22.8 METRES GRADING 8.4% ZINC IN HOLE A17-071,
MINERALIZATION REMAINS OPEN
11.5 METRES GRADING 780 GRAMS
PER TONNE SILVER + 5.2 % ZINC+LEAD IN HOLE A17-072
VANCOUVER, July 17, 2017 /CNW/ - Tinka Resources
Limited ("Tinka" or the "Company") (TSXV:
TK) (OTCPK: TKRFF) is pleased to announce assay results
of five new step-out drill holes at its 100%-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.
Key Highlights
Hole A17-071 (South
Ayawilca):
- 22.8 metres at 8.4 % zinc, 0.8 % lead, & 35 g/t silver
from 327.2 metres depth, including
-
- 12.6 metres at 11.6 % zinc, 0.9 % lead, & 35 g/t silver
from 332.4 metres depth;
Hole A17-072 (South Ayawilca):
- 11.5 metres at 2.9 % zinc, 2.3 % lead & 781 g/t silver
from 294.5 metres depth, including
-
- 2.0 metres at 5.6 % zinc, 5.5 % lead & 3167 g/t silver
from 302.0 metres depth;
Hole A17-075 (South Ayawilca):
- 20.8 metres* at 5.0 % zinc, 11 g/t silver & 44 g/t
indium from 359.0 metres depth, including
- 3.5 metres at 10.2 % zinc, 17 g/t silver & 96 g/t indium
from 376.3 metres depth;
* includes 1.7
metres of no recovery assumed zero grade
|
Hole A17-074 (West Ayawilca):
- 2.2 metres at 31.0 % zinc, 0.1 % lead & 138 g/t silver
from 71.4 metres depth (vein), and
-
- 0.7 metres at 18.3 % zinc & 38 g/t silver from 148.0
metres 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 with minor sphalerite, 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 we interpret 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.
See drill hole and zinc grade-thickness maps (Figure 1 and
Figure 2), and a South Ayawilca cross section (Figure 3).
Dr. Graham Carman, Tinka´s
President and CEO, 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 (see
Figure 2). 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. Step-out 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 1 km2, and several holes will be
needed to evaluate the full potential of that area."
True thicknesses of the zinc intersections are estimated to be
at least 85% of the downhole thickness, except where otherwise
noted in footnotes to Table 1. All significant results of the 2017
program are summarized in Table 1 with the strongest intercepts in
bold text. Table 2 is a summary of all drill collar information to
date.
Table 1. Summary of 2017 Drill Results from
Ayawilca
|
|
|
|
|
|
|
|
|
Drill
hole
|
From
m
|
To
m
|
Interval
m
|
Zn
%
|
Pb
%
|
Ag
g/t
|
Indium
g/t
|
Reported
|
A17-0561
|
90.30
|
90.65
|
0.35
|
29.0
|
0.4
|
82
|
443
|
April 3
'17
|
and
|
113.00
|
113.40
|
0.40
|
31.2
|
0.0
|
85
|
759
|
April 3
'17
|
and
|
126.00
|
189.90
|
63.90
|
5.6
|
0.1
|
17
|
29
|
March 6
'17
|
|
including
|
127.50
|
145.40
|
17.90
|
11.6
|
0.2
|
36
|
20
|
March 6
'17
|
|
including
|
127.50
|
133.30
|
5.80
|
22.5
|
0.3
|
77
|
50
|
March 6
'17
|
and
|
199.20
|
204.70
|
5.50
|
5.8
|
0.1
|
6
|
38
|
April 3
'17
|
and
|
228.50
|
233.70
|
5.20
|
12.9
|
0.0
|
11
|
162
|
March 6
'17
|
and
|
242.00
|
293.90
|
51.90
|
10.1
|
0.1
|
624
|
233
|
April 3
'17
|
|
including
|
279.00
|
293.90
|
14.90
|
20.6
|
0.2
|
1524
|
441
|
April 3
