Tinka Increases Inferred Silver Resource To 32.7 Million Ounces At Colquipucro, Peru
Published : October 15, 2012
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Keywords :   K Street | Peru | Report | Silver |

Tinka Increases Inferred Silver Resource To 32.7 Million Ounces At Colquipucro, Peru

VANCOUVER, Oct. 15, 2012 /CNW/ - Tinka Resources Limited (the "Company"), (TSXV: TK) (Frankfurt: TLD) (OTCPK: TKRFF), announces an updated resource estimate for the Zone 1 silver deposit located within  the Company's 100 percent-owned Colquipucro project, central Peru.

Mr Carter said: "We are extremely pleased with the increase in the resource from a limited number of new drill holes. Infill drilling along existing lines, where data is missing, will likely provide additional resources. The Company is also applying for an amendment to the drill permit to test the contiguous area of surface mineralization to the northwest of the resource (see press release September 17, 2012)."

Two cut-off levels, 15 g/t Ag and 30 g/t Ag, and a rock density of 2.65 tonnes per cubic metre were used in this estimate. Samples assayed from a total of 25 drill holes, 3 surface trenches and 2 underground workings were used in arriving at this resource estimate.

All samples from the phase 2 drilling program were delivered to SGS Laboratories in Lima, Peru by Company personnel. The samples were all tested for multi-elements using ICP technique following a multi-acid digestion. Silver values greater than 100 ppm (g/t) were re-analyzed using a gravimetric technique. The Company routinely inserted known standards and blanks with the samples submitted to the laboratory.

Zone 1 Inferred Resources, Silver

Cut-off 15 g/t Ag 15 g/t Ag 15 g/t Ag   30 g/t Ag 30 g/t Ag 30 g/t Ag
Category Tonnes Average
Grade: g/t (oz)
Contained
Oz.
  Tonnes Average
Grade: g/t (oz)
Contained Oz.
Sandstone 8,423,384 75.82 (2.21) 20,532,198   5,423,756 112.04 (3.27) 19,536,758
Lower Units 5,522,618 68.67 (2.00) 12,192,243   3,018,155 103.42 (3.02) 10,035,044
Global 13,946,002 72.98 (2.13) 32,724,441   8,441,911 108.95 (3.18) 29,571,802

Ten new holes were drilled during 2011-2012 in the "extension zone" immediately north of and contiguous with the Zone 1 deposit. This program successfully increased the inferred resource by almost 50%, from 20.3 million ounces to 29.6 million ounces, using a 30 g/t cut-off.

Due to the fairly wide spacing of data between section lines, all resources are still classified as inferred, as was the original estimate reported in 2008. An attempt at block modeling indicated that the data density is not sufficient for this method to produce a meaningful figure at this time; once in-fill drilling has been completed, a revised resource will be commissioned.

The Company's qualified person, John Nebocat, P.Eng., has recently compiled this estimate in an updated NI43-101 report that will be filed under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.tinkaresources.com. Recommended infill drilling along existing section lines will likely provide additional resources where data is missing, and drilling along closer spaced lines should upgrade the resource from an inferred to indicated category.

The Company's Qualified Person, John Nebocat (P.Eng.), has reviewed and approved the contents of this news release.

On behalf of the Board,

"Andrew Carter"
Andrew Carter, President &
CEO


Forward Looking Statements This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management.  Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events.  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.

Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.

 

SOURCE: Tinka Resources Limited

For further information:

Company Contact:
Mariana Bermudez at (604) 699 0202 or
email: mbermudez@chasemgt.com

website:  www.tinkaresources.com

Investor Information Contact: 
Bay Street Connect
Michael D'Amico
Tel:   1.647.500.6023
Email: michael@baystreetconnect.com

Data and Statistics for these countries : Peru | All
Gold and Silver Prices for these countries : Peru | All

Tinka Resources Ltd

EXPLORATION STAGE
CODE : TK.V
ISIN : CA8875221001
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Tinka Resources is a silver and zinc exploration company based in Canada.

Tinka Resources holds various exploration projects in Peru.

Its main exploration properties are COLQUIPUCRO and TIBILLOS in Peru.

Tinka Resources is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 26.9 millions as of today (US$ 21.5 millions, € 18.8 millions).

Its stock quote reached its lowest recent point on January 09, 2009 at CA$ 0.03, and its highest recent level on March 22, 2013 at CA$ 1.25.

Tinka Resources has 206 720 000 shares outstanding.

