Tinka commences second IP survey at Ayawilca zone, Colquipucro project, Peru
Feb 07, 2012, 08:45 ET
TSXV - TK; Frankfurt - TLD; Pinksheets - TKRFF
VANCOUVER, Feb. 7, 2012 /CNW/ - Tinka Resources Limited (the "Company"), (TSXV - TK; Frankfurt - TLD; Pinksheets -TKRFF), announces that the Company has commenced a second induced polarization (IP) survey on the Ayawilca zone at the Company's 100 percent-owned Colquipucro project, west-central Peru.
As a result of recent drilling at the Ayawilca zone, which showed a direct correlation between sulphide mineralization in hole 52B and an extensive 3-D inversion IP anomaly, the Company is extending the area covered by the 2010 IP survey further to the east and south (see press release dated August 24, 2010). The new survey will incorporate approximately 12.5 line-kilometres and will test a series of parallel, east-west fault structures along which the 3-D anomaly and sphalerite/pyrite mineralization occur.
The Company's drill contractor has mobilized a larger diamond drill rig to the site and the rig is now testing the lateral and depth extensions of the 3-D IP anomaly and mineralization intersected by previous drilling. Results will be released when they are available.
Drilling is continuing at Zone 1 to test the northern extension of the NI43-101 compliant silver resource.
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.
For further information:
Mariana Bermudez at (604) 699 0202 or
email: [email protected]
Investor Information Contact:
Bay Street Connect, Michael D'Amico
Email: [email protected]
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