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Tinka Resources Ltd.
Summary
| Project: | Ayawilca-Colquipucro | |
|---|---|---|
| Deposit: | Ayawilca | |
| Location: | Peru | |
| Commodities: | Zinc-Lead-Indium-Silver | |
| Date: | 7/2/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-7-2019: Tinka Resources Ltd. announces a PEA report for its Ayawilca deposit at the Ayawilca-Colquipucro project. PEA results incl. post-tax NPV (8%) of $363M, IRR of 27%. Vancouver, Canada – Tinka Resources Limited (“Tinka” or the “Company”) (TSXV & BV | |
| Resources: | (Resource): 11.7Mt @ 8.1% ZnEq (Ind.) and 45.0Mt @ 6.7% ZnEq (Inf.) | |
| CP/QP: | [Overall Report]: William Colquhoun (Amec Foster Wheeler Plc) | |
| ABSTRACT: | Vancouver, Canada – Tinka Resources Limited (“Tinka” or the “Company”) (TSXV & BVL: TK) (OTCPK: TKRFF) is pleased to announce positive results from the Preliminary Economic Assessment (“PEA”) prepared for its 100%-owned Ayawilca Zinc Zone project in central Peru. The PEA was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) by Amec Foster Wheeler Peru S.A. (Wood) as principal consultant, Transmin Metallurgical Consultants, and RPA Inc. The PEA provides the initial economic assessment for an underground ramp-access mine development with a 5,000 tonnes per day processing plant. Note: The PEA is preliminary in nature and includes 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, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Tinka’s President and CEO, Dr. Graham Carman, stated: “We are very pleased with the results of the PEA, which is based on a mid-sized underground mining case of 5,000 tonnes per day and relatively modest initial capital. The PEA shows that the Ayawilca Zinc project, which is located in one of the world´s most prolific polymetallic belts, is shaping up to be one of the best new zinc development projects in the Americas with strong economics and a long mine life of over 20 years. The excellent PEA results are a major milestone and justify the continued advancement of Ayawilca towards production while exploration drilling is continuing with the aim of discovering additional high grade zinc resources.” | |
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