Jun 1 2013
Tintina Resources Inc. ("Tintina" or the "Company") is pleased to report that it expects to announce the results of an updated Preliminary Economic Assessment (the "Updated PEA") for the Johnny Lee deposit on its 100% owned Black Butte Copper project located in central Montana, USA during the week of June 17, 2013.
The Updated PEA will update and replace the Company's previously filed preliminary economic assessment for the Johnny Lee deposit dated August 30, 2012 (the "Previous PEA") to incorporate the results of recent diamond drilling on the Johnny Lee Deposit and a revised sequence of mining based on the updated resource estimate disclosed in the Company's press release dated November 13, 2012. The Updated PEA will also include comparative post-tax preliminary economic values for the project. The Previous PEA did not contain information regarding applicable taxes and therefore the PEA and all related disclosure should not be relied upon.
Readers are reminded that preliminary economic assessments, including the Updated PEA when completed, are preliminary in nature and, as will be the case in the Updated PEA, may include inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Furthermore, there is no certainty that any preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
About Tintina Resources Inc.
Tintina Resources Inc. is a growth company focused on the exploration and development of base metal properties in North America. The Company's experienced Board of Directors and Management Team is currently focused on advancing the Black Butte Copper Project located in central Montana towards a production decision.
Source: http://www.tintinaresources.com/