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Share Name | Share Symbol | Market | Type |
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Common Stock | TSXV:TAU | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.62 | 0.61 | 0.63 | 0.64 | 0.62 | 0.63 | 59,000 | 20:59:30 |
VANCOUVER, Nov. 5, 2015 /CNW/ -Tintina Resources Inc. ("Tintina" or the "Company") (TSX.V:"TAU"; OTCQX: "TINTF") is pleased to provide an update outlining development plans for the Johnny Lee copper deposit at its flagship Black Butte Copper Project. These plans incorporate best industry practices and outline the details for management of mill tailings (finely ground rock left after copper minerals are removed) which include cementing tailings for storage both underground and in a double lined surface tailings facility.
The Company has completed design level studies for both returning cemented tailings underground during 'cut and fill' mining as paste backfill, and storing the remainder of the cemented tailings in a double lined surface Cemented Tailings Facility ("CTF"). The studies also include plans for reverse osmosis ("RO") water treatment of all site waters, including precipitation run off water that comes into contact with the CTF, no discharge of water to surface, and complete mitigation of all beneficial water use by the operation. The Mine Operating Permit ("MOP") application scheduled for submission to the Montana Department of Environmental Quality ("DEQ") later this year will include detailed studies in support of these designs. Explanations of these designs are available on the Tintina website (www.tintinaresources.com).
The CTF design eliminates certain risks associated with the more traditionally used and industry standard sub-aqueous tailings impoundment. The Company chose this design because it provides enhanced protection of all surface and ground water and meets Montana's non-degradation water standards for industrial activity. In addition, this design inhibits the potential for errant dust from the CTF and allows for expedited reclamation at mine closure which includes a geotextile over-liner sealed to the underlying double liner and all covered with fill and capped with top soil. The design will receive peer review under Montana's comprehensive regulatory process, including the recently adopted 2015 legislation related to tailings disposal. The design exceeds the most stringent earthquake and storm event standards for the area.
Jerry Zieg, VP of Exploration stated, "We agree with our community that we must go above and beyond to protect all our waterways. This plan reflects our commitment to these high standards and we are proud of the design we will include in our Mine Operating Permit Application. We are 'Doing it Right from the Beginning.'"
Bruce Hooper, President & CEO, closed by stating, "We are excited to display our commitment to building one of the most environmentally sound copper developments worldwide. Please come visit us on our tour days on the first of every month and visit our website to learn more."
QUALIFIED PERSONS
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 or technical nature contained in this news release.
ABOUT TINTINA RESOURCES INC.
Tintina Resources Inc. is a growth company focused on the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper Project in central Montana, USA. The Company is led by a highly experienced executive management team that has a successful track record of building shareholder value through exploration, corporate finance, and mine development.
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.
Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this release constitute "forward-looking information" within the meaning of Canadian securities legislation, including statements regarding the Company's plans for advancing the Black Butte Copper Project, including plans for tailings and water management and the MOP application, and expected outcomes. 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's plans for tailings and water management will be implemented as expected and will have the intended benefits and that the results of exploration and development 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 and development company and the Black Butte Copper Project that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that results of exploration and development activities will not be consistent with management's expectations, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities and the operation of a producing mine. 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 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.
SOURCE Tintina Resources Inc.
Copyright 2015 Canada NewsWire
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