VANCOUVER, Jan. 8, 2018 /CNW/ - Tinka Resources Limited ("Tinka" or the "Company") (TSXV & BVL: TK) (OTCPK: TKRFF) announces the appointment of Pieter Britz to its board of directors, effective immediately, and the resignation of Ms. Yanina Barilá as director.
Mr. Britz is an industrial engineer with over 20 years experience as a mining professional, and has served on the board of a number of resource companies in Canada, Australia and China. He is a registered professional engineer, and a member of AusIMM. After spending 13 years in the mining industry in Africa with Kumba Resources, Mr. Britz spent three years in investment banking with Royal Bank of Canada in Australia, until 2007 when he joined The Sentient Group (now Sentient Equity Partners) as an investment professional in private equity.
The Company also announces the resignation of Ms. Barilá as a director, effective immediately. Ms. Barilá served as a director nominated by The Sentient Group since July 24, 2014.
Graham Carman, President and CEO, stated: "We are pleased to welcome Pieter to the board of Tinka. Pieter's extensive technical and capital markets experience is an excellent addition to the skill set of our board. I would also like to thank Yanina for her efforts during her term as a director. She has been a valuable contributor to the Tinka board, and we wish her all the best in her current and future roles."
On behalf of the Board,
Dr. Graham Carman, President & CEO
About Tinka Resources Limited Tinka is an exploration and development company with its flagship property being the 100%-owned Ayawilca carbonate replacement deposit (CRD) in the zinc-lead-silver belt of central Peru, 200 kilometres northeast of Lima. The Ayawilca Zinc Zone Inferred Mineral Resource estimate now consists of 42.7 Mt at 6.0 % zinc, 0.2 % lead, 17 g/t silver & 79 g/t indium, and a Tin Zone Inferred Mineral Resource of 10.5 Mt at 0.63 % tin, 0.23 % copper & 12 g/t silver. Drilling for resource extensions and the testing of new targets is ongoing. The qualified person, Dr. Graham Carman, Tinka's President and CEO, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the technical contents of this release.
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, drilling results, the Company's expectations regarding mineral resource calculations, 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 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 agreements and 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; Rob Bruggeman 1.416.884.3556, [email protected]; Company Contact: Mariana Bermudez, 1.604.699.0202, [email protected]