VANCOUVER, Nov. 3, 2017 /CNW/ - Tinka Resources
Limited ("Tinka" or the "Company") (TSXV &
BVL: TK) (OTCPK: TKRFF) is pleased to announce tin assay
results for eight drill holes from the South Ayawilca zinc
discovery area in central Peru
(zinc intercepts from these holes were previously reported earlier
in 2017). Tin mineralization at Ayawilca is predominantly in
the form of cassiterite (SnO2), disseminated in
flat-lying massive to semi-massive pyrrhotite 'mantos' which are
physically separated from the zinc zones. Tin at South
Ayawilca connects and expands the known tin mineralization at
Central Ayawilca, which includes drill intercepts of 50.5 metres
grading 1.23 % tin & 0.16 % copper in hole A15-040, and 50.0
metres grading 0.52 % tin & 0.25 % copper in A15-039 (News
Releases October 13, 2015 &
September 29, 2015) (see Figure
1).
Assays for four new zinc drill hole intercepts are also reported
below. An updated zinc and tin resource estimate is expected
shortly, with results for all the holes to be included in the
resource update now reported (up to hole A17-098). Two drill
rigs continue to test new targets at Ayawilca - current holes
are A17-105 and A17-091A (Valley and Zone 3 areas, respectively)
with several more holes planned before the end of the year.
Key Highlights of Tin intercepts at South
Ayawilca
Hole A17-063:
- 13.0 metres at 1.57 % tin from 273.0 metres depth,
including
-
- 4.0 metres at 2.82 % tin from 275.0 metres depth;
and
- 5.5 metres at 1.22 % tin, 0.22 % copper & 16 g/t silver
from 369.0 metres depth, including
-
- 1.1 metres at 3.72 % tin, 0.81% copper & 32 g/t silver
from 373.4 metres depth;
Hole A17-069:
- 39.0 metres at 0.37 % tin from 206 metres depth;
Hole A17-070:
- 16.7 metres at 0.51 % tin from 285.0 metres depth,
including
-
- 3.3 metres at 1.45 % tin from 286.7 metres depth,
and
- 2.0 metres at 2.16 % tin from 348.0 metres depth,
and
- 2.0 metres at 1.42 % tin, 0.56 % copper & 75 g/t silver
from 362 metres depth;
Hole A17-56:
- 15.1 metres at 0.56 % tin from 212.0 metres depth,
including
-
- 3.95 metres at 1.07 % tin from 217.35 metres depth.
Note: A cut-off of 0.2% tin over 6 metres has been
applied.
Dr. Graham Carman, Tinka´s
President and CEO, stated: "Tinka is focusing on realizing the
potential of the extensive high-grade zinc mineralization at
Ayawilca. However, we believe the project also offers
additional upside for other commodities, especially for tin, which
occurs in separate mineralized bodies to the zinc. Tin intercepts
reported here from South Ayawilca are believed to connect with the
Central Ayawilca tin resource, extending the footprint of the tin
mineralization by several hundred metres. Tin is currently
trading at ~6 times the price of zinc, and ~3 times the price of
copper on the London Metals Exchange, so these tin intercepts are
potentially significant to the project. We look forward to
updating our zinc and tin resources very shortly, which will
include the 2017 South Ayawilca discovery."
Zinc assays for four new drill holes from the Ayawilca South and
Valley zones are also reported here, with all holes intersecting
significant zinc mineralization. Two holes drilled at the Valley
area targeted previously untested magnetic anomalies. Results have
confirmed the presence of zinc mineralization at or near the base
of the host carbonate sequence. Two holes tested extensions
of South Ayawilca (A17-095 & 098). See Figure 1 for drill
holes locations.
