TintinaGold Drills 46.6 Meters Thick Cu-Co-Ag Zone on Its Sheep Creek Property, Montana, USA
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 12, 2011) - TintinaGold Resources Inc. (“TintinaGold” or the “Company”) (TSX VENTURE:TAU) is gratified to make known which it has reliable the participation of a tall class Middle Copper Zone on the Sheep Creek Copper-Cobalt-Silver skill (“Sheep Creek”) located in Central Montana, USA (see Figure 1).
Highlights:
Drill hole SC10-006 encounters 46.6 meters grading 2.56% Cu and 0.11% Co and 13.5 g/tonne Ag in the Strawberry East mineralized area.
The Company has perceived primary formula from cavalcade hole SC10-006 (see Table 1, below). The cavalcade hole intersected 2.56% Copper; 0.11% Cobalt and 13.5 g/tonne Silver in a Middle Sulfide Zone (from 384.02 meters to 430.64 meters) at Strawberry East aim area. The Strawberry East aim area is located 2.5 kilometers southeast of the Strawberry Butte where the Company has not long ago finished a NI 43-101 Inferred Resource guess containing 366 million pounds of copper. (See News Release antiquated January 6, 2011)
The Middle Copper Zone lies 50 meters stratigraphically next the Upper Sulfide Zone in the Strawberry East aim area (see Figure 3) and consists of silicified breccias, chalcopyrite, and pyrite. SC10-006 additionally upheld by the Upper Copper Zone which contained underling mercantile quantities of copper, and the Lower Copper Zone which contained poignant copper mineralization over 5.65 meters and for which assays have been pending. Both the Middle and Lower Sulfide Zones sojourn open.
Table 1 – Strawberry East Mineralized Area Drill Intersections:
Hole
From (m)
To (m)
Width (m)
Width (ft)
Cu %
Co %
Ag (g/t)
Middle Copper Zone
SC10-006
384.02
430.64
46.62
152.95
2.56
0.11
13.5
The Strawberry East aim area hosts mixed sulfide horizons, together with the formerly identified Upper Copper Zone, Middle Copper Zone, Lower Copper Zone and dual one more sulfide zones referred to as the 0/I Copper Zone and the Ynu II Copper Zone. Further training in this area could supplement estimable Cu-Co-Ag apparatus to the rising Sheep Creek apparatus inventory.
Rick Van Nieuwenhuyse, Chairman of the Board, said: “This intersection obviously demonstrates which the Sheep Creek skill has poignant enlargement intensity good over the resources already identified at the Strawberry Butte target. The Strawberry East aim area could simply turn as critical as the Strawberry Butte aim area where we have been now formulation a winter infill cavalcade debate to ascent and enhance the not long ago voiced Inferred Resource to Measured and Indicated standing so which we can beginner a feasibility study. We have been additionally formulation to finish a apparatus guess on the Lower Zone intersections at Strawberry Butte. Meanwhile, the Company is now endeavour to finish a Preliminary Economic Assessment on the mineralization encountered to date. With the shoal inlet and scarcely prosaic geometry of the Upper Zone at Strawberry Butte, we hold which bulk mineable subterraneous mining could be in make use of with medium collateral costs and low handling costs since the properties glorious place relations to infrastructure. Our devise is to quick lane this tall peculiarity copper apparatus towards production.”
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 authorized the report of a systematic inlet contained in this headlines release. Assays for this module have been finished by ALS Chemex together with duplicates, standards, and blanks for QA/QC purposes.
Warrant Exercises
Further, TintinaGold is gratified to make known which the Company is in taking of $1,150,957 from the practice of 2,335,072 warrants exercisable at a cost of $0.4929 from dual aver holders. The warrants exercised enclosed 2,045,242 warrants hold by Electrum Strategic Metals, LLC. The Company intends to make use of the deduction essentially for the scrutiny of the Sheep Creek apparatus skill located in Montana, USA and for ubiquitous operative collateral and alternative corporate purposes.
About Sheep Creek
The Sheep Creek deposition sits twenty-seven km north of White Sulphur Springs along a confirmed sand highway and inside of dual miles of U.S. Highway 89. The Sheep Creek skill consists of we estimate 5,775 acres of cost – elementary lands and mining claims in executive Montana. The skill contains lees – hosted zones of large sulfide mineralization creatively explored by Cominco American Inc. and BHP during the 1980′s and early 1990′s. The training undertaken by Cominco American Inc. and BHP had encountered poignant zones of stratabound copper sulfide with cobalt in mixed bedded pyrite zones in the reduce partial of the Precambrian Belt Supergroup; this same stratigraphic territory hosts the Sullivan zinc-lead-silver deposit.
Exploration to date, conducted by TintinaGold has identified an unspoken apparatus of 7 MMT grading 2.4% Cu, 0.12% Co, and 12.3 g/tonne Ag at a 1.5% Cu cut-off class formed on an insincere copper cost of $2.50/lb, as reported in the Company’s headlines recover antiquated January 6, 2011.
