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Tinka Resources receives approval for Ayawilca EIA

Wednesday, November 23, 2016 8:49
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(Before It's News)

Tinka Resources Ltd. (CVE:TK) said on Wednesday its environmental impact assessment (EIA) for the Ayawilca project has been approved by the Peruvian government.

The Ministry of Energy and Mines accepted a modified EIA which will allow the company to drill from up to 79 drill platforms within the communities of San Juan de Yanacocha and Huarautambo.

An additional 85 drill platforms will shortly be permitted on adjacent land owned by the community of San Pedro de Pillao.

As reported the company has formalized access agreements with all three local communities for a period of up to four years. Read more.

“We are very pleased to have received the final approval of the Ayawilca EIA, which is a significant milestone for the company,” said Dr. Graham Carman, Tinka’s president and chief executive officer.

“Tinka has now filed for the authorization to commence drilling activities with the Ministry of Energy and Mines, a final review process which is a standard procedure in Peru, expected to take several weeks. We have already identified a well-qualified drill contractor ready to commence drilling at the project in January, 2017.”

Dr. Carman continued: “Following the recent $11-million financing, Tinka is now fully funded and well positioned to move our Ayawilca project rapidly forward through an aggressive drill program in 2017. The Ayawilca zinc resource remains open in most directions, and we look forward to testing the extensions of the resource mineralization as well as many exciting new zinc (and tin) targets within the Ayawilca district. We believe that Ayawilca has the potential to become a major new zinc district, and we look forward to the opportunity to finally test the property’s full potential.”

Story by ProactiveInvestors

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