TSXV - TK; Frankfurt - TLD; Pinksheets - TKRFF
VANCOUVER, Dec. 4, 2012 /CNW/ - Tinka Resources Limited (the "Company"), (TSXV:TK) (Frankfurt:TLD) (OTCPK:TKRFF), announces that the Company has signed an agreement with the Pillao community, providing surface access for 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 Zone 1 in January."
Drilling will consist of approximately 20 in-fill holes at Zone 1 with the objective of both increasing the silver resources and upgrading the resource classification from the inferred to indicated category. At the same time, with community support, an amendment to the existing drill permit will be lodged to include further drill platforms to test the north-west extension of Zone 1 (see press release dated September 17, 2012)
Surface work will also continue on the Chaucha zone, 1.5 km to the north, where strongly oxidized, gossanous limestone contains highly elevated levels of zinc, lead and silver.
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, 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
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