Tintina Resources' Black Butte Copper Project Forges Ahead
07 Abril 2014 - 10:30AM
Marketwired
Tintina Resources' Black Butte Copper Project Forges Ahead
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 7, 2014) -
Tintina Resources Inc. ("Tintina" or the "Company")
(TSX-VENTURE:TAU)(OTCQX:TINTF) announces that it intends to submit
an application for a Mine Operating Permit (MOP) to the Montana
Department of Environmental Quality (DEQ). Tintina has elected to
withdraw its request to construct an exploration decline under an
amendment to its exploration license, and determined that it can
gain the necessary baseline information to support a feasibility
study and Operating Permit application with less invasive drilling
operations during exploration. Submission of the MOP application
will initiate the Environmental Impact Study (EIS) process for the
entire project.
Bob Jacko, VP of Operations states, "The DEQ did a very good job
developing the Environmental Assessment of the proposed exploration
permit amendment. We believe this informative document will be
extremely helpful when preparing for our Mine Operating
Permit."
This decision will avoid the project delay and costs associated
with litigating the complaint filed in Montana district court,
naming both DEQ and Tintina as defendants, challenging DEQ's
decision to allow an amendment to Tintina's exploration license
(see press release March 17, 2014). The Company, after reviewing
the complaint with its litigation counsel, believes it is without
merit. However, the time and resources anticipated to be required
to defeat the complaint led to the decision to move ahead with the
MOP.
Jerry Zieg, VP of Exploration said, "We believe in the Black
Butte Project and we believe that gathering information through
additional drilling rather than from an exploration decline is a
better option than potentially lengthy litigation. Tintina remains
committed to implementing environmental safeguards and protecting
the environment while providing 200 full time jobs in Meagher
County. Tintina pledges continued transparency and public
involvement in our activities. We are focused and committed to
protecting the surface and groundwaters of the Sheep Creek drainage
basin."
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"
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. 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.
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.
Tintina Resources Inc.Wylie HuiChief Financial Officer(604)
628-1162info@tintinaresources.comwww.tintinaresources.com
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