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Tintina Announces Meeting Results and provides Black Butte Copper Project Update(December 12, 2017)
WHITE SULPHUR SPRINGS, Mont., Dec. 12, 2017 (GLOBE NEWSWIRE) -- Tintina Resources, Inc. (“Tintina” or the “Company”) is pleased to announce that the five director nominees listed in the Company’s management information circular dated November 23, 2017 were elected at the annual general meeting of shareholders held on December 11, 2017. The shareholders approved all other matters as proposed.
The Company is also pleased to provide an update on the final stages of permitting of the Black Butte Copper Project in Central Montana. The Scoping Period for the Environmental Impact Statement (“EIS”) concluded on November 16, 2017. The tentative schedule moving forward includes a Draft EIS from the Montana DEQ (“MDEQ”) in the second quarter of 2018 followed by a public comment period, and a Final EIS mid-year followed by a Record of Decision during the fourth quarter of 2018.
In addition to the EIS, the Company is required to obtain a number of ancillary permits which will be incorporated into the Final EIS and Record of Decision. To date, the Company has received a 301 Permit from the Meagher County Conservation District, 318 and 401 Permits from the MDEQ, and a 404 Permit from the United States Army Corp of Engineers. The small area impacted under the 404 Permit is 0.85 acres of wetlands and 696 linear feet of stream channel which will be mitigated through a pre-certified In-Lieu Fee Program. The 404 Permit has been issued in accordance with the Clean Water Act and is the only federal permit required in the permitting process for the Black Butte Copper Project.
Other permits required from the MDEQ, which are currently in process, are a Montana Pollutant Discharge Elimination System and an Air Quality Permit. These permits are expected to be in place prior to a Final EIS being issued.
The Black Butte Project’s Mine Operating Permit Application (“MOP”) was deemed Complete and Compliant on August 14th and the Company received a Draft Operating Permit on September 19, 2017. The proposed underground mine is designed to provide economic opportunity to Central Montana while fully protecting the Smith River Watershed. A summary of the MOP can be found on our website www.tintinaresources.com in the transparency library along with a 3D animation of the planned project showing what the site will look like before and during mining operations as well as after reclamation.
John Shanahan, CEO stated, “We are fully committed to bringing this extraordinary project to fruition in an environmentally sound way that will protect our pristine environment while providing new economic opportunities for Meagher County and the state of Montana. Our focus remains equally centered on the world class development, safe operation, and eventual closure and complete reclamation of this project.”
Tintina Resources Inc. Nancy Schlepp, Director of Public Affairs
Email: [email protected]
Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document 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 these forward-looking statements, 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 document 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.
Certain disclosures in this document constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities legislation.