copper Zone at Strawberr...
28/06/2011In-Fill Drill Results Further Reinforce Continuity of Upper ...
21/06/2011Reports In-Fill Drill Results Demonstrate Continuity of Uppe...
07/06/2011Intersects 4.5 Meters Grading 11.4% Copper in the Lower Copp...
25/05/2011to Change its Name to Tintin a Resources Inc. and Engages Na...
04/05/2011Receives Additional Drill Assays Confirming Continuity at It...
26/04/2011Intersects 13.05 Meters Grading 3.18% Cu as it Continues to ...
28/03/2011Completes $35.75 Million Private Placement; Provides Update ...
22/03/2011Closes Second Tranche of Private Placement With Two of Three...
15/03/2011Announces Results of Annual General and Special Meeting
22/02/2011Mobilizes Two Additional Diamond-Drill Rigs to Its Sheep Cre...
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