Tinka Resources Ltd

Published : August 02nd, 2012

Tinka Secures Surface Agreement With

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Keywords :   Diamond | K Street | Peru | Silver |

Tinka Secures Surface Agreement With Yanacocha Community For Ayawilca Zone, Colquipucro Project, Peru


VANCOUVER, Aug. 2, 2012 /CNW/ - Tinka Resources Limited (the "Company"), (TSXV:TK) (Frankfurt:TLD) (Pinksheets :TKRFF), announces that the Company has signed a surface access agreement with the Yanacocha community for the Ayawilca zone of the Colquipucro project, west-central Peru. The agreement grants the Company access for all exploration activities including drilling for the next thirty months.

Mr Carter said: "We are extremely pleased with this positive decision by the community and look forward to working with them, not only in the development of the Colquipucro project, but in the development of sustainable projects and social programs for the community as a whole. As a result of this major step, drilling is scheduled to recommence at Ayawilca in mid-August."

The Company announces the results of the last three holes completed at Ayawilca prior to cessation of drilling. Significant mineralized intervals are shown below:

Hole # Easting
(m)
Northing
(m)
Elevation
(m)
Azimuth
(deg)
Dip
(deg)
From
(m)
To
(m)
Interval
(m)
Ag (g/t) Zn (%)
A12-01 333200 8846043 4228 360 -60 86 88 2 11.1 5.27
            158 160 2 36.4 1.29
            166 170 4 18.8 0.31
            306 308 2 4.3 2.25
A12-02 333200 8846043 4228 0 -90 200 206 6 2.7 2.34
            208 212 4 17.7 0.69
            220 226 6 15.6 2.32
Including           222 224 2 14.9 5.77
            274 280 6 7.9 2.77
A12-03 333200 8846203 4240 180 -70 170 180 10 44.2 0.15
            238 242 4 4.9 1.85
            246 250 4 3.1 1.15
            252 256 4 16.1 4.7
            258 266 8 4.2 2.31
            268 270 2 3.7 1.7
            272 286 14 4.2 1.24
            322 328 6 2.4 4.05

Holes A12-01 to A12-03 intercepted massive and semi-massive sulphides, consisting of pyrite, sphalerite and lesser galena, chalcopyrite and arsenopyrite hosted by a sedimentary breccia, greywacke and siltstone formation that underlies the sandstones that hosts the silver mineralization at Zone 1. The mineralization is often accompanied by hematite, magnetite and chlorite alteration. As yet, the geometry of the mineralization is not fully understood, so the angles at which the holes intercepted the sulphide bodies can only be conjectured. The mineralization is believed to have been sourced from steeply dipping structures that underlie this sedimentary sequence, thus some of the mineralization may have a steep to near-vertical component; however, the irregular nature of some of it may suggest a replacement style which could trend in any direction.

Mr Carter said: "We are encouraged by these results as it confirms that the sulphide mineralization discovered in holes 52B and 53, located 200 m further west, continues in this direction. The results of the IP survey completed early in 2012 have extended the large conductive bodies over a distance of 1.2 km east-west, doubling the size of the IP anomaly discovered in 2010. Drill permit and environmental applications have been submitted to the regulatory authorities in preparation for a more advanced drilling program to test these geophysical conductors."

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

 

 

SOURCE: Tinka Resources Limited

For further information:

Company Contact:
Mariana Bermudez Tel: 1.604.699.0202
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 Report 2008
Financings of Tinka Resources Ltd
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9/23/2013Announces Non-Brokered Private Placement Financing
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12/11/2012Announces Non-Brokered Private Placement Financing
6/22/2011TINKA AMENDS TERMS OF PRIVATE PLACEMENT
6/2/2011TINKA ANNOUNCES $5 MILLION FINANCING
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2/7/2013Tinka Announces Appointment of Mr. Allen Morton to its Advis...
2/2/2013Tinka Announces Appointment of New Investor Relations Consul...
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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
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3/27/2015Tinka Announces Filing of NI 43-101 Technical Report on the ...
2/27/2015Tinka Announces AGM Results
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12/18/2014Tinka provides update on drill programs at Ayawilca-Colquipu...
12/11/2014Tinka announces release from escrow following Tier 1 graduat...
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9/22/2014Tinka Starts Drilling With Third Rig at Colquipucro-Ayawilca...
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5/21/2014Tinka to Commence Geophysical Surveying to Cover 26 km2 at A...
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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
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7/23/2013Tinka Announces the Approval of Its Environmental Impact Ass...
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3/26/2013Drills 18.7 Metres of 165 g/t Ag (Including 8 Metres of 298 ...
3/21/2013Tinka Announces Results of AGM
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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...
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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
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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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