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Tinka Resources unveils “exciting” new zinc discovery at Ayawilca

Monday, March 6, 2017 8:02
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(Before It's News)

Tinka Resources Ltd (CVE:TK) has been boosted by results from the first hole in its 10,000-metre drill program at Ayawilca, Peru, which has shown a new zinc discovery.

Hole A17-56 lies around 400 metres south of the existing Zinc Zone Inferred mineral resource, and over 250 metres from any previous drill hole at Ayawilca.

The company’s president and chief executive Dr Graham Carman said it was “exciting”.

“This early success gives the Tinka team a great deal of confidence that our geological models and targeting methods are working. We are drilling a magnetic anomaly at South Ayawilca, and there are several other untested magnetic and zinc anomalies on the property that will be drilled in 2017.”

He added: “This discovery at South Ayawilca is very significant. The drill hole contains some high zinc grades, and opens up a large new area to potentially grow our zinc resources, particularly of the higher grade ‘chimney style’ mineralization we have already identified at West Ayawilca.

“We look forward to completing A17-56 to determine the extent of the mineralization to depth. Upcoming holes will test if this mineralization links up with existing mineral resources at West and/or Central Ayawilca. Given this early success, we are immediately mobilizing a second drill rig to site.”

Key highlights from the hole include 62.4 metres at a grade of 5.6 % zinc from a depth of 127.5 metres.

That included a length of 17.9 metres at 11.6% zinc from 127.5 metres.

These results only speak to a depth of 238 metres so far and the hole will continue to the base of the favourable limestone unit, with further high-grade zinc intersections expected.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/174316/

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