- The latest assays from Tinka Resources’ (TK) Ayawilca project in Peru delivered higher-than-expected zinc values
- Of the six holes recently completed, hole A23-212 returned the highest results
- 10,000 metres from this infill and resource expansion drilling have been completed, with assays for seven holes still pending
- The company expects to continue drilling on the project’s two rigs until the end of April
- Tinka Resources (TK) is up 7.69 per cent trading at $0.14 per share as of 11:23 a.m. EST
The latest assays from Tinka Resources’ (TK) Ayawilca project in Peru delivered higher-than-expected zinc values.
Of the six holes recently completed, hole A23-212 returned the highest results with a zinc intersection of 145.2 metres grading 10.9 per cent zinc, including 29.3 metres grading 20.2 per cent zinc from a shallow depth of 158 metres.
The true thicknesses of the mineralized intercepts are estimated to be at least 70 per cent of the downhole thicknesses.
Dr. Graham Carman, Tinka’s President and CEO, commented,
“Hole A23-212 is, without doubt, Tinka’s best ever hole at Ayawilca in terms of thickness and grade of the zinc mineralization… The results of these fan holes prove that there is excellent continuity of the high-grade zinc mineralization along a 200-metre strike length of folded limestone at the western extremity of the South Ayawilca deposit.”
1,000 metres to go on drilling program
The drill program focused on the South Ayawilca zone, where holes were designed to infill the area. According to Tinka, about 10,000 metres from this infill and resource expansion drilling have been completed, consisting of 30 drill holes. Seven holes still have results pending.
The company expects to continue drilling on the project’s two rigs until the end of April, with another 1,000 metres planned to be completed.
“Next steps for the project, following completion of the drill program, include an update of the mineral resource estimations and the evaluation of alternatives to fast track Ayawilca towards development,” Dr. Carman said.
Tinka Resources (TK) is up 7.69 per cent trading at $0.14 per share as of 11:23 a.m. EST.