'17
|
|
including
|
279.00
|
285.40
|
6.40
|
37.5
|
0.4
|
301
|
916
|
April 3
'17
|
A17-056A
|
286.50
|
296.00
|
9.50
|
9.3
|
0.3
|
19
|
88
|
May 3'17
|
and
|
309.00
|
313.10
|
4.10
|
18.6
|
0.1
|
27
|
224
|
May 3'17
|
|
including
|
310.50
|
313.10
|
2.60
|
27.3
|
0.1
|
38
|
336
|
May 3'17
|
A17-057
|
84.90
|
86.35
|
1.45
|
24.8
|
0.0
|
62
|
157
|
April 3
'17
|
and
|
143.70
|
144.50
|
0.80
|
40.4
|
0.1
|
138
|
261
|
April 3
'17
|
and
|
157.60
|
197.70
|
40.10
|
9.1
|
0.2
|
22
|
168
|
April 3
'17
|
|
including
|
168.20
|
177.80
|
9.60
|
16.8
|
0.1
|
22
|
299
|
April 3
'17
|
and
|
227.15
|
234.90
|
7.75
|
3.5
|
0.2
|
21
|
85
|
April 3
'17
|
and
|
264.00
|
279.30
|
15.30
|
20.0
|
2.5
|
102
|
263
|
April 3
'17
|
|
including
|
265.75
|
269.00
|
3.25
|
34.5
|
2.1
|
96
|
196
|
April 3
'17
|
|
including
|
272.50
|
277.70
|
5.20
|
32.5
|
1.3
|
69
|
639
|
April 3
'17
|
A17-058
|
103.50
|
107.70
|
4.205
|
20.2
|
4.2
|
3294
|
15
|
May 3'17
|
and
|
133.25
|
134.35
|
1.105
|
30.3
|
3.2
|
500
|
61
|
May 3'17
|
A17-058 did not reach
target, lost at 301 metres in sandstone
|
|
A17-059
|
50.30
|
51.10
|
0.80
|
37.5
|
0.5
|
69
|
70
|
June 8'17
|
|
58.00
|
60.00
|
2.00
|
6.3
|
0.0
|
12
|
30
|
June 8'17
|
A17-060
|
262.40
|
264.40
|
2.00
|
14.8
|
0.0
|
35
|
1178
|
May 3'17
|
and
|
275.00
|
279.50
|
4.50
|
15.0
|
0.0
|
20
|
383
|
May 3'17
|
and
|
298.00
|
328.50
|
30.52
|
3.4
|
0.2
|
10
|
38
|
May 3'17
|
|
including
|
303.40
|
312.00
|
8.60
|
5.1
|
0.1
|
11
|
6
|
May 3'17
|
A17-061
|
122.70
|
150.50
|
27.80
|
4.4
|
0.1
|
18
|
24
|
May 3'17
|
|
including
|
145.70
|
147.50
|
1.805
|
27.2
|
0.0
|
32
|
157
|
May 3'17
|
and
|
184.00
|
202.60
|
18.603
|
10.4
|
0.5
|
52
|
59
|
May 3'17
|
|
including
|
196.20
|
198.80
|
2.60
|
23.6
|
2.4
|
192
|
19
|
May 3'17
|
|
including
|
201.90
|
202.60
|
0.70
|
28.7
|
3.6
|
202
|
41
|
May 3'17
|
and
|
220.00
|
233.40
|
13.40
|
18.7
|
0.9
|
57
|
463
|
May 3'17
|
|
including
|
224.10
|
230.00
|
7.90
|
29.3
|
0.8
|
71
|
719
|
May 3'17
|
and
|
265.00
|
266.80
|
1.80
|
37.0
|
0.2
|
85
|
808
|
May 3'17
|
A17-062
|
152.40
|
153.05
|
0.655
|
33.6
|
0.3
|
166
|
42
|
June 28'17
|
A17-062 was lost
prior to target depth in a fault zone at 313 metres
|
|
A17-063
|
302.20
|
349.90
|
47.70
|
11.3
|
0.0
|
18
|
313
|
June 8'17
|
|
including
|
303.30
|
313.10
|
9.80
|
17.4
|
0.0
|
28
|
587
|
June 8'17
|
|
including
|
327.40
|
339.60
|
12.20
|
17.1
|
0.0
|
26
|
495
|
June 8'17
|
A17-064
|
269.90
|
270.40
|
0.50
|
15.6
|
0.0
|
11
|
304
|
June 8'17
|
and
|
277.20
|
277.60
|
0.40
|
14.5
|
0.0
|
17
|
39
|
June 8'17
|
A17-065
|
119.00
|
119.75
|
0.75
|
36.6
|
0.1
|
88
|
157
|
June 8'17
|
and
|
204.00
|
210.00
|
6.00
|
4.0
|
0.0
|
4
|
9
|
June 8'17
|
and
|
219.50
|
238.80
|
19.30
|
4.7
|
0.0
|
7
|
93
|
June 8'17
|
|
including
|
236.20
|
238.80
|
2.60
|
20.6
|
0.0
|
23
|
529
|
June 8'17
|
and
|
266.40
|
293.00
|
26.60
|
3.6
|
0.0
|
4
|
46
|
June 8'17
|
and
|
307.30
|
332.00
|
24.70
|
3.8
|
0.0
|
5
|
51
|
June 8'17
|
and
|
340.00
|
346.00
|
6.00
|
2.6
|
0.1
|
7
|
16
|
June 8'17
|
A17-066
|
185.20
|
185.50
|
0.30
|
37.8
