TintinaGold Begins Drilling Sheep Creek Copper-Cobalt Project
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/14/10 -- TintinaGold Resources Inc. ('TintinaGold' or 'the Company') (TSX VENTURE: TAU) is pleased to announce that it has commenced drilling on the Company's Sheep Creek copper-cobalt project located in central Montana.
Sheep Creek Drilling Program
The Company has mobilized a drill rig and crew to its 100%-owned Sheep Creek copper-cobalt project (the 'Property') located in central Montana, U.S.A. The drill program is expected to begin later this week. The company plans a 2,000 meter core drilling program at the Property this year. The current program will focus on testing stratigraphically controlled mineralization identified by previous workers.
The Sheep Creek Project lies approximately 20 miles north of the community of White Sulphur Springs, Montana, and consists of long term mining leases on approximately 4,714 acres of private ranch land. The Company acquired the Property in May, 2010. The property has gravel road access and is within 2 miles of an all-weather highway. The Property is also near a high voltage power line and is 40 miles from rail service. The Company hopes to quickly outline a significant copper-cobalt resource at Sheep Creek through verification of historic data and new drilling.
Copper-cobalt deposits at Sheep Creek occur in extensive shale-hosted massive and bedded sulfide zones. These sulfide zones contain copper, cobalt, and barite and occur at multiple levels throughout at least 750 meters of stratigraphy. Some zones show great lateral extent and some reach over 100 meters thick.
Jerry Zieg, TintinaGold's VP exploration stated, 'The copper-cobalt deposits at Sheep Creek occur in rocks of the Belt Supergroup, a middle Proterozoic age sedimentary basin. This is also the setting for other economically important metal deposits including the Sullivan Zn-Pb-Ag deposit, the Revett Cu-Ag deposits, and the Blackbird Cu-Co deposit.'
Jerry Zieg, Vice President 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.
About TintinaGold
TintinaGold is a growth company focused on the exploration and development of precious and base metals properties around the world. The Company's experienced management team has assembled an impressive portfolio of gold and base metal projects in Alaska, including the Colorado Creek gold project, located in southwest Alaska approximately 100 miles northwest of the 40 million ounce Donlin Creek project and the Kugruk copper project located 70 miles north of Nome in the northern Seward Peninsula, Alaska, and the Sheep Creek copper-cobalt property in Montana. The Company, in a short period of time, has successfully established itself in several of the most prolific mineral belts in North America.
ON BEHALF OF THE BOARD OF DIRECTORS
Raj Chowdhry, C.A., President & CEO
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 properties, 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 required government or other regulatory approvals and any required financing 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 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 TintinaGold's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks may 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 required government or other regulatory approvals or financing, inability to procure equipment and supplies in sufficient quantities and on a timely basis, the need for cooperation of First Nations groups, 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. TintinaGold 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:
TintinaGold Resources Inc.
Kelsey Chin
Direct Line: 604-628-1162
604-628-1163 (FAX)
KChin@tintinagold.com
www.tintinagold.com