Tinka Resumes Drilling At The Ayawilca Zone, Colquipucro, Peru
Published : September 10, 2012
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Keywords :   Diamond | K Street | Peru | Silver |

Tinka Resumes Drilling At The Ayawilca Zone, Colquipucro, Peru

VANCOUVER, Sept. 10, 2012 /CNW/ - Tinka Resources Limited (the "Company"), (TSXV:TK) (Frankfurt:TLD) Pinksheets:TKRFF), announces that drilling has resumed at the Ayawilca massive sulphide zone at Colquipucro, west-central Peru.

Mr Carter said: "We are extremely pleased to resume drilling at Ayawilca, which lies within the Yanacocha community, and to be working with the community in developing the project in return for the development of sustainable projects and social programs for the community as a whole."

This drill program will consist of six holes totalling approximately 1,800 metres and will again target the western portion of the IP anomaly identified in 2010. Further geophysical surveying in 2012 has extended the conductive bodies over a length of 1,200 metres east-west; the original conductor discovered in the 2010 survey was about 600 metres long. Each of the five deeper holes that were drilled in 2011-2012 encountered massive and semi-massive sulphides consisting of pyrite, sphalerite, galena and lesser chalcopyrite. The mineralization is hosted by sedimentary breccias and greywacke in a formation below the Gollyar Group sandstone that is host to the silver mineralization found at Zone 1 located 1.5 km to the north. The style of mineralization and alteration at Ayawilca has similarities to other mines and deposits found the central Andes, particularly Cerro de Pasco.

The attached figure shows the locations of all holes drilled at Ayawilca so far; the red circles show the locations of permitted drill sites yet to be drilled. The first two holes to be drilled in this campaign will be vertical and northerly-directed from the site of CDD-53; the drill will then move to the four untested sites further east.

The Company has applied for several new drill sites (not shown on map) to adequately test all the conductors at Ayawilca.

All Diamond drilling will be performed using HQ diameter drill rods, reducing to NQ diameter if required. All core will be logged and split on site under the supervision of Tinka geologists with sampling done on two metre intervals. All the samples will be transported by Company staff to SGS Laboratories in Lima, Peru for ICP analyses using multi-acid digestion. Analytical standards and blanks will be routinely introduced in the sample suites sent to the laboratory, and samples that exceed their respective threshold levels for Ag, Zn and Pb will be re-assayed by specific atomic absorption techniques.

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.

 

PDF available at: http://stream1.newswire.ca/media/2012/09/10/20120910_C5103_DOC_EN_17603.pdf

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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