VANCOUVER, Aug. 24 /CNW/ - Tinka Resources Limited (the "Company") (TSXV - TK; Frankfurt - TLD; Pinksheets -TKRFF). Andrew Carter, President, reports that the Company has received a report from an independent geophysicist on the induced polarisation (IP) survey undertaken on the Company's Colquipucro project, west-central Peru. The pole-dipole survey consisted of 8 lines totalling 14.1 km and is contiguous with the IP survey performed over Zone 1 in 2007. The target of this survey was the yet-undrilled Ayawilca zone, located 1.5 km south of Zone 1.
The inversion model of the IP data has produced a target underlying Ayawilca zone that trends east-southeast for 600 metres and plunges gently to the east; this model fits the observed surface mineralisation and pattern of faulting mapped east of Ayawilca.
Midway between Zone 1 and Ayawilca sits a larger, locally stronger IP anomaly. It has a near-surface expression and is possibly caused by formational pyrite in the sandstone; no workings are known to exist in this area. One RC hole is planned to test this anomaly.
Mr Carter says "this survey completes our surface work at Ayawilca prior to an eight hole reverse circulation (RC) drill program to test the zone. The Company has finalized an agreement with the local community for all ongoing exploration which has been lodged with the authorities as part of the amendment to the existing drill permit to include the eight RC holes. We look forward to getting a drill rig onto the site once permitting is completed."
The Company's Qualified Person, John Nebocat (P.Eng.), has reviewed and approved the contents of this press 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.
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SOURCE Tinka Resources Limited
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