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Tinka Resources Ltd.
Summary
| Project: | Ayawilca-Colquipucro | |
|---|---|---|
| Deposit: | Ayawilca | |
| Location: | Peru | |
| Commodities: | Zinc-Lead-Silver-Indium-Tin-Copper | |
| Date: | 5/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-5-2018: Tinka Resources Ltd. announces an Exploration/Drilling Update report for its Ayawilca deposit at the Ayawilca-Colquipucro project. Drilling results incl. 106.5m @ 6.8% Zn, 0.2% Pb, 17g/t Ag, 48g/t Indium from 237.3m. Vancouver, Canada – Tinka R | |
| 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 announce assay results for six holes from its ongoing resource step-out drill program at the Company’s 100%-owned Ayawilca project, central Peru. Three holes are reported from West Ayawilca area (holes A18-115, 116 & 118) and three from the Zone 3 area (A18-110, 113 & 119). Drill hole A18-118 intersected 106.5 metres grading 6.8 % zinc (uncut) from 237.3 metres depth, one of the best intercepts ever drilled at West Ayawilca, approximately 50 metres north of the current zinc mineral resource. The footprint of high-grade zinc mineralization continues to grow. In addition, high-grade tin intercepts are reported from the Zone 3 area for the first time. Three rigs continue to drill step-out holes at West Ayawilca and at Zone 3, with other targets at South Ayawilca and Valley to be tested in coming weeks. Dr. Graham Carman, Tinka´s President and CEO, stated: “Tinka is targeting high-grade zinc mineralization outside of the existing resource boundaries in the 2018 step-out drill program, and we are very pleased to report results for hole A18-118, one of the best mineralized holes from West Ayawilca. Importantly, our geological model has successfully predicted zinc mineralization is concentrated close to the hinge of an ‘anticline’ fold within limestone beneath sandstone cover, and this mineralization remains open. At West Ayawilca more holes are planned to target the projections of the fold hinge and its flat-lying eastern limb. The steep-dipping western fold limb, tested by A18-115 & 116, appears to host vein-style mineralization in the overlying sandstone only.” “We continue to target possible connections between the resource areas at West and Central Ayawilca, and several holes have results pending. The Zone 3 area is also beginning to show encouraging zinc intersections (e.g., hole A18-119), and although the mineralization is relatively deep, we believe Zone 3 has the potential to add significant new resources to the project. High-grade tin mineralization in A18-119, more than 2 kilometres away from West Ayawilca, further indicates the potential and very large size of the Ayawilca mineralized system.” | |
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