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.
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.
For further information: Tintina Resources Inc., Mr. Bruce Hooper, President and Chief Executive Officer, (604) 628-1162, Email: [email protected]