VANCOUVER, May 24, 2011 /CNW/ - Tinka Resources Limited (the "Company"), (TSXV: TK) (Frankfurt: TLD)
(Pinksheets: TKRFF). Andrew Carter, President, advises that diamond drilling has commenced at
the Company's Colquipucro silver project, west-central Peru. The first
of two holes to test the eastern side of the Ayawilca zone was collared
on Saturday, May 21st. These two holes will total approximately 700 metres depth, and
following the completion of these holes, the rig will move to Zone 1 to
test the northern extension of the NI 43-101 compliant resource,
drilling a minimum of five holes and approximately 500 metres.
A further eight diamond holes, totaling approximately 1,600 metres, will
then be completed at the Ayawilca zone. The Ayawilca zone is located
about 1.5 km south of Zone 1, just next to the same major fault system
that appears to be a structural control for the mineralization at Zone
1. Positive results at Ayawilca have the potential for significantly
increasing the global silver resource on the property.
Mr. Carter says: "We are pleased that this important step is underway as
it will allow the Company to test the northern extension of Zone 1 and
also the undrilled Ayawilca zone. Results will be released as they
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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