Tintina Resources Inc. Provides Black Butte Copper Project Update and Announces Creation of a New Project Website
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 25, 2016) - Tintina Resources Inc. (TSX VENTURE:TAU)(OTCQX:TINTF) ("Tintina" or the "Company") is pleased to give an update on the Black Butte Project and announce our new website focusing on development of the Johnny Lee copper deposit, one of the world's highest grade copper deposits.
The website, www.blackbuttecopper.com, includes details of the underground mining project such as plans for the underground workings, surface sites, closure, and complete reclamation. The site includes an overview of measures for environmental protection, explains our commitment to the community and hosts an information center including a transparency library. It also highlights several videos explaining the project including a 3D animation showing what the site will look like before and during mining operations and after reclamation.
The Montana Department of Environmental Quality (DEQ) is currently evaluating Tintina's application for a mine operating permit for 'Completeness and Compliance'. Once the DEQ finds the application 'complete and compliant', the DEQ will select an independent third party to conduct a full Environmental Impact Study. An opportunity for public review and comment will follow the study.
Bruce Hooper, CEO stated, "We are diligently working with the DEQ to provide the information needed to make a determination of Completeness and Compliance. We encourage everyone to review the details and benefits of our proposal by visiting our new website and touring the project when traveling through White Sulphur Springs."
Jerry Zieg, VP of Exploration closed by stating, "I'm pleased to be able to share our new website with the public. This is our community's project as well, and we want to share with our neighbors our design for a mining operation which will excel in environmental protection while providing significant living wage jobs."
ABOUT BLACK BUTTE COPPER PROJECT
With a Measured and Indicated resource of 11.57 million tonnes with an average grade of 3.57%, the Black Butte Copper Project's Johnny Lee Deposit is one of the highest grade copper developments currently underway in the world. The Johnny Lee Deposit contains measured resources of 2.66 million tonnes with an average grade of 2.99% Cu for 175 Million lbs (79,534 tonnes) of copper and indicated resources of 8.91 million tonnes with an average grade of 3.74% Cu for 735 Million lbs (333,390 tonnes) of copper.
Readers are encouraged to review the Updated Technical Report and Preliminary Economic Assessment for the Black Butte Copper Project, Montana dated July 12, 2013 (the "PEA"), which is available on SEDAR, for additional information.
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 information" within the meaning of Canadian securities legislation, including statements regarding the Company's plans for advancing the Black Butte Copper Project, including plans for tailings and water management and the MOP application, resource estimates and expected outcomes. 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's plans for tailings and water management will be implemented as expected and will have the intended benefits, that the results of exploration and development activities are consistent with management's expectations and that the assumptions underlying mineral resource estimates are valid. 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 that results of exploration and development activities will not be consistent with management's expectations, the risk of unexpected variations in mineral resources, grade or recovery rates, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities and the operation of a producing mine. 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.
Cautionary Note Regarding the PEA: The 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, which discloses the basis for the preliminary economic assessment and the qualifications and assumptions made by the authors of the report.
Jerry Zieg, Vice President of Exploration for the Company is a Qualified Person for the purposes of NI 43-101 and has reviewed and approved the information of a scientific or technical nature contained in this news release.
Contact
Tintina Resources Inc.
Mr. Bruce Hooper
President and Chief Executive Officer
(604) 628-1162
info@tintinaresources.com
www.tintinaresources.com