Mr. Carter said, “The Company is pleased with these intercepts of zinc mineralization as they continue to demonstrate the potential of the Ayawilca project. Mineralization has now been traced for 1,000 m between the site of holes A13-05 and A13-06 to the southwest and hole A14-18 to the northeast. Hole A14-18 yielded significantly better results than holes A13-16 and A13-17 immediately to the south, and these encouraging results support the Company’s goal of funding sufficient drilling over the next twelve to eighteen months with the objective of identifying further potentially economic mineralization. We are now on the edge of two large, coincidental magnetic and chargeability anomalies that have not yet been drill tested.”
Drill hole A14-18 is collared along section 333900E about 650 m northeast of A12-08. This site is along the western margin of a large, coincidental magnetic and chargeability (IP) anomaly measuring about 700 m east-west by 700 m north-south. The magnetic anomaly extends northwesterly from this site for about 1,500 m and averages just over 400 m in width northeast-southwest. Widespread chargeability anomalies overlap most of this magnetic feature.
Due to sphalerite’s (zinc sulphide) non-conductive and non-magnetic behaviour, the Company is planning a gravity survey over the known central part of the property. This program should help in defining anomalies that have a low magnetic and weak chargeability signature which could contain a significantly larger percentage of zinc mineralization.
Significant mineralized intervals using 15 g/t Ag, 1% Pb and 1% Zn as lower cut-off levels
** includes a 0.6 m interval of 0.61% Zn which is below the cut off level
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 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.
Tinka’s management continues its efforts to achieve all conditions needed to further advance the development plan, namely systematic drill testing of geophysical conductors to define the best target areas for subsequent follow-up drilling and resource development.
The reader is invited to visit the Company’s website to view diagrams of the drill hole locations and geophysical anomalies in the corporate and technical presentations.
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 Resources Limited (TSXV:TK).
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, President & CEO
Mariana Bermudez at (604) 699 0202 or
Reg Advocaat at (604) 219 8911 or
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.
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