Tinka drills 10.3 m of 5.9% Zn, 2% Pb at Ayawilca
TINKA RESOURCES Ltd. has released results for six new drill holes at the company’s 100-percent-owned Ayawilca project in cen tral Peru. Drill hole A17091A encountered massive sulphide replacements of the carbonate host rocks from 569 to 594 m depth. An upper 10-metre interval intersected pyrite with significant zinc-lead-silver mineralization, while the lowermost 14-metre interval intersected significant tin-copper-silver mineralization with massive pyrite. In addition, drill hole A17-100 has extended the known South Ayawilca zinc mineralization by about 200 metres eastward, with mineralization still open.
Hole A17-091A (zone 3 — new discovery):
• 10.3 metres at 5.9 per cent zinc, 2.0 per cent lead and 66 grams per tonne silver from 570.2 metres (massive sulphide), including 4.5 metres at 9.4 per cent zinc, 1.1 per cent lead and 45 g/t silver from 576.0 m depth;
• 13.5 metres at 0.83 per cent tin, 0.39 per cent copper and 54 g/t silver from 588.50 m depth (MS), including 7.5 metres at 1.14 per cent tin, 0.14 per cent copper and 54 g/t silver from 588.5 m depth;
• 4.0 metres at 1.04 per cent tin, 0.11 per cent copper and five g/t silver from 608.0 metres (veins in phyllite), including 2.0 metres at 1.82 per cent tin, 0.13 per cent copper and six g/t silver from 610.0 m depth.
Hole A17-100 (South Ayawilca — 200-metre stepout):
• 3.0 metres at 9.1 per cent zinc, 0.2 per cent lead and 79 g/t silver from 225.5 m depth.
(See TK Table 1 on page 18)
Dr. Graham Carman, Tinka’s president and chief executive officer, stated: “We believe the new intercepts in drill hole A17-091A are very significant, as they open up the zone 3 area for potential resource expansion in an area that has seen little drilling. The same magnetic anomaly that outlines the Ayawilca zinc and tin zones continues into zone 3, extending the prospective zone by hundreds of metres to the northeast. A drill rig will continue to operate in the zone 3 area following up on this exciting discovery. Drilling is now expected to continue well into 2018 without a break, other than for the Christmas period.”
Dr. Carman continued: “These holes are the first to be released following our zinc and tin resource update. Already, new results are indicating that the project is likely to continue to grow with additional drilling. Drill hole A17-100 intersected three metres grading 9.1 per cent zinc in a 200-metre stepout hole from the resource at South Ayawilca. A large 750-metre gap remains undrilled between significant zinc intersections at South Ayawilca and zone 3. While exploration drilling continues with the goal of expanding the project resources, we are concurrently working on derisking the project through metallurgical tests of the two main styles of mineralization as well as beginning preliminary desktop mining studies. We look forward to providing updates on these programs as they progress.”
We seek Safe Harbor.
Erika Flores condensed this news release (email@example.com).
(TK) Shares: 216,268,645