|
0.0
|
40
|
1330
|
June 8'17
|
and
|
330.90
|
334.40
|
3.50
|
7.4
|
0.1
|
24
|
111
|
June 8'17
|
and
|
345.00
|
350.00
|
5.00
|
11.3
|
0.1
|
37
|
270
|
June 8'17
|
A17-067
|
256.40
|
265.00
|
8.60
|
2.7
|
0.2
|
39
|
0
|
June 28'17
|
A17-068
|
343.55
|
344.30
|
0.75
|
6.1
|
11.6
|
210
|
7
|
June 28'17
|
and
|
382.00
|
388.00
|
6.00
|
4.0
|
0.1
|
46
|
47
|
June 28'17
|
A17-069
|
182.00
|
190.00
|
8.00
|
3.0
|
0.5
|
13
|
17
|
June 28'17
|
and
|
261.60
|
262.30
|
0.70
|
17.8
|
0.0
|
14
|
73
|
June 28'17
|
and
|
271.40
|
300.70
|
29.30
|
10.4
|
0.1
|
17
|
278
|
June 28'17
|
|
including
|
287.30
|
299.40
|
12.10
|
19.1
|
0.1
|
25
|
440
|
June 28'17
|
A17-070
|
100.00
|
105.10
|
5.10
|
6.3
|
0.6
|
127
|
82
|
June 28'17
|
and
|
306.80
|
308.40
|
1.60
|
15.4
|
0.1
|
40
|
529
|
June 28'17
|
and
|
317.50
|
356.80
|
39.306
|
7.1
|
0.1
|
13
|
100
|
June 28'17
|
|
including
|
340.00
|
356.80
|
16.80
|
12.9
|
0.1
|
19
|
183
|
June 28'17
|
|
including
|
340.00
|
348.00
|
8.00
|
20.9
|
0.1
|
19
|
265
|
June 28'17
|
A17-071
|
327.20
|
350.00
|
22.80
|
8.4
|
0.8
|
35
|
17
|
Here
|
|
including
|
332.40
|
345.00
|
12.60
|
11.6
|
0.9
|
35
|
30
|
Here
|
A17-072
|
104.80
|
105.60
|
0.80
|
27.0
|
0.3
|
73
|
125
|
Here
|
and
|
294.50
|
306.00
|
11.50
|
2.9
|
2.3
|
781
|
0
|
Here
|
|
including
|
302.00
|
304.00
|
2.00
|
5.6
|
5.5
|
3167
|
0
|
Here
|
A17-073
|
no significant
results
|
|
Here
|
A17-074
|
71.40
|
73.60
|
2.205
|
31.0
|
0.1
|
138
|
23
|
Here
|
and
|
148.00
|
148.70
|
0.705
|
18.3
|
0.3
|
38
|
0
|
Here
|
A17-075
|
359.00
|
379.87
|
20.80
|
5.0
|
0.0
|
11
|
44
|
Here
|
|
including
|
376.30
|
379.80
|
3.50
|
10.2
|
0.0
|
17
|
96
|
Here
|
1 hole
lost at 293.9 metres; wedged and completed as A17-056A to 376
metres depth
|
2 includes
0.6 m with no core recovery from 315.2 to 315.8 m; this interval
was given a zero grade
|
3 includes
3.1 m with no core recovery from 198.8 to 201.9 m; this interval
was given a zero grade
|
4 includes
a silver assay cut at 1000 g/t
|
5 high
grade vein intercepts with variable true thicknesses
|
6 includes
4.3 m of no recovery assumed zero grade
|
7 includes
1.7 m of no recovery assumed zero grade
|
Note: Assays
are calculated using a zinc only cut-off grade of 2% over 6
metres
|
Notes on sampling and assaying:
Drill holes are diamond HQ or NQ size core holes with recoveries
generally above 80% and often close to 100%. The drill core
is marked up, logged, and photographed on site. The cores are
cut in half at the Company's core storage facility, with half-cores
stored as a future reference. Half-core is bagged on average
over 1 to 2 metre composite intervals and sent to either ALS or SGS
laboratories in Lima for assay in
batches. Standards and blanks are inserted into each batch
prior to departure from Tinka's core storage facilities. At
the laboratory samples are dried, crushed to 100% passing 2mm, then
500 grams pulverized for multi-element analysis by ICP (MS) using
multi-acid digestion. Samples assaying over 1% zinc, lead, or
copper are re-assayed using precise ore-grade AAS techniques.
