For thousands of other reports visit RSC's Mineral Intellingence Map
Tinka Resources Ltd.
Summary
| Project: | Ayawilca-Colquipucro | |
|---|---|---|
| Deposit: | Ayawilca | |
| Location: | Peru | |
| Commodities: | Zinc-Lead-Silver-Indium-Tin-Copper | |
| Date: | 10/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-10-2018: Tinka Resources Ltd. announces an Exploration/Drilling Update report for its Ayawilca deposit at the Ayawilca-Colquipucro project. Drilling results incl. 10.0m @ 1.4% Zn, 1.9% Pb, 665g/t Ag from 264.0m. Vancouver, Canada – Tinka Resources Limi | |
| Resources: | (Resource, Inf.): 42.7Mt @ 6.0% Zn, 0.2% Pb, 17g/t Ag, 79g/t In at Ayawilca | |
| CP/QP: | [Overall Report]: Graham Carman (Internal) | |
| ABSTRACT: | Vancouver, Canada – Tinka Resources Limited (“Tinka” or the “Company”) (TSXV & BVL: TK) (OTCPK: TKRFF) is pleased to provide an update of exploration results at the Ayawilca project in central Peru, including results for ten recent drill holes. Dr. Graham Carman, Tinka´s President and CEO, stated: “Tinka has been drilling continuously at Ayawilca for 20 months since February 2017, having drilled more than 40,000 metres during that time. The Company is now focusing on compiling and analyzing the large quantity of drill hole information, completing a mineral resource update, expanding metallurgical test work, and advancing the project to a PEA in 2019. Tinka is well positioned financially with C$13 million in cash reserves at the end of September 2018 and no debt.” “The Ayawilca zinc mineral resource is expected to increase meaningfully as a result of this year's drill program. Ayawilca is already one of only a handful of independently owned, large zinc resources, located in a mining-friendly jurisdiction with good infrastructure. The property has already attracted interest from a number of large mining companies, and the Company has signed multiple confidentiality agreements and conducted several site visits. We are encouraged by the level of potential strategic interest and look forward to completing the resource update and a PEA. (Note that there can be no assurance the Company will pursue a transaction or that a transaction, if pursued, will be completed.)” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report