Highlights of new Zinc intercepts at Ayawilca
Hole
A17-090 (Valley area):
- 1.5 metres at 6.6 % zinc, 0.5 % lead & 13 g/t silver
from 132.6 metres depth;
Hole A17-092 (Valley area):
- 11.7 metres at 3.2 % zinc, 0.2 % lead & 32 g/t silver
from 241.8 metres depth;
Hole A17-095 (South Ayawilca):
- 1.8 metres at 14.8 % zinc, 0.1% lead & 48 g/t silver
from 52.2 metres depth, and
- 2.0 metres at 7.2 % zinc, 0.6 % lead, 163 g/t silver &
146 g/t indium from 101.7 metres depth;
Hole A17-098 (South Ayawilca):
- 3.4 metres at 4.3 % zinc & 18 g/t silver from 230.6
metres depth, and
- 3.7 metres at 4.3 % zinc & 11 g/t silver from 238.6
metres depth.
Dr. Graham Carman, Tinka´s
President and CEO, continued: "Drill results from the Valley
area, about 1 kilometre north of the Ayawilca zinc zone resources,
indicate that the Ayawilca zinc system is very large and has
significant potential to grow. We plan to continue drill testing
for new zinc discoveries even as an updated resource estimate is
being finalized. This strategy allows Tinka to pursue the blue-sky
potential of Ayawilca, while simultaneously working towards
de-risking the known resources."
Drill Progress
Seven drill holes from South and
Central Ayawilca have assays pending (A17-097, 099 to 104).
Two holes are currently in progress at Zone 3 (A17-091A) and Valley
(A17-105).
True thicknesses of the zinc and tin intersections are estimated
to be at least 85% of the downhole thickness, except where
otherwise noted in footnotes to Table 1 and Table 2. All
significant zinc (lead, silver, indium) intercepts of the 2017
program are summarized in Table 1 with the strongest intercepts in
bold text. Significant tin (copper, silver) intercepts of the 2017
program are summarized in Table 2. Table 3 summarizes drill collar
information.
NI 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.
Table 1. Summary of significant zinc (lead, silver, indium)
intercepts for Ayawilca drill program 2017
Drill
hole
|
From
m
|
To
m
|
Interval
m
|
Zn
%
|
Pb
%
|
Ag
g/t
|
Indium
g/t
|
Area
Ayawilca
|
Reported
|
A17-0561
|
90.30
|
90.65
|
0.35
|
29.0
|
0.4
|
82
|
443
|
South
|
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
|
South
|
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
|
South
|
April 3
'17
|
and
|
143.70
|
144.50
|
0.80
|
40.4
|
0.1
|
138
|
261
|
|
April 3
'17
|
Drill
hole
|
From
m
|
To
m
|
Interval
m
|
Zn
%
|
Pb
%
|
Ag
g/t
|
Indium
g/t
|
Area
Ayawilca
|
Reported
|
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
|
West
|
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
|
South
|
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
|
South
|
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
|
South
|
