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Tinka Resources Ltd.
Summary
| Project: | Ayawilca-Colquipucro | |
|---|---|---|
| Deposit: | Ayawilca | |
| Location: | Peru | |
| Commodities: | Zinc-Lead-Silver-Indium-Tin-Copper | |
| Date: | 8/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-8-2018: Tinka Resources Ltd. announces an Exploration/Drilling Update report for its Ayawilca deposit at the Ayawilca-Colquipucro project. Drilling results incl. 38.50m @ 5.6% Zn, 0.1% Pb, 12g/t Ag, 138g/t In from 248.8m. Dr. Graham Carman, Tinka´s Pres | |
| 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: | Dr. Graham Carman, Tinka´s President and CEO, stated: “Tinka continues to expand the footprint of the zinc mineralization at Ayawilca with its 2018 step-out drill program. The new high-grade zinc intersections in the Camp area, where we carried out very limited drilling in the past, should allow us to connect the plus 200 metre gap between mineral resources at West and Central Ayawilca (refer to Figure 2). Of particular interest is that high grade zinc mineralization in this area was encountered within a repeated limestone under a phyllite ‘ledge’, a setting similar to that found in hole A18-129 which intersected exceptional +40% zinc grades. The repeated and mineralized limestone occurs in multiple locations at the project including at the Camp and West Ayawilca (refer to Figure 3). It is possible this deeper mineralization is more widespread than is currently recognized, as holes at the project in the past were typically stopped almost immediately on hitting phyllite.” “The main focus for our exploration in coming weeks is to test the repetition for mineralized limestones at West and Central Ayawilca and to test for extensions to the mineralization along strike at South and Central Ayawilca. It appears that number of previous holes at West and Central Ayawilca were not drilled sufficiently deep enough to test for these possible repetitions. Tinka is studying which are the priority holes to deepen for later in the 2018 drill program.” “At West Ayawilca, high-grade zinc intercepts beneath the existing resource in holes A18-132 and 135 are interpreted as feeder veins for the high-grade replacement style mineralization intersected recently in hole A18-129 (refer to Figure 4). Results for several additional follow-up holes are pending.” “Several infill holes are underway to further improve the geological model of the deposit and to target mineralization underneath the existing resources. The first infill hole drilled at South Ayawilca (A18-133) was positive, intersecting high-grade mineralization starting at a relatively shallow depth of 140 metres within the sandstones.” | |
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