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Tinka Resources Ltd.
Summary
| Project: | Ayawilca-Colquipucro | |
|---|---|---|
| Deposit: | Ayawilca | |
| Location: | Peru | |
| Commodities: | Zinc-Lead-Indium-Silver-Tin-Copper-Gold | |
| Date: | 3/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-3-2017: Tinka Resources Ltd. announces an Exploration/Drilling Update report for its Ayawilca deposit at the Ayawilca-Colquipucro project. Drilling results incl. 62.4m @ 5.6% Zn, 0.1% Pb, 17ppm Ag, 29ppm In from 127.5m. Tinka Resources Limited (“Tinka” | |
| Resources: | (Resource, Inf.): 18.8Mt @ 8.2% ZnEq (Zinc Zone) and 5.4Mt @ 0.89% SnEq (Tin Zone) | |
| CP/QP: | [Overall Report]: Graham Carman (Internal) | |
| ABSTRACT: | Tinka Resources Limited (“Tinka” or the “Company”) (TSXV: TK) (OTCPK: TKRFF) is pleased to announce partial results from drill hole A17-56, the first hole of the 10,000 metre 2017 drill program at Ayawilca, Peru. Drill hole A17-56 is located approximately 400 metres south of the existing Zinc Zone Inferred Mineral Resource, and over 250 metres from any previous drill hole at Ayawilca. Mineralization in the hole is associated with massive to semi-massive sulphide replacements of carbonate and clastic sediments which also host the known mineralization elsewhere. These results report down to a depth of 238 metres only; hole A17-56 will continue to the base of the favourable limestone unit, with further highgrade zinc intersections expected. Tinka is mobilizing a second drill rig to site immediately. Dr. Graham Carman, Tinka´s President and CEO, stated: “This is an exciting new zinc discovery at Ayawilca, in a 400 metre step-out hole from the existing mineral resource and our very first drill hole for 2017. This early success gives the Tinka team a great deal of confidence that our geological models and targeting methods are working. We are drilling a magnetic anomaly at South Ayawilca, and there are several other untested magnetic and zinc anomalies on the property that will be drilled in 2017 (see Figures 1 & 2).” Dr. Carman continued, “This discovery at South Ayawilca is very significant. The drill hole contains some high zinc grades, and opens up a large new area to potentially grow our zinc resources, particularly of the higher grade ‘chimney style’ mineralization we have already identified at West Ayawilca. We look forward to completing A17-56 to determine the extent of the mineralization to depth. Upcoming holes will test if this mineralization links up with existing mineral resources at West and/or Central Ayawilca. Given this early success, we are immediately mobilizing a second drill rig to site.” | |
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