Tinka drills 10.3 m of 5.9% Zn, 2% Pb at Ayaw­ilca

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

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.

Key high­lights:

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 (erikaf@stock­watch.com).

(TK) Shares: 216,268,645

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