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
|
South
|
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
|
South
|
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
|
South
|
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
|
South
|
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
|
South
|
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
|
South
|
June 28'17
|
A17-068
|
343.55
|
344.30
|
0.75
|
6.1
|
11.6
|
210
|
7
|
Central
|
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
|
South
|
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
|
South
|
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
|
South
|
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
|
South
|
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
|
Drill
hole
|
From
m
|
To
m
|
Interval
m
|
Zn
%
|
Pb
%
|
Ag
g/t
|
Indium
g/t
|
Area
Ayawilca
|
Reported
|
A17-073
|
no significant
results
|
Zone 3
|
July 7'17
|
A17-074
|
71.40
|
73.60
|
2.205
|
31.0
|
0.1
|
138
|
23
|
West
|
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
|
South
|
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
|
South
|
Aug 15 '17
|
and
|
264.00
|
269.90
|
5.90
|
1.2
|
1.0
|
58
|
0
|
|
Aug 15 '17
|
and
|
368.00
|
373.70
|
5.70
|
2.4
|
1.9
|
55
|
0
|
|
Aug 15 '17
|
A17-077
|
265.10
|
268.00
|
2.90
|
2.9
|
2.8
|
84
|
0
|
Central
|
Aug 15 '17
|
and
|
337.30
|
339.60
|
2.30
|
9.2
|
0.0
|
11
|
79
|
|
Aug 15 '17
|
and
|
348.60
|
359.60
|
11.00
|
2.6
|
0.7
|
86
|
1
|
|
Aug 15 '17
|
A17-078
|
190.00
|
191.20
|
1.20
|
8.9
|
0.3
|
380
|
32
|
Central
|
Aug 15 '17
|
and
|
400.10
|
404.40
|
4.30
|
7.8
|
0.1
|
4
|
57
|
|
Aug 15 '17
|
A17-079
|
209.30
|
225.15
|
15.85
|
2.4
|
1.2
|
25
|
0
|
West
|
Aug 15 '17
|
and
|
254.40
|
270.00
|
15.60
|
2.4
|
0.1
|
5
|
16
|
|
Aug 15 '17
|
and
|
273.25
|
309.50
|
36.25
|
5.2
|
0.2
|
10
|
65
|
|
Aug 15 '17
|
including
|
304.00
|
309.50
|
5.50
|
12.5
|
0.0
|
8
|
103
|
|
Aug 15 '17
|
A17-080
|
171.70
|
174.00
|
2.30
|
3.5
|
2.2
|
58
|
0
|
West
|
Aug 15 '17
|
and
|
291.30
|
306.50
|
15.20
|
6.0
|
0.0
|
7
|
184
|
|
Aug 15 '17
|
including
|
304.70
|
306.50
|
1.80
|
28.4
|
0.0
|
34
|
1400
|
|
Aug 15 '17
|
A17-081
|
no significant
results
|
Zone 3
|
Sep 18 '17
|
A17-082
|
not sampled - did not
reach target depth
|
Chaucha
|
Sep 18 '17
|
A17-083
|
81.60
|
84.50
|
2.90
|
8.0
|
0.6
|
61
|
133
|
West
|
Sep 18 '17
|
and
|
175.80
|
178.70
|
2.90
|
2.9
|
1.3
|
46
|
0
|
|
Sep 18 '17
|
and
|
268.00
|
278.20
|
10.20
|
3.0
|
0.7
|
15
|
3
|
|
Sep 18 '17
|
A17-084
|
no significant
results
|
Chaucha
|
Sep 18 '17
|
A17-085
|
100.00
|
102.00
|
2.00
|
8.3
|
0.0
|
10
|
28
|
West
|
Sep 18 '17
|
and
|
292.30
|
294.10
|
1.80
|
9.6
|
0.1
|
4
|
2
|
|
Sep 18 '17
|
and
|
303.10
|
305.50
|
2.40
|
14.3
|
