36.3 METRES GRADING 5.2 % ZINC INCLUDING 5.5
METRES GRADING 12.5 % ZINC IN HOLE
A17-079 MINERALIZATION REMAINS OPEN
VANCOUVER, Aug. 15, 2017 /CNW/ - Tinka Resources
Limited ("Tinka" or the "Company") (TSXV:
TK) (OTCPK: TKRFF) is pleased to announce assay results
of a further five step-out drill holes at the Company's 100%-owned
Ayawilca zinc project in central Peru. These results include two holes drilled
at each of West and South Ayawilca, with one hole drilled at
Central Ayawilca. Tinka continues to expand the footprint of
the zinc mineralization with an aggressive 2017 drill program –
approximately 12,000 metres have been drilled in 35 holes completed
during the campaign so far, with further step out holes planned for
the remainder of the year.
At West Ayawilca, holes A17-079 and A17-080 intersected
significant thicknesses of high grade zinc mineralization, and have
extended the West Ayawilca zinc zone by approximately 150 metres to
the northeast. Mineralization at West Ayawilca remains open
in that direction. At South Ayawilca, hole A17-078 has
intersected manto-style mineralization a further 250 metres east
from hole A17-075 (20.8 metres at 5.0 % zinc). Zinc
mineralization remains open at South Ayawilca over approximately
700 metres (see Figures 1 & 2).
Upcoming holes are planned to test the extensions of South
Ayawilca zinc mineralization to the east and south.
Additional holes are planned to follow up the bonanza silver
intercept in A17-072 (2 metres at 3,170 g/t silver).
Key Highlights
Hole A17-079 (West
Ayawilca):
- 36.25 metres at 5.2 % zinc, 0.2 % lead & 65 g/t indium
from 273.25 metres depth, including
-
- 5.5 metres at 12.5 % zinc & 103 g/t indium from 304.0
metres depth;
Hole A17-080 (West Ayawilca):
- 15.2 metres at 6.0 % zinc & 184 g/t indium from 291.3
metres depth, including
-
- 1.8 metres at 28.4 % zinc, 34 g/t silver & 1400 g/t
indium from 304.7 metres depth;
Hole A17-078 (South Ayawilca):
- 1.2 metres at 8.9 % zinc, 0.3% lead & 380 g/t silver
from 190.0 metres depth, and
- 4.3 metres at 7.8 % zinc, 0.1 % lead & 57 g/t indium
from 400.1 metres depth;
Hole A17-076 (South Ayawilca):
- 2.8 metres at 4.5 % zinc, 0.4 % lead, 54 g/t silver & 43
g/t indium from 196.7 metres depth;
Hole A17-077 (Central Ayawilca):
- 2.3 metres at 9.2 % zinc, 11 g/t silver & 79 g/t indium
from 337.3 metres depth.
Dr. Graham Carman, Tinka´s
President and CEO, stated: "The 2017 Ayawilca resource step-out
drill program continues to provide excellent results. The drilling
is expanding our zinc footprint well beyond resource boundaries, as
well as highlighting additional areas for potential
discoveries. South Ayawilca remains open for zinc extensions
over a strike distance of at least 700 metres, towards the
southeast, and remains one of our primary target areas for upcoming
drilling. Significantly, zinc grades improve to the south in some
areas associated with massive pyrite replacement rather than
pyrrhotite or magnetite, indicating high grade zinc mineralization
extends beyond the magnetic geophysical anomalies and opening up
new areas to explore. At West Ayawilca, high grade zinc
mineralization continues at least 150 metres beyond the 2016
resource boundary to the northeast. Tinka continues to
aggressively drill test zinc targets on the Ayawilca property,
heading towards a resource upgrade during the last quarter of
2017."
Results are now reported for 25 holes of the 35 holes completed
in the 2017 drill campaign. Two diamond drill rigs
continue to operate at the project currently drilling at Zone 3
(hole A17-092) and South Ayawilca (hole A17-093) – see Figure
1. Results are pending for several holes at the Valley and
Chaucha areas.
Maps attached: Drill hole locations at Ayawilca (Figure 1); Zinc
grade-thickness map (Figure 2); Cross section of West Ayawilca
(Figure 3); Geological map with all 2017 drill holes at Ayawilca
and Chaucha (Figure 4).
