Mining Explorers 2012: Tintina Resources Inc.
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Last updated 11/11/2012 at Noon
TAU: TSX-V
Executive Chairman: Rick Van Nieuwenhuyse
CEO and Executive Vice Chairman: Raj Chowdhry
Vice President, Exploration: Jerry Zieg
Tintina Resources Inc. emerged on the Alaska mining scene in 2009 when Novagold Resources Inc. rolled 397,680 acres of its early-stage Alaska exploration properties into the Vancouver B.C.-based junior.
Tapping NovaGold's exploration expertise, Tintina appointed Rick Van Nieuwenhuyse as executive chairman of its board of directors and recruited geologist Jerry Zieg to become the junior's vice president of exploration.
Spending 2011 focused on its Black Butte (formerly known as Sheep Creek) copper-cobalt property in Montana, Tintina Resources returned to Alaska in 2012 with a 2,500-meter drill program at its Baird copper-zinc project in Northwest Alaska.
Tintina believes the large-scale copper-zinc mineralized exposures at Baird - a 70,160-acre (28,393 hectares) property situated between Teck Resources' Red Dog zinc mine and the Ambler mining district being explored by NovaCopper Inc. - could lead to a significant new discovery.
The 2012 drill program focused on Omar, Deadfall, and Frost - three targets within a 300-square-kilometer (116 square miles) area enriched with copper, zinc, cobalt, lead and silver.
The Omar target exhibits mineralization over a 4,000-by-2,000-meter area with coincident copper and zinc soil and rock chip anomalies.
Historical drilling at Omar cut 22.8 meters averaging 3.99 percent copper, 6.1 meters grading 9.37 percent copper and 7.32meters averaging 2.95 percent copper.
The Deadfall target consists of a 4,000-meter-long zinc and copper anomaly.
Although no drilling has been completed on this target, channel sampling of outcrops has identified significant bedrock mineralization.
Results from continuous channel sampling include 36 meters averaging six percent zinc and 21.7 grams per metric ton silver, including 12 meters averaging 10.1 percent zinc and 42.4 g/t silver.
Tintina is earning a 60 percent joint venture interest in the 9,600-acre Omar claim block from Teck Resources Ltd. The Deadfall, Frost and Peak targets lie on 60,560 acres of 100 percent owned Alaska mining claims. Tintina Resources also owns the Kugruk project about 70 miles (110 kilometers) north of Nome. The 177,280-acre property hosts copper-iron skarns, silver-lead-zinc prospects and placer gold rich drainages. The juxtaposition of these various mineral systems leads the explorer to believe that a large-scale iron oxide-copper-gold deposit could be hidden below the loess that covers this prospect.
Cash and short-term deposits: C$18.4 million (at June 30, 2012)
Working capital: C$18.3 million (at June 30, 2012)
Market capitalization: C$49 million (at Oct. 1, 2012)
595 Burrard St., Suite 1723
Vancouver, B.C. Canada V7X 1G4
Tel: 604-628-1162 Fax: 604-628-1163
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