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Tinka Resources Ltd.
Summary
| Project: | Ayawilca-Colquipucro | |
|---|---|---|
| Deposit: | Ayawilca | |
| Location: | Peru | |
| Commodities: | Zinc-Lead-Silver-Indium-Tin-Copper | |
| Date: | 4/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-4-2018: Tinka Resources Ltd. announces an Exploration/Drilling Update report for its Ayawilca deposit at the Ayawilca-Colquipucro project. Drilling results incl. 14.4m @ 12.8% Zn, 1.9% Pb, 140g/t Ag, 98g/t In from 351.4m. Vancouver, Canada – Tinka Reso | |
| 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 four new holes from the ongoing drill program at the Company’s 100%-owned Ayawilca project in central Peru. These results include hole A18-114, a step-out hole approximately 110 metres northwest of the West Ayawilca zinc resource, which intersected two highgrade zinc intervals in an area previously untested. Follow-up drilling is underway to test further extensions of this high-grade mineralization. Two drills are currently operating at West Ayawilca and Zone 3, with a third drill rig now mobilizing and expected to commence drilling by the end of April. In addition to the West Ayawilca step-out hole (A18-114), three drill holes from the Zone 3 area are reported here (A18-110, 111, &112). Previously disclosed zinc intercepts in holes A18-110 & A18-111 in the Zone 3 area (including 5 metres grading 16% zinc from 173.8 metres) were reported on February 15, 2018. Dr. Graham Carman, Tinka´s President and CEO, stated: “We are very pleased to have intersected significant high-grade zinc mineralization in our first step-out hole at West Ayawilca in 2018. It is still early in this year’s drill program, but we are confident that our planned 15,000 metre drill program will continue to expand on our known mineralized zones, discover new areas of zinc mineralization, and add significant new mineral resources to the project. Approximately 25-30 holes are planned for the first half of 2018 consisting mostly of step-out holes, with an initial Preliminary Economic Assessment planned to be completed before year´s end.” “The new mineralization in A18-114 at West Ayawilca is located on the eastern limb of an ‘anticline’ fold axis which Company geologists believe acted as a trap for the zinc mineralization – refer to cross section provided. With three drill rigs operating at the project from the end of April, we expect plenty of news flow over coming months. Following the recent bought deal financing and the closing of the current private placement, the Company will have raised C$16.2 million thanks to strong support from our existing shareholders, as well as from new shareholders. Tinka is now fully funded to execute its ambitious exploration programs for the next 18 months, which are designed to advance and de-risk the Ayawilca project.” | |
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