VANCOUVER, Oct. 24, 2017 /CNW/ - Tinka Resources
Limited ("Tinka" or the "Company") (TSXV:
TK) (BVL: TK) (OTCPK: TKRFF) announces that its
common shares have been listed for trading on the Lima Stock
Exchange ("BVL"). Trading will be conducted under the ticker
symbol 'TK'. Kallpa Securities S.A.B., an authorized and
regulated securities broker in Peru, is acting as Tinka's sponsoring
broker.
Dr. Graham Carman, President
& CEO, stated: "We are excited to be listing Tinka on the
Lima stock exchange, at a
time of rising zinc prices due to the fundamental shortage of zinc
on world metal markets. We have confidence in the future of
Peru and its mining industry.
Central Peru is a world-class zinc
producer, and at the Ayawilca project, Tinka has one of the largest
zinc discoveries in the region in many years. Tinka will be joining
a limited number of producing zinc companies already listed
on the BVL. Having a local listing will provide an
opportunity for investors in the region to own Tinka shares and
participate in the future success of our company."
The BVL is also a participant of the Mercado Integrado
Latinoamericano ("MILA"). Through MILA, the BVL is
increasingly integrated with the regional equity markets in
Colombia, Chile and Mexico. Additional information
about the BVL can be found at www.bvl.com.pe (in Spanish).
About Tinka Resources Limited
Tinka is an exploration
and development company with its flagship property being the
100%-owned Ayawilca Property 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 8.2% Zinc
Eq, and a Tin Zone Inferred Mineral Resource of 5.4 Mt at 0.89% Tin
Eq, both open for expansion (May 25,
2016). The Silver Zone at Colquipucro, 2 km north of the
Zinc Zone, has Indicated Mineral Resources of 2.9 Mt at 112g/t Ag
for 10.4 Moz Ag and Inferred Mineral
Resources of 2.2 Mt at 105g/t Ag for 7.5 Moz Ag hosted by oxidized silver-rich lenses
less than 80 metres from surface (Feb. 26,
2015). 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
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, the Company's expectations
regarding the listing on the BVL, 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, community
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