Tuesday, February 8, 2011

Copper on Sheep Creek Confirmed

Article from the Meagher County News in White Sulphur Springs, MT dated 1/27/2011

Tintina Gold Resources, Inc. has confirmed the presence of a high grade Middle Copper Zone on its Sheep Creek Copper-Cobalt-Silver property north of White Sulphur Springs. Their most recent drill hole intersected 2.56% copper, 0.11% cobalt and 13.5 g/tonne silver at Strawberry East target area. This area is located about a mile and a half southeast of the Strawberry Butte location where the company has recently completed an estimate showing the area contains 366 million pounds of copper. It is suspected that further drilling in this area could add substantial resources to the emerging Sheep Creek resource inventory. A representative of the company noted, "This clearly demonstrates that the Sheep Creek property has significant expansion potential well beyond the resources already identified at the Strawberry Butte target. The Strawberry East target area could easily become as important as the Strawberry Butte target area. We are also planning to complete a resource estimate on the Lower Zone intersections at Strawberry Butte. Meanwhile the Company is currently undertaking a Preliminary Economic Assessment on the mineralization encountered to date. With the shallow nature and nearly flat geometry of the Upper Zone at Strawberry Butte, we believe that bulk underground mining could be employed with modest capital costs and low operating costs given the properties excellent location relative to infrastructure. Our plan is to fast track this high quality copper resource towards production."

The Sheep Creek deposit sits 16 miles north of White Sulphur Springs along a maintained gravel road and within two miles of US Highway 89. The 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. The drilling undertaken by Cominco and BHP had encountered significant zones of stratabound 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.

Exploration to date conducted by Tintina Gold has identified an inferred resource of 7 million metric tonnes grading 2.4% copper, 0.12% cobalt, and 12.3 g/tonne silver at a 1.5% copper cut-off grade based on an assumed copper price of $2.50/lb.