Tintina Resources Inc.

Tintina Resources Inc.

July 13, 2011 09:00 ET

Tintina Resources Inc.: New Copper Discovery from the Upper Copper Zone at Strawberry East Target, Sheep Creek Copper-Cobalt-Silver Property, Montana

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2011) - Tintina Resources Inc. ("Tintina" or the "Company") (TSX VENTURE:TAU) is pleased to announce that it has received additional assay results for a further four drill-holes from this year's program on its Sheep Creek Copper-Cobalt-Silver property ("Sheep Creek") located in Central Montana, USA (To view Images 1,2 & 3, please visit the following link: http://media3.marketwire.com/docs/tau713i.pdf).

Upper Copper Zone (UCZ) at Strawberry East:

  • Drill-hole SC11-049 intersected 7.19 meters (m) grading 2.22% Copper (Cu), 0.08% Cobalt (Co), and 12.1g/tonne (t) Silver (Ag).

Highlights from Upper Copper Zone in-fill drill program at Strawberry Butte:

  • Drill-hole SC11-045 intersected 3.10 m grading 2.13% Cu, 0.03% Co and 9.2g/t Ag
  • Drill-hole SC11-046 intersected 24.39 m grading 2.20% Cu, 0.14% Co and 14.2g/t Ag
  • Drill-hole SC11-047 intersected 11.20 m grading 1.52% Cu, 0.11% Co, and 11.6 g/t Ag

The Company has also begun drilling with two drill rigs in the Strawberry East target area, a full two miles east of the Strawberry Butte mineralization. The purpose of this drilling is to gain enough additional data to calculate inferred resource estimates for the Lower and Middle Copper Zones, and to further investigate the UCZ as well as explore other potential zones. The first hole of the 2011 drill campaign in the Strawberry East area encountered significant copper mineralization in the UCZ, the first time this particular zone has produced ore grades and thicknesses of copper mineralization. In addition, hole SC11-049 encountered a thin zone of high grade copper mineralization in the Lower Copper Zone (LCZ) as well.

The Company has also completed in-fill and expansion drilling of the Upper Copper Zone (UCZ) massive sulfide on the Strawberry Butte target area where it has assays pending for 26 holes. The results of this drill campaign will be used to expand and upgrade the UCZ resource to Measured and Indicated status.

Table 1 –New Sheep Creek Drill Intersections
Hole From (m ) To (m ) Width(m ) Width (ft ) Cu % Co % Ag (g/t )
Upper Copper Zone, Strawberry East target area
SC11-049 277.10 284.29 7.19 23.6 2.22 0.08 12.1
within 264.76 284.29 19.53 64.1 1.65 0.12 10.5

Lower Copper Zone, Strawberry East target area
SC11-049 481.49 482.43 0.94 3.08 4.04 0.04 8.0
Upper Copper Zone, Strawberry Butte target area
SC11-045 119.20 122.30 3.10 10.2 2.13 0.03 9.2
SC11-046 98.47 122.86 24.39 80.0 2.20 0.14 14.2
SC11-047 121.82 133.02 11.20 36.7 1.52 0.11 11.6

(For previous Tintina Resources and historic results on the Upper Copper Zone at Strawberry Butte please see News Releases dated October 20, 2010; October 27, 2010; January 6, 2011; April 26, 2011; May 4, 2011; June 21, 2011 and June 28, 2011.)

The UCZ at the Strawberry Butte target area currently has an Inferred Resource containing 7 MMT grading 2.4% Cu, 0.12% Co, and 12.3 g/tonne Ag using a 1.5% Cu cut-off grade – see News Release dated January 6, 2011. The Company has initiated a Preliminary Economic Assessment on the UCZ to determine project economics and has started collecting environmental baseline information in preparation for an environmental assessment report and project permitting.

The Company is also preparing an initial Inferred Resource estimate for the Lower Copper Zone massive sulfide at Strawberry Butte, and has initiated resource definition drilling on both the Lower Copper Zone and Middle Copper Zone massive sulfides on the Strawberry East target area where copper mineralization is associated with multiple mineralized horizons. The new Upper Copper Zone mineralization on the Strawberry East target area will be followed up with subsequent drilling.

Jerry Zieg, Vice President of 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. Assays for this program have been completed by ALS Chemex including duplicates, standards, and blanks for QA/QC purposes.

About Tintina

Tintina Resources is a growth company focused on the exploration and development of base and precious metal properties around the world. The Company's experienced Board of Directors and Management Team are focused on advancing the Sheep Creek Cu-Co-Ag property in Montana towards a production decision. The Company is also exploring an impressive portfolio of gold and base metal projects in Alaska, including the Colorado Creek gold project located in southwest Alaska in the same region as the 40 million ounce Donlin Creek project.

About Sheep Creek

The Sheep Creek deposit is located approximately 17 miles north of White Sulphur Springs within two miles of U.S. Highway 89 along a well-maintained gravel road. The Sheep Creek property consists of approximately 12,225 acres of fee simple lands and mining claims in central Montana. The property contains sediment-hosted zones of massive sulfide mineralization originally explored by Cominco American Inc. and BHP during the 1980's and early 1990's. Historical drilling encountered significant zones of strata-bound copper sulfide with associated cobalt and silver mineralization in multiple bedded massive pyrite horizons in the lower part of the Precambrian Belt Supergroup. This same stratigraphic unit hosts the famous Sullivan zinc-lead-silver deposit in southeastern B.C. In a short period of time the Company has been able to establish an Inferred Resource on the Upper Copper Zone at Strawberry Butte (please see the Company's News Release dated January 6, 2011) and continues to evaluate four additional known tabular mineralized zones along a four kilometer strike length. The Company has two drill rigs on site and will continue drilling over the course of 2011.


Louis A. Lepry, Jr., 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 Sheep Creek property, 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 government or other regulatory approvals and any financing required 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, that the Company's exploration activities on the Sheep Creek property will not be affected by actions of environmental activists or other special interest groups 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 Tintina's operation as a mineral exploration company and the Sheep Creek property that may cause future results to differ materially from those expressed or implied in such forward-looking statements.Such uncertainties and risks 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 or inability to obtain required government or other regulatory approvals or financing, interference with Tintina's exploration activities by environmental activists or other special interest groups, inability to procure equipment and supplies in sufficient quantities and on a timely basis, 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. Tintina Resources Inc. 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.

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