Mr Carter said: “We are extremely pleased with these results as they continue to demonstrate the continuity of silver mineralization at Colquipucro. The presence of increasing zinc mineralization in the lower section of hole CDD-27 is a positive addition to the results. Infill drilling is continuing on site and will include drilling to the west of the resource.”
Drill holes CDD-28 and CDD-29 have recently been completed and are currently being prepared for analysis. Further drilling will also be conducted west and north of the established silver resource area, exploring for additional mineralization, once the Company has received approval for an amended drill permit at Colquipucro. The Company already has one permit for a drill site west of the resource area, and it is anticipated that this site will be drilled sometime in April, 2013.
The holes intercepted oxidized, banded, “zebra-stripe” sandstone and progressed into the underlying sedimentary breccia, greywacke, siltstone and fluidized sulphide unit. The holes intercepted the high grade veins/faults/gossan zones within the sandstone roughly perpendicular to the dip of the hole, while the intervening fracture-controlled mineralization in the sandstone was intercepted at about 45 degrees to the inclination of the drill hole, on average. The orientation of the mineralization within the underlying sedimentary breccia is not clear, however, narrow zones of intense oxidation suggest that the mineralized structures in the overlying sandstone may penetrate the underlying unit.
Significant mineralized intervals, using a 15 g/t Ag cut-off, are shown below:
| Hole # | Easting (m) | Northing (m) | Elevation (m) | Azimuth (deg) | Dip (deg) | From (m) | To (m) | Interval (m) | Ag (g/t) | Zn (%) |
|---|---|---|---|---|---|---|---|---|---|---|
| CDD-26 | 332742 | 8847986 | 4336 | 180 | -55 | 24 | 32.5 | 8.5 | 206.3 | |
| 46 | 50 | 4 | 32.6 | |||||||
| 54 | 62 | 8 | 22 | |||||||
| 74 | 78 | 4 | 21 | |||||||
| 84 | 136 | 52 | 41.4 | |||||||
| 138 | 144 | 6 | 26.2 | |||||||
| 148 | 162 | 14 | 43.4 | |||||||
| 194 | 198 | 4 | 18.2 | |||||||
| CDD-27 | 332693.8 | 8847861.9 | 4362.1 | 180 | -58 | 12 | 18 | 6 | 58.5 | |
| 20 | 24 | 4 | 33.2 | |||||||
| 26 | 38 | 12 | 36.1 | |||||||
| 52 | 58 | 6 | 49.4 | |||||||
| 66 | 68 | 2 | 87.2 | |||||||
| 70 | 72 | 2 | 62.7 | |||||||
| 74 | 78 | 4 | 17.2 | |||||||
| 94 | 98 | 4 | 70.6 | |||||||
| 100 | 110 | 10 | 68.5 | |||||||
| 118 | 136.7 | 18.7 | 165.2 | |||||||
| Including | 118 | 126 | 8 | 298.3 | ||||||
| 146 | 148 | 2 | 114 | |||||||
| 156 | 168 | 12 | 19.5 | 3.34 | ||||||
| Including | 164 | 166 | 2 | 84.4 |
All diamond drilling has been performed using HQ diameter drill rods, reducing to NQ diameter if required. All core has been logged and split on site under the supervision of Tinka geologists with sampling done on nominal two metre intervals. All the samples have been transported by Company staff to SGS Laboratories in Lima, Peru, for ICP analyses using multi-acid digestion. Analytical standards and blanks were routinely introduced in the sample suites sent to the laboratory, and samples that exceeded their respective threshold levels for Ag, Zn and Pb were re-assayed by specific atomic absorption techniques.
The qualified person for the Company’s projects, Mr. John Nebocat (P.Eng.), V.P. of Exploration for the Company, has reviewed and approved the contents of this news release.
About Tinka Resoruces Limited (TSXV:TK) (Frankfurt:TLD) (Pinksheets:TKRFF):
Tinka is a junior resource acquisition and exploration company. Tinka’s main focus is on its 100% owned Colquipucro and Ayawilca projects located in the highly mineralized silver-lead-zinc belt of Central Peru.
On behalf of the Board,
“Andrew Carter”
Andrew Carter, President & CEO
Forward Looking Statements
This Company news release contains certain “forward-looking” statements and information relating to the Company that are based on the beliefs of the Company’s management as well as assumptions made by and information available to the Company’s management as of the date of this news release. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners including local communities and landholders, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Tinka Resources Limited
For further information:
Company Contact:
Mariana Bermudez at (604) 699 0202
or email: mbermudez@chasemgt.com
website: www.tinkaresources.com
Investor Information Contact:
Michael D’Amico
Tel: 1.647.500.6023
Email: michaeldamico@rogers.com