0.2
|
18
|
20
|
|
Sep 18 '17
|
A17-086
|
no significant
results
|
Chaucha
|
Sep 18 '17
|
A17-087
|
133.50
|
134.40
|
0.90
|
9.6
|
0.1
|
472
|
15
|
South
|
Sep 18 '17
|
and
|
148.00
|
150.00
|
2.00
|
3.9
|
0.1
|
166
|
9
|
|
Sep 18 '17
|
and
|
242.00
|
242.80
|
0.80
|
7.4
|
3.3
|
607
|
26
|
|
Sep 18 '17
|
and
|
262.90
|
264.55
|
1.65
|
5.4
|
0.2
|
84
|
1
|
|
Sep 18 '17
|
A17-088
|
no significant
results
|
Valley
|
Sep 18 '17
|
A17-089
|
218.60
|
229.40
|
10.80
|
16.7
|
0.0
|
33
|
681
|
South
|
Sep 18 '17
|
including
|
218.60
|
220.40
|
1.80
|
35.9
|
0.0
|
40
|
1248
|
|
Sep 18 '17
|
including
|
222.50
|
225.20
|
2.70
|
33.6
|
0.1
|
68
|
1800
|
|
Sep 18 '17
|
and
|
241.00
|
250.20
|
9.20
|
7.9
|
0.0
|
18
|
60
|
|
Sep 18 '17
|
including
|
245.70
|
246.80
|
1.10
|
25.7
|
0.1
|
49
|
355
|
|
Sep 18 '17
|
including
|
249.40
|
250.20
|
0.80
|
35.6
|
0.1
|
51
|
103
|
|
Sep 18 '17
|
A17-090
|
132.60
|
134.10
|
1.50
|
6.6
|
0.5
|
13
|
5
|
Valley
|
Here
|
A17-091
|
Hole currently being
redrilled
|
Zone 3
|
Pending
|
A17-092
|
241.80
|
253.50
|
11.70
|
3.17
|
0.2
|
32
|
44
|
Valley
|
Here
|
A17-093
|
331.50
|
336.00
|
4.50
|
1.4
|
1.2
|
59
|
3
|
South
|
Oct 2 '17
|
and
|
382.00
|
391.008
|
9.00
|
2.7
|
0.7
|
51
|
13
|
|
Oct 2 '17
|
including
|
388.30
|
391.00
|
2.70
|
6.8
|
1.1
|
108
|
26
|
|
Oct 2 '17
|
A17-094
|
394.00
|
395.20
|
1.20
|
1.6
|
2.1
|
193
|
0
|
South
|
Oct 2 '17
|
A17-095
|
52.20
|
54.00
|
1.80
|
14.8
|
0.1
|
48
|
40
|
South
|
Here
|
and
|
101.70
|
103.70
|
2.00
|
7.2
|
0.6
|
163
|
146
|
South
|
Here
|
A17-096
|
241.50
|
287.00
|
45.50
|
7.8
|
0.0
|
8
|
111
|
South
|
Oct 2 '17
|
including
|
250.80
|
261.40
|
10.60
|
15.5
|
0.1
|
23
|
320
|
|
Oct 2 '17
|
and
|
298.40
|
300.10
|
1.70
|
7.3
|
0.0
|
7
|
46
|
|
Oct 2 '17
|
and
|
304.80
|
308.60
|
3.80
|
8.3
|
0.0
|
6
|
82
|
|
Oct 2 '17
|
and
|
315.20
|
356.00
|
40.80
|
9.4
|
0.1
|
15
|
145
|
|
Oct 2 '17
|
including
|
319.00
|
324.00
|
5.00
|
17.2
|
0.0
|
28
|
591
|
|
Oct 2 '17
|
including
|
342.60
|
354.50
|
11.90
|
17.4
|
0.1
|
20
|
80
|
|
Oct 2 '17
|
Drill
hole
|
From
m
|
To
m
|
Interval
m
|
Zn
%
|
Pb
%
|
Ag
g/t
|
Indium
g/t
|
Area
Ayawilca
|
Reported
|
A17-098
|
230.60
|
234.00
|
3.40
|
4.3
|
0.0
|
18
|
43
|
South
|
Here
|
and
|
238.60
|
242.30
|
3.70
|
4.3
|
0.0
|
11
|
21
|
|
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
|
|
|
8 includes
1.3 m of no recovery assumed zero grade
|
|
|
Note: Assays
are calculated using a zinc only cut-off grade of 2% over 6
metres
|
|
|
Table 2. Summary of significant tin (copper, silver)
intercepts for Ayawilca drill program 2017
Drill
hole
|
From
m
|
To
m
|
Interval
m
|
Sn
%
|
Cu
%
|
Ag
g/t
|
Area
Ayawilca
|
Reported
|
A17-056
|
212.00
|
227.10
|
15.10
|
0.56
|
0.04
|
6
|
South
|
