Tinka drills 8 metres of 15.9% zinc and 33 g/t silver at Ayawilca zone, Colquipucro Project, Peru

VANCOUVER, Nov. 21, 2011 /CNW/ - Tinka Resources Limited (the "Company"), (TSXV - TK; Frankfurt - TLD; Pinksheets -TKRFF), announces the results from the final three drill holes testing the Ayawilca zone on the Company's wholly-owned Colquipucro silver-zinc-lead property, west-central Peru.

All holes intercepted altered siltstones and fine to coarse grained sandstones, randomly crosscut by semi-massive to massive sphalerite veins. In addition, hole DDH53 encountered a wide section of massive and breccia-style pyrite-sphalerite mineralization with minor galena. The mineralization in hole DDH53 remains open at depth.

Mineralized intervals, dominated by sphalerite, include:

                                 
Hole #   Easting
(m)
  Northing
(m)
  Elevation
(m)
  From (m)   To (m)   Interval (m)   Zinc (%)   Ag (g/t)
DDH53*   332979   8846188   4263   38   46   8   1.68   9
                76   78   2   2.50   6
                86   88   2   1.03   58
                92   94   2   2.20   5
                182   184   2   0.43   173
                196   200   4   2.55   75
                204   208   4   1.76   31
                220   222   2   2.30   38
                226   256   30   3.49   7
                258   268   10   3.93   9
                270   280   10   4.52   17
including               274   276   2   10.01   42
                292   302   10   2.14   2
                304   315   12   3.17   2
DDH 69   332782   8846170   4293   138   140   2   13.56   390
including                           1.83% Pb    
                156   160   4   1.87   78
                178   180   2   3.80   94
DDH 71   332741   8846276   4312   58   60   2   1.25   29
                66   68   2   1.09   34
                78   80   2   1.14   79
                96   98   2   0.27   43
                152   154   2   4.80   18
                184   190   6   3.56   16
                196   204   8   15.94   33
including               196   200   4   30.90   63

*  DDH-53 remains open at depth

Estimated true widths have not been calculated.

As a result of these assays, the Company will recommence drilling at the Ayawilca zone and complete up to 3 additional deep diamond drill holes to assess the extent of the polymetallic mineralization. This area of polymetallic mineralization lies immediately east of the zone drill tested this year in strongly faulted and recessive sandstones. The Company has 8 permitted drill pad sites located up to 700 m east of the main Ayawilca target zone; drill holes DDH52 and DDH53 were drilled from the westernmost of these permitted sites.

Mr Carter said: "These are encouraging results as they confirm the presence of polymetallic mineralization at the Ayawilca zone and that there exists the possibility of defining further resources."

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 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


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