TintinaGold Resources Inc.
TSX VENTURE : TAU

TintinaGold Resources Inc.

April 26, 2011 09:01 ET

TintinaGold Intersects 13.05 Meters Grading 3.18% Cu as it Continues to Expand Resources at Sheep Creek Copper-Cobalt-Silver Property, Montana, USA

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 26, 2011) - TintinaGold Resources Inc. ("TintinaGold" or the "Company") (TSX VENTURE:TAU) is pleased to announce that it has received additional assay results from the 2011 drill program on its Sheep Creek Copper-Cobalt-Silver property ("Sheep Creek") located in Central Montana, USA (see Figures 1 and 2).

Highlights from the Strawberry Butte mineralized target area:

  • Drill hole SC11-011 encountered a 13.05 meter thick intercept grading 3.18% Cu, 0.02% Co and 2.5 g/tonne Ag in the Lower Copper Zone
  • Drill hole SC11-015 encountered a 7.30 meter thick intercept grading 3.14% Cu, 0.04% Co and 6.1 g/tonne Ag in the Lower Copper Zone
  • Drill hole SC11-013 encountered a 15.20 meter thick intercept grading 1.97% Cu, 0.13% Co, and 13.8 g/tonne Ag in the Upper Copper Zone

The Company has received results from drill holes SC11-007, SC11-008, SC11-009, SC11-010, SC11-011, SC11-012, SC11-013, SC11-015 & SC11-023 (see Table 1 below). These holes were designed to further define the edges of mineralization, and determine continuity of the Lower Copper Zone in the Strawberry Butte mineralized area in preparation of a new resource update. These Lower Copper Zone drill results will provide more accurate information for modeling of an inferred resource estimate for the Lower Copper Zone, expected by end of Q2. In addition, Upper Copper Zone intersections in holes SC11-007 and SC11-013 are the first results from a 34 hole in-fill drilling program recently completed on the Upper Copper Zone in the Strawberry Butte area. The Company has also engaged Wardrop to complete a Preliminary Economic Assessment on the Upper Copper Zone at Strawberry Butte within the Sheep Creek Project which it expects to have completed in the second half of the year.

Table 1 – Significant Strawberry Butte Drill Intersections:
HoleFrom
(m)
To
(m)
Width
(m)
Width
(ft)
Cu
%
Co
%
Ag
g/t
Au
g/t
Upper Copper
Zone
DDH SC11-00738.1541.903.7512.31.710.1216.70.01
DDH SC11-013*50.9966.1915.2049.871.970.1313.80.01
*Includes
DDH SC11-013

50.99

53.96

2.97

9.74

5.41

0.22

10.9

0.01
Lower Copper
Zone
DDH SC11-007409.66411.241.585.181.380.0093.2pending
DDH SC11-008353.38356.212.839.282.180.012.4pending
DDH SC11-009415.42416.671.254.11.350.0011.0<0.01
DDH SC10-010456.80458.751.956.40.790.0421.10.05
DDH SC11-011409.65422.7013.0542.813.180.022.50.35
DDH SC11-012363.61369.616.0019.691.580.023.30.08
DDH SC11-012383.67386.502.839.282.510.126.51.28
DDH SC11-015449.29456.597.3022.953.140.046.10.46
DDH SC11-023421.35423.001.655.410.130.519.01.28

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 TintinaGold

TintinaGold is a growth company focused on the exploration and development of precious and base metal properties around the world. The Company's experienced Board of Directors and Management Team, having completed the verification drilling on the Sheep Creek copper-cobalt massive sulfide property in Montana, U.S.A., are focused on additional exploration drilling and advancing the project towards production. 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.

The growth and success of the Company comes from TintinaGold's experienced exploration team and its ability to forge collaborative relationships and partnerships with Native Alaskan and First Nations groups, local communities, major mining companies and regulators.

About Sheep Creek

The Sheep Creek deposit is located about 27 km north of White Sulphur Springs along a well maintained gravel road and within two miles of U.S. Highway 89. The Sheep Creek property consists of approximately 5,775 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 cobalt in multiple bedded pyrite zones in the lower part of the Precambrian Belt Supergroup; this same stratigraphic unit hosts the Sullivan zinc-lead-silver deposit in southeastern B.C. The Company, in a remarkably short period of time, has been able to produce an Inferred Resource on the Upper Copper Zone (please see the Company's Press Release dated January 6, 2011).

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, any person in the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

ON BEHALF OF THE BOARD OF DIRECTORS

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 TintinaGold'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 TintinaGold'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. TintinaGold 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.

To view "Image 1 - Sheep Creek Project, Montana, USA", please visit the following link:

http://media3.marketwire.com/docs/tau_fg1_426.jpg

To view "Image 2 - Plan Map of Sheep Creek Strawberry Butte Mineralized Target, Montana, USA", please visit the following link:

http://media3.marketwire.com/docs/tau_fg2_426.jpg

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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