Tinka Re­sources drills 22.8 m of 8.4% Zn at Ayaw­ilca

Stockwatch Daily - - MINES & METALS - Dr. Gra­ham Car­man re­ports

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.

High­lights

• 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.”

We seek Safe Har­bor.

Karen Bax­ter con­densed this news re­lease (karenb@stock­watch.com).

Yan­ina An­drea Bar­ila, Gra­ham Don­ald Car­man, Nick DeMare, David Alan Hen­stridge, Mary Lois Lit­tle

(TK) Shares: 209,999,822

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