VANCOUVER, Nov. 9, 2011 /CNW/ - Tinka Resources Limited (the "Company"), (TSXV - TK; Frankfurt - TLD;
Pinksheets -TKRFF), announces that the initial drill program at the Ayawilca zone has been
completed with 8 diamond drill holes totalling 1,822 metres. Core from
the final 3 holes has been logged and is being prepared for shipment to
the laboratory in Lima.
The drill rig has been moved to the northern extension of the NI 43-101
compliant resource at Zone 1 and drilling has commenced with a minimum
of 7 holes to be drilled. Five holes will test the northern extension
of Zone 1 and at least 2 further holes will be drilled within the
existing resource area.
The Company is planning a program of in-fill drilling after this
campaign to move the resource from the "inferred" to "indicated"
category. A scoping study will be commissioned after this phase of
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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