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Annual reports of Tinka Resources Ltd
Annual Report 2008
Financings of Tinka Resources Ltd
11/8/2013Provides Update on Private Placement Financing
10/8/2013Announces First Tranche Non-Brokered Private Placement Closi...
9/23/2013Announces Non-Brokered Private Placement Financing
5/14/2013Closes Private Placement Financing
12/11/2012Tinka Announces Non-Brokered Private Placement Financing
12/11/2012Announces Non-Brokered Private Placement Financing
6/22/2011TINKA AMENDS TERMS OF PRIVATE PLACEMENT
6/2/2011TINKA ANNOUNCES $5 MILLION FINANCING
Nominations of Tinka Resources Ltd
2/7/2013Tinka Announces Appointment of Mr. Allen Morton to its Advis...
2/2/2013Tinka Announces Appointment of New Investor Relations Consul...
Project news of Tinka Resources Ltd
9/29/2015Tinka extends zinc, tin, copper mineralization at Ayawilca
2/23/2015Tinka confirms indium with zinc mineralization at Ayawilca, ...
2/10/2015Tinka expands zinc, tin, copper mineralization at Ayawilca, ...
1/15/2015(Colquipucro)announces results of 1,600 metre ten-hole drill program at C...
2/18/2014Drills 36 Metres of 5.93% Zinc and 22.8 Metres of 5.80% Zinc...
1/15/2014Drills 24 Metres of 2.8% Zinc and 6.3 Metres of 6.19% Zinc a...
9/25/2013Mobilizes Drill Rig to Ayawilca Project, Peru
9/10/2013Resumes Work at Ayawilca Project in Preparation for Drilling
6/11/2013Tinka Drills 24 Metres of 4.79% Zinc and 10 Metres of 7.85% ...
6/11/2013Drills 24 Metres of 4.79% Zinc and 10 Metres of 7.85% Zinc ...
5/22/2013Tinka Drills 60 Metres of 7.75% Zinc (Including 24 Metres of...
4/2/2013Tinka Drills 16 Metres of 4.62% Zinc (Including 8 Metres of ...
3/26/2013Tinka Drills 18.7 Metres of 165 g/t Ag
2/13/2013Tinka Resources Named to TSX Venture Top 50
1/29/2013Tinka Commences Third IP Survey At Ayawilca Project And Init...
1/10/2013Tinka Resumes Drilling at Colquipucro and Ayawilca Projects,...
1/10/2013(Colquipucro)Resumes Drilling at Colquipucro and Ayawilca Projects, Peru
10/15/2012Tinka Increases Inferred Silver Resource To 32.7 Million Oun...
10/2/2012Tinka Resumes Exploration At The Chaucha Zone, Colquipucro, ...
10/2/2012(Colquipucro)Resumes Exploration At The Chaucha Zone, Colquipucro, Peru
9/17/2012Tinka Identifies Further Surface Mineralization At Zone 1, C...
9/10/2012Tinka Resumes Drilling At The Ayawilca Zone,
9/10/2012(Colquipucro)Resumes Drilling At The Ayawilca Zone, Colquipucro, Peru
5/1/2012Tinka Drills 20 m of 85.9 g/t Silver At
3/13/2012Tinka Drills 92.7 m of 92 g/t Silver,
2/21/2012Tinka drills 42 m of 165 g/t silver
5/27/2011(Colquipucro)DRILLING COMMENCES AT TINKA'S COLQUIPUCRO SILVER PROJECT, PE...
5/24/2011DRILLING COMMENCES AT TINKA'S COLQUIPUCRO
3/7/2011(Colquipucro)SIGNS DIAMOND DRILL CONTRACT FOR COLQUIPUCRO SILVER PROJECT,...
1/24/2011(Tibillos)IDENTIFIES DRILL TARGETS AT TIBILLOS COPPER PORPHYRY PROJECT...
8/28/2007(Colquipucro)Announces Positive Silver Results, Colquipucro Silver-Zinc P...
8/15/2007(Colquipucro)Update on Drill Program at Colquipucro Silver-Zinc Project, ...
5/15/2007(Colquipucro)Starts Drilling Colquipucro Silver Project, Peru
Corporate news of Tinka Resources Ltd
7/25/2016Tinka Appoints Investor Relations Consultant
6/29/2016Tinka Announces Filing Of NI 43-101 Technical Report On The ...
6/27/2016Tinka Commences Property-Wide Airborne Geophysics At Ayawilc...
4/21/2016Tinka Announces AGM Results
4/4/2016Tinka Announces Grant Of Stock Options
3/23/2016Tinka Resources Appoints Mary L. Little To Board Of Director...
3/21/2016Tinka Announces Passing Of Director William Lee
1/20/2016Tinka Continues to Expand Zinc and Tin Footprint at Ayawilca
10/28/2015Tinka Drills 14.9 Metres at 1.1% Tin & 0.36% Copper at Ayawi...
10/13/2015Tinka Drills 50.5 Metres at 1.23% Tin & 0.16% Copper at Ayaw...
7/28/2015commences 10,000 metre drill program at Ayawilca zinc projec...
