VANCOUVER, April 20, 2015 /CNW/ - Tinka Resources Limited ("Tinka" or the "Company") (TSXV: TK) (OTCPK: TKRFF) is pleased to announce that Mr. Alvaro Fernandez-Baca has been appointed Vice President of Exploration for the Company.
Mr. Fernandez-Baca, a Peruvian citizen, holds a Geology degree from the University of Edinburgh (1996) with 19 years' experience working in mineral exploration and project management in Latin American and around the world. Mr. Fernandez-Baca is a professional geoscientist registered with the Association of Professional Engineers and Geoscientists of the Province of British Columbia (APEGBC) and is based in Lima. Mr. Fernandez-Baca has served as a qualified person for various publicly-listed companies and has authored several NI 43-101 technical reports.
Prior to joining Tinka, Mr. Fernandez-Baca held the position of Exploration Manager for Hochschild Mining, a London-listed mid-tier producer, for two years and was responsible for advancing Hochschild's exploration portfolio in South America based in Lima. Mr. Fernandez-Baca has also held the position of Vice President of Exploration and General Manager of AQM Copper Inc., a TSXV-listed company, responsible for advancing the Zafranal copper-gold porphyry project in southern Peru. Additionally, Mr. Fernandez-Baca has worked for Entrée Gold Inc. in Mongolia, and Gitennes Exploration Inc. in Peru.
In connection with Mr. Fernandez-Baca's appointment, the Company has granted Mr. Fernandez-Baca stock options to purchase up to 390,000 common shares of Tinka at an exercise price of $0.30 per option for each common share for a period of three years. The stock options have been granted pursuant to Tinka's Stock Option Plan and are subject to vesting provisions and the acceptance of the TSX Venture Exchange.
Mr. John Nebocat, who held the position of Vice President of Exploration for Tinka since January 2013, will move to a role of consulting geologist for the Company.
Dr. Graham Carman, President and CEO, stated: "I wish to welcome Mr. Fernandez-Baca as the Company's new Vice President of Exploration, whose principal role will be to oversee the Company's exploration activities in Peru based in Lima. Alvaro brings many years of exploration and project management experience and will be a strong addition to an already experienced exploration team."
"I wish to thank John Nebocat for his efforts in the exploration programs in Peru, which have been greatly appreciated, and in particular his involvement in the initial discovery of zinc at Ayawilca. John will continue to be available to Tinka, on an as needs basis, to assist with the exploration efforts."
About Tinka Resources Limited
Tinka is a resource acquisition and exploration company with projects in Peru. Tinka's focus is on its 100%-owned Ayawilca and Colquipucro projects in the highly mineralized zinc-lead-silver belt of central Peru, 200 kilometres north of Lima. The Ayawilca project, located 40 kilometres from Peru's largest historic zinc mine, Cerro de Pasco, has the potential to be a major zinc sulphide discovery. The nearby Colquipucro silver oxide project is a near-surface, sandstone-hosted, silver oxide deposit.
On behalf of the Board,
Dr. Graham Carman, President & CEO
Forward Looking Statements. Certain information in this news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws (collectively "forward-looking statements"). All statements, other than statements of historical fact are forward-looking statements. Forward-looking statements are based on the beliefs and expectations of Tinka as well as assumptions made by and information currently available to Tinka's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, capital and other costs varying significantly from estimates, production rates varying from estimates, changes in world metal markets, changes in equity markets, uncertainties relating to the closing of intended financings, availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates or metal recoveries, success of future development initiatives, competition, operating performance, environmental and safety risks, delays in obtaining or failure to obtain necessary permits and approvals from local authorities, community relations, and other development and operating risks. 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. Although Tinka believes that assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, Tinka disclaims any intent or obligation to update any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE Tinka Resources Limited
For further information: Investor Information: www.tinkaresources.com, 1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7, Seema Sindwani +1 647-478-3017, [email protected]