Pre-Feasibility Study Underway at Tintina's Black Butte Project
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 28, 2015) - Tintina Resources Inc. ("Tintina" or the "Company") (TSX VENTURE:TAU)(OTCQX:TINTF) is pleased to announce the commencement of a pre-feasibility study at the Black Butte Copper Project, Montana, USA.
Tintina has recently commenced a pre-feasibility study for development of the Johnny Lee deposit. This work will define the optimal development scenario for an underground mine, plant site, infrastructure and environmental safety. The study will incorporate a thorough analysis of all aspects of the project and will incorporate information from extensive hydrological studies, water balance studies, fish and wildlife studies, as well general engineering studies, and will include a carefully considered closure plan.
The study will be compiled by a number of independent, highly reputable consultant groups from throughout North America with the leading engineering firm Tetra Tech co-ordinating the studies.
Mr. Bruce Hooper, CEO commented "We are very pleased to have appointed a high caliber team to rigourously evaluate the development of the Johnny Lee deposit. The pre-feasibility study will support an application for a Mine Operating Permit, which we anticipate completing in 2015."
Mr. Jerry Zieg, VP of Exploration added, "The participation of high quality groups at the pre-feasibility level will assist our continuing efforts to define a project that reflects the values of our community, which is critical to a successful project. These studies will bring us another step closer to bringing 200 family wage jobs to Meagher County."
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 and anticipated timelines for advancing the Black Butte Copper Project 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 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, that the pre-feasibility study and mine operating permit will be completed at the times and in the manner anticipated by management 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, that the pre-feasibility study and mine operating permit will not be completed at the times and in the manner anticipated by management 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.
Contact
Tintina Resources Inc.
Mr. Bruce Hooper
President and Chief Executive Officer
(604) 628-1162
info@tintinaresources.com