|By Marketwired .||
|April 7, 2014 09:30 AM EDT|
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/07/14 -- Tintina Resources Inc. ("Tintina" or the "Company") (TSX VENTURE: TAU)(OTCQX: TINTF) announces that it intends to submit an application for a Mine Operating Permit (MOP) to the Montana Department of Environmental Quality (DEQ). Tintina has elected to withdraw its request to construct an exploration decline under an amendment to its exploration license, and determined that it can gain the necessary baseline information to support a feasibility study and Operating Permit application with less invasive drilling operations during exploration. Submission of the MOP application will initiate the Environmental Impact Study (EIS) process for the entire project.
Bob Jacko, VP of Operations states, "The DEQ did a very good job developing the Environmental Assessment of the proposed exploration permit amendment. We believe this informative document will be extremely helpful when preparing for our Mine Operating Permit."
This decision will avoid the project delay and costs associated with litigating the complaint filed in Montana district court, naming both DEQ and Tintina as defendants, challenging DEQ's decision to allow an amendment to Tintina's exploration license (see press release March 17, 2014). The Company, after reviewing the complaint with its litigation counsel, believes it is without merit. However, the time and resources anticipated to be required to defeat the complaint led to the decision to move ahead with the MOP.
Jerry Zieg, VP of Exploration said, "We believe in the Black Butte Project and we believe that gathering information through additional drilling rather than from an exploration decline is a better option than potentially lengthy litigation. Tintina remains committed to implementing environmental safeguards and protecting the environment while providing 200 full time jobs in Meagher County. Tintina pledges continued transparency and public involvement in our activities. We are focused and committed to protecting the surface and groundwaters of the Sheep Creek drainage basin."
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 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. 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. 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.