Table 2. Summary of Drill Collar Information
Drill
Hole
|
WGS84
East
|
WGS84
North
|
Total depth
(m)
|
Elevation
(m)
|
Azimuth
|
Dip
|
A17-056
|
333046
|
8845062
|
293.9
|
4202
|
300
|
-75
|
A17-056A
|
333046
|
8845062
|
376.4
|
4202
|
300
|
-75
|
A17-057
|
333046
|
8845062
|
477.0
|
4202
|
300
|
-55
|
A17-058
|
332557
|
8845657
|
301.0
|
4299
|
040
|
-82
|
A17-059
|
332840
|
8845192
|
248.9
|
4209
|
120
|
-85
|
A17-060
|
333174
|
8845005
|
358.4
|
4218
|
300
|
-70
|
A17-061
|
333058
|
8844996
|
326.9
|
4191
|
290
|
-67
|
A17-062
|
333175
|
8845004
|
309.0
|
4218
|
000
|
-90
|
A17-063
|
333241
|
8845118
|
416.6
|
4229
|
310
|
-70
|
A17-064
|
333062
|
8844993
|
369.1
|
4191
|
290
|
-50
|
A17-065
|
333174
|
8845090
|
366.3
|
4225
|
300
|
-75
|
A17-066
|
333345
|
8845193
|
371.6
|
4211
|
310
|
-70
|
A17-067
|
333059
|
8844996
|
302.8
|
4190
|
120
|
-85
|
A17-068
|
333552
|
8845279
|
419.7
|
4185
|
310
|
-75
|
A17-069
|
333114
|
8845103
|
374.3
|
4210
|
300
|
-65
|
A17-070
|
333152
|
8845150
|
367.8
|
4230
|
310
|
-75
|
A17-071
|
333328
|
8845044
|
383.3
|
4202
|
310
|
-70
|
A17-072
|
333114
|
8845103
|
445.9
|
4233
|
300
|
-53
|
A17-073
|
334458
|
8846616
|
710.0
|
4024
|
210
|
-75
|
A17-074
|
332666
|
8845491
|
429.6
|
4124
|
015
|
-75
|
A17-075
|
333434
|
8845121
|
395.3
|
4201
|
310
|
-70
|
A17-076
|
333155
|
8845153
|
420.7
|
4230
|
310
|
-55
|
The qualified person, Dr. Graham
Carman, Tinka's President and CEO, and a Fellow of the
Australasian Institute of Mining and Metallurgy, has reviewed and
verified the technical contents of this release.
On behalf of the Board,
"Graham
Carman"
Graham
Carman, President & CEO
About Tinka Resources Limited
Tinka is an exploration
and development company with its flagship property being the
100%-owned Ayawilca carbonate replacement deposit (CRD) in the
zinc-lead-silver belt of central Peru, 200 kilometres northeast of Lima. The Ayawilca Zinc Zone has an Inferred
Mineral Resource of 18.8 Mt at 5.9 % zinc, 0.2 % lead, 15 g/t
silver & 74 g/t indium, and a Tin Zone Inferred Mineral
Resource of 5.4 Mt at 0.76 % tin, 0.31 % copper & 18 g/t
silver. Both resources are open for expansion (May 25, 2016). The Silver Zone at Colquipucro, 2
km north of the Zinc Zone, has an Indicated Mineral Resource of 2.9
Mt at 112 g/t silver for 10.4 Moz silver and an Inferred Mineral
Resource of 2.2 Mt at 105g/t silver for 7.5 Moz silver hosted by
oxidized lenses between the surface and 80 metres depth
(Feb. 26, 2015).
Forward Looking Statements: Certain information in this
news release contains forward-looking statements and
forward-looking information within the meaning of applicable
securities laws (collectively "forward-looking
statements"). All statements, other than statements of
historical fact are forward-looking statements. Forward-looking
statements are based on the beliefs and expectations of Tinka as
well as assumptions made by and information currently available to
Tinka's management. Such statements reflect the current
risks, uncertainties and assumptions related to certain factors
including, without limitations, drilling results, the Company's
expectations regarding mineral resource calculations, capital and
other costs varying significantly from estimates, production rates
varying from estimates, changes in world metal markets, changes in
equity markets, uncertainties relating to the availability and
costs of financing needed in the future, equipment failure,
unexpected geological conditions, imprecision in resource estimates
or metal recoveries, success of future development initiatives,
competition, operating performance, environmental and safety risks,
delays in obtaining or failure to obtain necessary permits and
approvals from local authorities, community agreements and
relations, and other development and operating risks. 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. Although Tinka
believes that assumptions inherent in the forward-looking
statements are reasonable, forward-looking statements are not
guarantees of future performance and accordingly undue reliance
should not be put on such statements due to the inherent
uncertainty therein. Except as may be required by applicable
securities laws, Tinka disclaims any intent or obligation to update
any forward-looking statement.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release
SOURCE Tinka Resources Limited