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Tinka Resources Ltd.
Summary
| Project: | Ayawilca-Colquipucro | |
|---|---|---|
| Deposit: | Ayawilca | |
| Location: | Peru | |
| Commodities: | Zinc-Lead-Indium-Silver | |
| Date: | 7/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-7-2017: Tinka Resources Ltd. announces an Exploration/Drilling Update report for its Ayawilca deposit at the Ayawilca-Colquipucro project. Drilling results incl. 22.80m @ 8.4% Zn, 0.8% Pb, 35g/t Ag, 17g/t In from 327.2m. Vancouver, Canada – Tinka Resou | |
| Resources: | (Resource, Inf.): 18.8Mt @ 5.9% Zn, 0.2% Pb, 15g/t Ag, 74g/t In at Ayawilca Zinc Zone | |
| CP/QP: | [Overall Report]: Graham Carman (Internal) | |
| ABSTRACT: | Vancouver, Canada – Tinka Resources Limited (“Tinka” or the “Company”) (TSXV: TK) (OTCPK: TKRFF) is pleased to announce assay results of five new step-out drill holes at its 100%-owned Ayawilca zinc project in central Peru. Three holes were drilled at the South Ayawilca discovery area, with one hole drilled at West Ayawilca (A17-074). Hole A17-073 was drilled at Zone 3, the first hole into this new target. Holes A17-071 and A17-075 both intersected significant thicknesses of high grade zinc and have extended the footprint of the South Ayawilca discovery by 200 metres to the southeast, where zinc remains open and untested. Hole A17-072 at South Ayawilca intersected high grade silver with moderate grade zinc-lead mineralization adjacent to an important northeast-trending fault, which is a new style of mineralization observed at Ayawilca, This new high-grade silver discovery opens up additional exploration opportunities. Three rigs continue to turn at the project on multiple fronts. Dr. Graham Carman, Tinka´s President and CEO, stated: “We are very pleased with these new drill results. The zinc discovery at South Ayawilca continues to expand southward, and remains open in several directions (see Figure 2). Hole A17-075 indicates that zinc may be thickening to the south on that section. The highgrade silver (zinc-lead) discovery in A17-072 is also exciting as it opens potential for additional bonanzagrade mineralization along the South Ayawilca Fault, which is largely untested. High-grade silver (zinc-lead) mineralization occurs with sulphides as cavity fillings in recrystallized limestone with abundant quartzcarbonate alteration, quite different to the massive sulphide mineralization associated with the high-grade zinc.” 2 Dr. Carman continued: “We are continuing to test zinc targets at the project and expand the drilling effort. Step-out holes are taking place at West and South Ayawilca, with new targets being drilled at Zone 3 and Chaucha. The drilling at Zone 3 is progressing well. Indications are that a significant zinc sulphide system could be nearby. Zone 3 is a large target area covering more than 1 km2 , and several holes will be needed to evaluate the full potential of that area.” | |
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