VANCOUVER, Dec. 16, 2015 /CNW/ - Tintina Resources Inc.
("Tintina" or the "Company") (TSX.V:"TAU"; OTCQX: "TINTF") is
pleased to announce submission of a Mine Operating Permit ("MOP")
application for the Johnny Lee copper deposit at its flagship Black
Butte Copper Project to the Montana Department of Environmental
Quality ("DEQ"). The application is a comprehensive document
detailing the development plan for this high grade project while
safeguarding the environment.
The MOP application includes detailed studies completed by third
party consultants outlining a mining proposal for the Johnny Lee
deposit including plans for underground, surface facilities,
closure, and reclamation. The Company provides explanations
of the proposal on its website (www.tintinaresources.com)
along with a 3D animation of the planned project showing what the
site will look like during mining operations as well as after
reclamation. (https://youtu.be/Sz8QKwyF40E)
Tintina is proud to present a mine design which is based on
thorough investigations and four years of high quality baseline
studies. The Black Butte Copper project has the potential to be the
largest employer in Meagher County
and provide a significant economic boost to all of Montana, while effectively protecting the
local watershed. The MOP application includes a Cemented Tailings
Facility ("CTF") design that is an innovative use of known
technologies which, along with the a reverse osmosis water
treatment plant, is designed to protect all surface and ground
water by meeting Montana's strict
non-degradation water standards for industrial water use. Its
small environmental footprint, location close to infrastructure,
and a skilled local work force enhance the high quality of the
project.
The MOP application will be vetted through a process of
Completeness and Compliance with the Montana DEQ until the
department deems the application complete and ready for an
independent third party Environmental Impact Study.
Jerry Zieg, VP of Exploration
stated, "We are designing a mining operation which we feel will be
best-in-class with respect to protecting the environment, while
providing a significant economic opportunity for Meagher County and the surrounding area."
Bruce Hooper, CEO closed by
stating, "Tintina has succeeded in producing a high quality permit
application that safeguards the environment. This is all
possible due to the exceptional copper grade and excellent location
of the Black Butte Copper Project. We encourage everyone to
review the details and benefits of our proposal by visiting our
websites and touring the project."
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 (333,234 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.
QUALIFIED PERSONS
Jerry Zieg, Vice President of
Exploration for the Company is a Qualified Person for the purposes
of National Instrument 43-101 and has reviewed, approved and
verified the information of a scientific nature contained in this
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 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 and Forward-Looking
Statements: 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.
SOURCE Tintina Resources Inc.
