Tinka Drills 13 Metres Grading 1.6 % Tin at South Ayawilca

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 Werbung Mehr Nachrichten zur Tinka Resources Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 10:20 - PR Newswire Pentwater Capital Management LP - Form 8.3 - Network International Holdings Plc 10:15 - PR Newswire Aberforth Partners LLP - Form 8.3 - Crest Nicholson Holdings plc 09:00 - PR Newswire Samson Rock Capital LLP - Form 8.3 - Mattioli Woods plc Einmalige Chance    Deutsche Aktie im Höhenflug weiterlesen» Anzeige wo-site-teaser-box-17289_site-teaser-box_2024-06-17_08%253A00%253A00_2024-06-18_09%253A00%253A59