The Lowry Deposit (Fig. 2) lies 1.2 kilometres (0.75 miles) west of U.S. Highway 89 and consists of at least five mineralized copper zones. Of these, the Lowry Deposit Middle Zone is a tabular layer of copper-cobalt-silver mineralization reaching up to 79 metres (260 feet) thick with high concentrations of chalcopyrite (copper-iron sulfide) concentrated within fragmental, silicified and dolomitized shale and carbonate. The deposit dips gently to the south, lies at depths ranging from 265 to 718.5 metres (780 to 2,360 feet) below surface, and measures 600 metres (1,970 feet) by 300 metres (985 feet) in plan. The northeast trending Rose fault down drops the southeast portion of the zone, where two holes extend the zone by about 100 metres (328 feet). These holes have not been offset further east or south. The deposit has an undiluted Indicated resource of 266 million lbs. of copper (Cu) at an average grade of 2.94%, and an Inferred resource of 46 million lbs. of copper (Cu) at an average grade of 2.58% Cu.
The Johnny Lee and Lowry Deposits are amenable to underground mining (See Fig. 3), an approach consistent with the desires of the landowners and community. Community and regional support for the project is high due to the strong desire for jobs in this economically challenged rural Montana area. Permitting activities are ongoing using highly knowledgeable Montana-based consulting groups together with the in-house team. Base-line and other key studies for permitting are carried out in close cooperation with the Montana Department of Environmental Quality to ensure high quality and complete permit applications.
Mike Lechner, P.Geo. (Resource Modeling Inc.) completed the resource estimates and is a Qualified Person in accordance with NI 43-101, and is independent of the Company.
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 and technical nature and has verified the data disclosed 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 Resources Inc.
Tintina Resources Inc. is a well-funded Vancouver based resource company focused on the development and mining of its 100% owned Black Butte high grade copper project (Fig. 1) in central Montana. The Black Butte Copper Project is the third highest grade copper deposit in development in North America, with an M&I resource of 1.18 billion pounds of copper (Cu) at a grade of 3.4%, and Inferred resources of 140 million pounds of copper (Cu) at a grade of 2.8%. On August 31, 2012, the Company filed on SEDAR a Preliminary Economic Assessment ("PEA") for the Johnny Lee Deposit Indicated and Inferred resources on the Black Butte Copper Project entitled "Technical Report and Preliminary Economic Assessment for the Black Butte Copper Project, Montana" dated August 30, 2012. The Company plans to update the PEA to include the Johnny Lee Deposit Measured, Indicated, and Inferred resources publicly announced in November 2012. The Company also plans to include the results of the new Lowry Deposit resource estimate announced in this release in the Updated PEA.
Tintina is led by a highly experienced executive management team that has an impressive business and mining track record of successfully building shareholder value through exploration, corporate finance and mine development.
Most Popular Stories
- GM Joins Nissan to Supply Small Cargo Vehicle
- Darden Competition for Small Businesses Opens
- Ladies in White Group Needs Help From Abroad
- Financial Markets 'Confused' Over Tolls Ruling: VDOT
- Ford Trucks See Boost as Roadshow Reaches Saudi Arabia
- Ford's Supplier Diversity Program Turns 35
- Trial Coming Soon for Soldier in WikiLeaks Case
- Mile-wide Tornado Rips Up Oklahoma City
- Heroin Returns in Florida's War on Pill Mills
- Bieber Booed at Billboard Awards