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Tinka Resources Ltd.
Summary
| Project: | Ayawilca-Colquipucro | |
|---|---|---|
| Deposit: | Ayawilca | |
| Location: | Peru | |
| Commodities: | Zinc-Lead-Indium-Silver | |
| Date: | 7/29/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-7-2019: Tinka Resources Ltd. announces an Exploration/Drilling Update report for its Ayawilca deposit at the Ayawilca-Colquipucro project. Drilling results incl. 19.60m @ 15.2% Zn, 0.0% Pb, 9ppm Ag, 212ppm In from 247.40m. Vancouver, Canada – Tinka Res | |
| Resources: | (Resource): 11.7Mt @ 8.1% ZnEq (Ind.) and 45.0Mt @ 6.7% ZnEq (Inf.) | |
| 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 drill holes at the Company’s 100%- owned Ayawilca Property in central Peru. Three holes were drilled at West Ayawilca and one hole was drilled at South Ayawilca. Hole A19-162 at South Ayawilca intercepted thick zones of zinc mineralization within the existing resource, as expected, however the zinc grades are much higher than expected compared with adjacent holes and are approximately double the average grade of the Ayawilca Zinc Zone resource. Hole A19-162 also intercepted a weakly mineralized limestone layer in the lower portion of the hole, significant in the fact that it supports the Company’s thesis of possible limestone-hosted zinc mineralization lying beneath the existing resource. Hole A19-162 continued to a depth of 545 metres to test for mineralization underneath the zinc resource. The deeper portion of A19-162 intersected a layer of limestone containing massive pyrite (with anomalous zinc), a feature often seen near the edge of the Zinc Zone resource at Ayawilca. A follow-up hole from the same drill platform, A19-163, is in progress (see cross section - Figure 1). Hole A19-163 intersected several zones of zinc mineralization in the upper portion of the hole (assays awaited), and mineralization is believed to remain open up-dip within an area not previously drilled. The next few drill holes will continue to test the potential extension of South Ayawilca to the west, and the limestone at depth. | |
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