Here
|
including
|
217.35
|
221.30
|
3.95
|
1.07
|
0.03
|
6
|
|
Here
|
A17-057
|
202.29
|
225.74
|
23.45
|
0.37
|
0.03
|
9
|
South
|
Here
|
A17-063
|
273.00
|
286.00
|
13.00
|
1.57
|
0.04
|
7
|
South
|
Here
|
including
|
275.00
|
279.00
|
4.00
|
2.82
|
0.04
|
5
|
|
Here
|
and
|
369.00
|
374.50
|
5.50
|
1.22
|
0.22
|
16
|
|
Here
|
including
|
373.40
|
374.50
|
1.10
|
3.72
|
0.81
|
32
|
|
Here
|
A17-065
|
348.00
|
352.00
|
4.00
|
0.30
|
0.08
|
6
|
South
|
Here
|
A17-068
|
380.00
|
388.00
|
8.00
|
0.51
|
0.13
|
47
|
South
|
Here
|
A17-069
|
206.00
|
245.00
|
39.00
|
0.37
|
0.05
|
6
|
South
|
Here
|
A17-070
|
269.20
|
274.00
|
4.80
|
0.44
|
0.05
|
17
|
South
|
Here
|
and
|
285.00
|
301.70
|
16.70
|
0.51
|
0.05
|
9
|
|
Here
|
including
|
286.70
|
290.00
|
3.30
|
1.45
|
0.05
|
9
|
|
Here
|
and
|
348.00
|
350.00
|
2.00
|
2.16
|
0.03
|
11
|
|
Here
|
and
|
356.80
|
358.60
|
1.80
|
1.33
|
0.09
|
25
|
|
Here
|
and
|
362.00
|
364.00
|
2.00
|
1.42
|
0.56
|
75
|
|
Here
|
A17-075
|
376.30
|
379.80
|
3.50
|
0.79
|
0.08
|
17
|
South
|
Here
|
Note: Assays
are calculated using a tin only cut-off grade of 0.2% 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.
Samples which assayed approximately 200 ppm tin or greater in
the ICP analysis were re-assayed for tin by fusion with sodium
peroxide and AAS finish (SGS Lima laboratory method SGS-MN-ME-112)
or by XRF pressed powder technique (ALS Lima laboratory method
ME-XRF15b).
Table 3. 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
|
A17-081
|
334696
|
8846099
|
506.8
|
4151
|
190
|
-70
|
A17-082
|
333774
|
8847585
|
67.2
|
3922
|
290
|
-65
|
A17-083
|
332968
|
8845607
|
317.6
|
4216
|
310
|
-70
|
A17-084
|
333694
|
8847613
|
123.1
|
3938
|
300
|
-75
|
A17-085
|
332903
|
8845938
|
346.6
|
4250
|
310
|
-70
|
A17-086
|
333693
|
8847613
|
217.9
|
3938
|
300
|
-50
|
A17-087
|
333005
|
8844940
|
316.8
|
4160
|
290
|
-72
|
A17-088
|
332689
|
8846884
|
224.6
|
4163
|
170
|
-65
|
A17-089
|
333003
|
8844943
|
330.1
|
4160
|
325
|
-60
|
A17-090
|
333099
|
8846807
|
213.9
|
4135
|
240
|
-60
|
A17-091
|
334043
|
8846140
|
480.6
|
4093
|
35
|
-70
|
A17-092
|
333101
|
8846805
|
270.6
|
4134
|
240
|
-45
|
A17-093
|
333551
|
8845146
|
408.0
|
4179
|
310
|
-75
|
A17-094
|
333678
|
8845009
|
418.6
|
4157
|
310
|
-80
|
A17-095
|
332840
|
8845199
|
362.1
|
4203
|
120
|
-75
|
A17-096
|
333174
|
8845088
|
366.3
|
4218
|
270
|
-65
|
A17-097
|
333331
|
8845046
|
370.0
|
4203
|
130
|
-85
|
A17-098
|
333172
|
8845090
|
352.7
|
4218
|
140
|
-80
|
A17-099
|
333435
|
8845122
|
400.7
|
4191
|
130
|
-85
|
A17-100
|
333810
|
8845256
|
450.0
|
4161
|
130
|
-85
|
A17-101
|
333346
|
8845194
|
450.0
|
4208
|
250
|
-75
|
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