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Tinka Resources Ltd.
Summary
| Project: | Ayawilca-Colquipucro | |
|---|---|---|
| Deposit: | Ayawilca | |
| Location: | Peru | |
| Commodities: | Zinc-Lead-Indium-Silver-Tin-Copper-Gold | |
| Date: | 5/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-5-2017: Tinka Resources Ltd. announces an Exploration/Drilling Update report for its Ayawilca deposit at the Ayawilca-Colquipucro project. Drilling results incl. 13.4m @ 18.7% Zn, 0.9% Pb, 57g/t Ag, 463g/t In from 220.0m. Tinka Resources Limited (“Tinka | |
| Resources: | (Resource, Inf.): 18.8Mt @ 5.9% Zn, 0.2% Pb, 15g/t Ag, 74g/t In at Ayawilca Zinc Zone | |
| CP/QP: | [Overall Report]: Graham Carman (Internal) | |
| ABSTRACT: | Tinka Resources Limited (“Tinka” or the “Company”) (TSXV: TK) (OTCPK: TKRFF) is pleased to announce results from four new drill holes at its 100%-owned Ayawilca zinc project in central Peru. Three holes were drilled into the new discovery area at South Ayawilca, with one drilled at West Ayawilca. These new results confirm high grade zinc mineralization at South Ayawilca is associated with gently dipping massive to semi-massive sulphide replacements of carbonate and clastic sediments. Hole A17- 061 is approximately 80 metres off-section from holes A17-056 and A17-057 (April 3, 2017, TK press release). Zinc mineralization is all sulphide (sphalerite, marmatite) accompanied by minor galena and iron sulphides. We have now released results for six of the planned 25 to 30 holes in the 2017 drill program. Three drill rigs are currently turning at South Ayawilca, with an additional rig to be mobilized to test the Zone 3 area shortly. Dr. Graham Carman, Tinka´s President and CEO, stated: “This set of drill results continues to show significant thicknesses of high grade zinc mineralization at South Ayawilca, as we step out from the recent discovery holes. The zinc bodies dip gently to the south, with the thicker zones of mineralization lying between two interpreted west-dipping northeast-trending faults approximately 250 metres apart, appearing to thicken towards the north. These structures were likely important conduits for the zinc mineralization. The mineralization at South Ayawilca remains open along strike in both directions (see Figures 1 & 2). At West Ayawilca, additional holes are required to fully test the extensions with more holes planned.” Dr. Carman continued, “Drilling continues with three rigs at South Ayawilca, focusing on expanding the new zinc discovery to the northeast towards the Central Ayawilca resource, and to provide confidence of continuity of mineralization. While our resource expansion drilling continues at Ayawilca, we are also looking forward to commencing the drilling at Zone 3.” | |
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