About TintinaGold
TintinaGold is a expansion association focused on the scrutiny and growth of changed and bottom steel properties around the world. The Company’s gifted supervision group has fabricated an considerable portfolio of bullion and bottom steel projects in Alaska, together with the Colorado Creek bullion project, located in southwest Alaska we estimate 100 miles northwest of the 40 million unit Donlin Creek project, the Kugruk copper devise located 70 miles north of Nome in the northern Seward Peninsula, Alaska, and the Sheep Creek copper-cobalt skill in Montana. The Company, in a short duration of time, has successfully determined itself in multiform of the many inclusive vegetable belts in North America.
The Company, as voiced in the News Release antiquated Sep 22, 2010, move with the spin-out of the Colorado Creek vegetable scrutiny skill located in Alaska, U.S.A., to a brand brand brand brand new association underneath a orthodox devise of agreement (the “Arrangement”) in sequence to aspire to the origination of a association focused on changed metals.
Under the due conditions of the Arrangement, the shareholders of TintinaGold will keep their usual shares in TintinaGold and will be entitled to embrace one usual share of the brand brand brand brand new association for each share of TintinaGold hold on the jot down date for the Arrangement. The execution of the Arrangement will be subject, between alternative things, to TSX Venture Exchange, justice and shareholder approval.
Further sum per the Arrangement will be set out in an Information Circular which will be sent to shareholders in allege of the annual and special shareholders assembly which is approaching to be hold in Mar of 2011 to find capitulation for the Arrangement and slight annual business.
Website: www.tintinagold.com
ON BEHALF OF THE BOARD OF DIRECTORS
Raj Chowdhry, C.A., President & CEO
Cautionary Note Regarding Forward-Looking Statements: Certain avowal in this release, together with statements per the Company’s skeleton for and intentions with apply oneself to scrutiny of the Company’s Sheep Creek property, the due execution of a spin-out and the timing of a assembly of the shareholders of the Company, constitutes “forward-looking statements” inside of the definition of the United States Private Securities Litigation Reform Act of 1995 and Canadian bonds legislation. In creation the forward-looking statements in this release, the Company has practical sure factors and assumptions which the Company believes have been reasonable, together with which the Company is means to acquire any supervision or alternative regulatory approvals and any financing compulsory to finish the Company’s programmed scrutiny activities and the spin-out, which the Company is means to gain apparatus and reserve in enough quantities and on a timely basis, which the Company’s scrutiny activities on the Sheep Creek skill will not be influenced by actions of environmental activists or alternative special seductiveness groups, which tangible formula of scrutiny activities have been unchanging with management’s expectations and which the Company is means to acquire regulatory, shareholder and alternative compulsory approvals for the due spin-out contract and on a timely basis. However, the forward-looking statements in this recover have been theme to countless risks, uncertainties and alternative factors relating to TintinaGold’s operation as a vegetable scrutiny association and the Sheep Creek skill which might means destiny formula to talk about materially from those voiced or pragmatic in such forward-looking statements. Such uncertainties and risks include, between others, tangible formula of the Company’s scrutiny activities being opposite than those approaching by management, uncertainties concerned in the understand of training formula and geological tests, delays in obtaining or incapacity to acquire compulsory supervision or alternative regulatory approvals or financing, division with TintinaGold’s scrutiny activities by environmental activists or alternative special seductiveness groups, incapacity to gain apparatus and reserve in enough quantities and on a timely basis, apparatus breakdowns, bad continue and the timing of and success in completing the due spin-out, together with the timing and success in obtaining TSX Venture Exchange, justice and shareholder approvals. There can be no declaration which such statements will infer to be accurate, and tangible formula and destiny events could talk about materially from those expected in such statements. Readers have been cautioned not to place unjustified faith on forward-looking statements. TintinaGold does not intend, and specifically disclaims any goal or requisite to, refurbish or correct any forward-looking statements either as a outcome of brand brand brand brand new information, destiny events or otherwise, solely as compulsory by law.
To perspective Figure 1 – Sheep Creek, Montana, greatfully revisit the following link: http://media3.marketwire.com/docs/tau_0112_fig_1.pdf
To perspective Figure 2 – Historic cavalcade settlement and brand brand brand brand new drilling, Strawberry East area, Sheep Creek, Montana, greatfully revisit the following link: http://media3.marketwire.com/docs/tau_0112_fig_2.pdf
To perspective Figure 3 – Cross territory by Strawberry East area, Sheep Creek, Montana, greatfully revisit the following link: http://media3.marketwire.com/docs/tau_0112_fig_3.pdf
Neither the TSX Venture Exchange nor the Regulation Services Provider (as which tenure is tangible in the policies of the TSX Venture Exchange) accepts shortcoming for the endowment or correctness of this release.