7/27/2015Hot Maden – Continues to Deliver Significant Results
4/20/2015announces appointment of new Vice President Exploration
4/20/2015announces appointment of new Vice President Exploration
4/20/2015Tinka announces appointment of new Vice President Exploratio...
4/13/2015Tinka Announces C$7.0 Million Private Placement Financing wi...
3/27/2015Tinka Announces Filing of NI 43-101 Technical Report on the ...
2/27/2015Tinka Announces AGM Results
2/27/2015IIROC Trading Resumption - TK
2/26/2015Tinka Announces Initial Inferred Zinc Resource of 13.3 Milli...
2/26/2015IIROC Trading Halt - TK
1/15/2015Tinka announces results of 1,600 metre ten-hole drill progra...
12/18/2014(Colquipucro)provides update on drill programs at Ayawilca-Colquipucro, P...
12/18/2014Tinka provides update on drill programs at Ayawilca-Colquipu...
12/11/2014Tinka announces release from escrow following Tier 1 graduat...
11/25/2014Discovers Tin - Copper Mineralization Beneath High-Grade Zin...
11/25/2014Tinka Discovers Tin - Copper Mineralization Beneath High-Gra...
11/13/2014Tinka announces graduation to Tier 1 on the TSX Venture Exch...
11/12/2014Intersects Thick High-grade Zinc Mineralization in Four Dril...
11/12/2014Tinka Intersects Thick High-grade Zinc Mineralization in Fou...
9/22/2014Tinka Starts Drilling With Third Rig at Colquipucro-Ayawilca...
9/11/2014Tinka Announces Start of Drilling at Colquipucro, Peru
9/8/2014Tinka Starts Drilling at Ayawilca; Farms Out Rurimarac Gold ...
8/26/2014Tinka Mobilizes First of Three Drill Rigs to Ayawilca-Colqui...
8/6/2014Tinka Provides Exploration Update; Grants Stock Options; Ret...
5/21/2014Tinka to Commence Geophysical Surveying to Cover 26 km2 at A...
12/18/2013Drills 12 Metres of 4.22% Zinc and Intercepts Mineralization...
12/16/2013Adopts Advance Notice Policy for Director Nominations
11/30/2013Announces Appointment of Corporate Development - Investor Re...
10/24/2013Resumes Drilling at Ayawilca Project, Peru
9/3/2013(Colquipucro)Receives Return to Work Permit for Ayawilca Project and Dril...
7/23/2013Tinka Announces the Approval of Its Environmental Impact Ass...
7/23/2013Announces the Approval of Its Environmental Impact Assessmen...
7/23/2013Announces the Approval of Its Environmental Impact Assessmen...
5/23/2013Tinka Drills 60 Metres of 109 g/t Ag and 10 Metres of 232 g/...
5/23/2013(Colquipucro)Drills 60 Metres of 109 g/t Ag and 10 Metres of 232 g/t Ag a...
5/22/2013Drills 60 Metres of 7.75% Zinc (Including 24 Metres of 13.85...
5/10/2013Announces Oversubscription in Private Placement Financing
4/23/2013Tinka Identifies 1.7 Km Anomalous Geophysical Strike Length ...
4/23/2013Identifies 1.7 Km Anomalous Geophysical Strike Length At Aya...
4/2/2013Tinka Drills 16 Metres of 4.62% Zinc
4/2/2013Drills 16 Metres of 4.62% Zinc (Including 8 Metres of 6.62% ...
3/26/2013Drills 18.7 Metres of 165 g/t Ag (Including 8 Metres of 298 ...
3/21/2013Tinka Announces Results of AGM
3/12/2013Tinka Drills 12 Metres of 5.84% Zinc
2/13/2013Named to TSX Venture Top 50
1/8/2013Tinka Drills 70 metres of 4.8% Zinc (Including 19 metres of ...
11/8/2012Tinka Drills 20 m of 7.1% Zinc Including 14 m of 9.6% Zinc a...
10/18/2012Tinka Releases Independent NI 43-101 Report for the Colquipu...
10/15/2012(Colquipucro)Increases Inferred Silver Resource To 32.7 Million Ounces At...
8/2/2012Tinka Secures Surface Agreement With
3/5/2012Tinka Extends IP Anomaly at Ayawilca Zone to
2/23/2012Tinka Drills 10.4 metres of 7% Zn at
2/7/2012Tinka commences second IP survey at Ayawilca
8/4/2011Tinka Resources drilling update
6/1/2011ANNOUNCES $5 MILLION FINANCING
5/19/2011DRILL RIG MOBILIZED TO TINKA'S COLQUIPUCRO
5/19/2011GUYANA PRECIOUS METALS ANNOUNCES TAKARA RESOURCES PROVIDES ...
3/7/2011TINKA SIGNS DIAMOND DRILL CONTRACT FOR
10/3/2007Drills 66m Grading 83 g/t Silver from Surface at Colquipucro...
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