Holes A13-06 (drilled south) and A13-07 (drilled west) are located at the same platform as hole 52B (drilled north) and hole A13-05 (drilled vertical). Hole A13-05 intercepted significant mineralization: 60 metres of 7.75% zinc and 29 metres of 7.05% zinc (see press release dated May 22, 2013). Following a number of shareholder requests for the total assay information, the relevant data will be posted on the Company’s website in the next few days.
Hole A13-07 intercepted several narrow, 1 m to 4 m, intervals of zinc mineralization that are not shown in the table, below.
Along this section line, strong zinc mineralization extends from hole A12-04A in the north to hole A13-06 in the south over a distance of up to 225 metres. For a technical overview, including four drill section lines from the Ayawilca project, the Company will be posting a technical presentation on our website today.
Mr Carter said: “The Company is extremely pleased with these significant intercepts of strong zinc mineralization as they continue to demonstrate the potential of the Ayawilca project. The drill permitting process is in its final stages and once completed, drilling will continue to test the geophysical conductors.”
The geometry of and controls to the mineralization are not yet fully understood, but a series of intersecting fault structures that underlie Ayawilca are believed to be the source conduits. The 3-D inversion anomalies follow these structures closely. The irregular nature of this replacement style mineralization hampers any meaningful interpretation of the strike, dip and true thickness of the zone(s), intercepted in these and previously reported drill holes, at this time.
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.
Significant mineralized intervals using 15 g/t Ag, 1% Pb and 1% Zn as lower cut-off levels are shown below:
| Hole # | Easting (m) | Northing (m) | Elev (m) | Azimuth (deg) | Dip (deg) | Depth (m) | From (m) | To (m) | Interval (m) | Ag (g/t) | Pb (%) | Zn (%) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A13-06 | 332952 | 8846074 | 4251 | 180 | -70 | 400.1 | 74 | 78 | 4 | 96.4 | 1.42 | 1.98 |
| 90 | 92 | 2 | 20.7 | — | 2.79 | |||||||
| 158 | 162 | 4 | — | — | 1.38 | |||||||
| 170 | 176 | 6 | — | — | 3.74 | |||||||
| 178 | 180 | 2 | — | — | 1.88 | |||||||
| 184 | 196 | 12 | — | — | 2.32 | |||||||
| 202 | 204 | 2 | — | — | 1.06 | |||||||
| 210 | 222 | 12 | — | — | 3.39 | |||||||
| 226 | 228 | 2 | — | — | 1.88 | |||||||
| 230 | 231.9 | 1.9 | — | — | 11.02 | |||||||
| 236 | 246 | 10 | — | — | 3.64 | |||||||
| 248 | 252 | 4 | — | — | 4.74 | |||||||
| 258 | 268 | 10 | — | — | 6.56 | |||||||
| 270 | 294.35 | 24.35 | — | — | 4.79 | |||||||
| 298 | 300 | 2 | — | — | 4.48 | |||||||
| 302 | 306 | 4 | — | — | 2.39 | |||||||
| 312 | 322 | 10 | — | — | 7.85 |
About Tinka Resources Limited (TSXV:TK) (Frankfurt:TLD) (Pinksheets:TKRFF):
Tinka is a junior resource acquisition and exploration company. Tinka’s 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
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
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.