VANCOUVER, Sept. 10, 2012 /CNW/ - Tinka Resources Limited (the "Company"), (TSXV:TK) (Frankfurt:TLD)
Pinksheets:TKRFF), announces that drilling has resumed at the Ayawilca massive sulphide
zone at Colquipucro, west-central Peru.
Mr Carter said: "We are extremely pleased to resume drilling at
Ayawilca, which lies within the Yanacocha community, and to be working
with the community in developing the project in return for the
development of sustainable projects and social programs for the
community as a whole."
This drill program will consist of six holes totalling approximately
1,800 metres and will again target the western portion of the IP
anomaly identified in 2010. Further geophysical surveying in 2012 has
extended the conductive bodies over a length of 1,200 metres east-west;
the original conductor discovered in the 2010 survey was about 600
metres long. Each of the five deeper holes that were drilled in
2011-2012 encountered massive and semi-massive sulphides consisting of
pyrite, sphalerite, galena and lesser chalcopyrite. The mineralization
is hosted by sedimentary breccias and greywacke in a formation below
the Gollyar Group sandstone that is host to the silver mineralization
found at Zone 1 located 1.5 km to the north. The style of
mineralization and alteration at Ayawilca has similarities to other
mines and deposits found the central Andes, particularly Cerro de
The attached figure shows the locations of all holes drilled at Ayawilca
so far; the red circles show the locations of permitted drill sites yet
to be drilled. The first two holes to be drilled in this campaign will
be vertical and northerly-directed from the site of CDD-53; the drill
will then move to the four untested sites further east.
The Company has applied for several new drill sites (not shown on map)
to adequately test all the conductors at Ayawilca.
All diamond drilling will be performed using HQ diameter drill rods,
reducing to NQ diameter if required. All core will be logged and split
on site under the supervision of Tinka geologists with sampling done on
two metre intervals. All the samples will be transported by Company
staff to SGS Laboratories in Lima, Peru for ICP analyses using
multi-acid digestion. Analytical standards and blanks will be routinely
introduced in the sample suites sent to the laboratory, and samples
that exceed their respective threshold levels for Ag, Zn and Pb will be
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, 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.
PDF available at: http://stream1.newswire.ca/media/2012/09/10/20120910_C5103_DOC_EN_17603.pdf
SOURCE: Tinka Resources Limited
For further information:
Mariana Bermudez at (604) 699 0202
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