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 summarizes 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
|
Drill
hole
|
From
m
|
To
m
|
Interval
m
|
Zn
%
|
Pb
%
|
Ag
g/t
|
Indium
g/t
|
Reported
|
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
|
July 7'17
|
including
|
332.40
|
345.00
|
12.60
|
11.6
|
0.9
|
35
|
30
|
July 7'17
|
A17-072
|
104.80
|
105.60
|
0.80
|
27.0
|
0.3
|
73
|
125
|
July 7'17
|
and
|
294.50
|
306.00
|
11.50
|
2.9
|
2.3
|
781
|
0
|
July 7'17
|
including
|
302.00
|
304.00
|
2.00
|
5.6
|
5.5
|
3167
|
0
|
July 7'17
|
A17-073
|
no significant
results
|
|
July 7'17
|
A17-074
|
71.40
|
73.60
|
2.205
|
31.0
|
0.1
|
138
|
23
|
July 7'17
|
and
|
148.00
|
148.70
|
0.705
|
18.3
|
0.3
|
38
|
0
|
July 7'17
|
A17-075
|
359.00
|
379.87
|
20.80
|
5.0
|
0.0
|
11
|
44
|
July 7'17
|
including
|
376.30
|
379.80
|
3.50
|
10.2
|
0.0
|
17
|
96
|
July 7'17
|
A17-076
|
196.70
|
199.50
|
2.80
|
4.5
|
0.4
|
54
|
43
|
Here
|
and
|
264.00
|
269.90
|
5.90
|
1.2
|
1.0
|
58
|
0
|
Here
|
and
|
368.00
|
373.70
|
5.70
|
2.4
|
1.9
|
55
|
0
|
Here
|
A17-077
|
265.10
|
268.00
|
2.90
|
2.9
|
2.8
|
84
|
0
|
Here
|
and
|
337.30
|
339.60
|
2.30
|
9.2
|
0.0
|
11
|
79
|
Here
|
and
|
348.60
|
359.60
|
11.00
|
2.6
|
0.7
|
86
|
1
|
Here
|
A17-078
|
190.00
|
191.20
|
1.20
|
8.9
|
0.3
|
380
|
32
|
Here
|
and
|
400.10
|
404.40
|
4.30
|
7.8
|
0.1
|
4
|
57
|
Here
|
A17-079
|
209.30
|
225.15
|
15.85
|
2.4
|
1.2
|
25
|
0
|
Here
|
and
|
254.40
|
270.00
|
15.60
|
2.4
|
0.1
|
5
|
16
|
Here
|
and
|
273.25
|
309.50
|
36.25
|
5.2
|
0.2
|
10
|
65
|
Here
|
including
|
304.00
|
309.50
|
5.50
|
12.5
|
0.0
|
8
|
103
|
Here
|
A17-080
|
171.70
|
174.00
|
2.30
|
3.5
|
2.2
|
58
|
0
|
Here
|
and
|
291.30
|
306.50
|
15.20
|
6.0
|
0.0
|
7
|
184
|
Here
|
including
|
304.70
|
306.50
|
1.80
|
28.4
|
0.0
|
34
|
1400
|
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; actual assay in A17-056 was 0.2 m
at 16,490 g/t Ag, 7.0% Zn & 6.9 % Cu from 287.1 m.
|
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 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 using
multi-acid digestion. Samples assaying over 1% zinc, lead, or
copper and over 100 g/t silver are re-assayed using precise
ore-grade AAS techniques.
Table 2. Summary of Drill Collar Information
(coordinates are in UTM Zone 18S WGS84 datum)
Drill
Hole
|
Easting
|
Northing
|
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
|
A17-077
|
332966
|
8845460
|
416.2
|
4243
|
130
|
-70
|
A17-078
|
333656
|
8845227
|
477.2
|
4174
|
310
|
-75
|
A17-079
|
332919
|
8845717
|
322.6
|
4223
|
310
|
-65
|
A17-080
|
332915
|
8845805
|
335.4
|
4220
|
310
|
-70
|
I 43-101 Technical Report:
On June 29, 2016, Tinka filed an independent
National Instrument 43-101 Technical Report (the "NI 43-101
Technical Report") on the Mineral Resource Estimate for the
Ayawilca Property, Department of Pasco, Peru in support of the Company's news release
dated May 25, 2016. The NI
43-101 Technical Report was authored by Mr. David Ross. P.Geo., of Roscoe Postle Associates
Inc., who is an independent "qualified person" as defined by
National Instrument 43-101. The NI 43-101 Technical Report
may be found under the Company's profile on SEDAR at www.sedar.com
and on the Company's website at www.tinkaresources.com
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"
Dr. 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
(May 25, 2016). A significant
resource expansion drill program began in February 2017 and is ongoing.
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