Tinka Resources drills 22.8 m of 8.4% Zn at Ayawilca
TINKA RESOURCES Ltd. has released assay results of five new stepout drill holes at its 100-percent-owned Ayawilca zinc project in central Peru. Three holes were drilled at the South Ayawilca discovery area, with one hole drilled at West Ayawilca (A17-074). Hole A17-073 was drilled at zone 3, the first hole into this new target.
Holes A17-071 and A17-075 both intersected significant thicknesses of high-grade zinc and have extended the footprint of the South Ayawilca discovery by 200 metres to the southeast, where zinc remains open and untested. Hole A17-072 at South Ayawilca intersected high-grade silver with moderate-grade zinc-lead mineralization adjacent to an important northeast-trending fault, which is a new style of mineralization observed at Ayawilca. This new high-grade silver discovery opens up additional exploration opportunities. Three rigs continue to turn at the project on multiple fronts.
• Hole A17-071 (South Ayawilca): 22.8 metres at 8.4 per cent zinc, 0.8 per cent lead and 35 grams per tonne silver from 327.2 m depth, including 12.6 metres at 11.6 per cent zinc, 0.9 per cent lead and 35 g/t silver from 332.4 m depth;
• Hole A17-072 (South Ayawilca): 11.5 metres at 2.9 per cent zinc, 2.3 per cent lead and 781 g/t silver from 294.5 m depth, including 2.0 metres at 5.6 per cent zinc, 5.5 per cent lead and 3,167 g/t silver from 302.0 m depth;
• Hole A17-075 (South Ayawilca): 20.8 metres (includes 1.7 metres of no recovery assumed zero grade) at 5.0 per cent zinc, 11 g/t silver and 44 g/t indium from 359.0 m depth, including 3.5 metres at 10.2 per cent zinc, 17 g/t silver and 96 g/t indium from 376.3 m depth;
• Hole A17-074 (West Ayawilca): 2.2 metres at 31.0 per cent zinc, 0.1 per cent lead and 138 g/t silver from 71.4 m depth (vein), and 0.7 metre at 18.3 per cent zinc and 38 g/t silver from 148.0 m depth (vein).
Hole A17-073 (zone 3)
The first hole at zone 3, drilled 700 metres east of the existing East Ayawilca inferred resource, was completed to a depth of 710 metres. Replacement sulphide mineralization was encountered, mostly pyrite, over a 15-metre interval near the base of the carbonate sequence which hosts mineralization elsewhere. At Ayawilca, pyrite occurs on the margins of the zinc mineralization, so the company interprets this as an indication that significant zinc mineralization may be close by. A follow-up hole (A17-081) is in progress, with one more hole planned for zone 3 in this program.
Dr. Graham Carman, president and chief executive officer, stated: “We are very pleased with these new drill results. The zinc discovery at South Ayawilca continues to expand southward and remains open in several directions. Hole A17-075 indicates that zinc may be thickening to the south on that section. The high-grade silver (zinc-lead) discovery in A17-072 is also exciting as it opens potential for additional bonanza-grade mineralization along the South Ayawilca fault, which is largely untested. High-grade silver (zinc-lead) mineralization occurs with sulphides as cavity fillings in recrystallized limestone with abundant quartz-carbonate alteration, quite different to the massive sulphide mineralization associated with the high-grade zinc.”
Dr. Carman continued: “We are continuing to test zinc targets at the project and expand the drilling effort. Stepout holes are taking place at West and South Ayawilca, with new targets being drilled at zone 3 and Chaucha. The drilling at zone 3 is progressing well. Indications are that a significant zinc sulphide system could be nearby. Zone 3 is a large target area covering more than one square kilometre, and several holes will be needed to evaluate the full potential of that area.”
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Karen Baxter condensed this news release (firstname.lastname@example.org).
Yanina Andrea Barila, Graham Donald Carman, Nick DeMare, David Alan Henstridge, Mary Lois Little
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