VANCOUVER, March 5, 2012 /CNW/ - Tinka Resources Limited (the "Company"), (TSXV:TK) (Frankfurt:TLD) (Pinksheets :TKRFF), announces that the Company has received a report from an independent geophysicist on the second induced polarization (IP) survey undertaken on the Ayawilca zone on the Company's Colquipucro project west-central Peru. The pole-dipole survey consisted of 5 new lines located east of and contiguous with the 2010 IP survey, totalling 8.8 km, and the southern extension to 7 lines from the 2010 survey, totalling 3.6 km. This second IP survey was undertaken because the current drill program has shown a direct correlation between sulphide mineralization in holes 52B and 53 and an extensive 3-D inversion IP anomaly discovered in the 2010 survey (see press release dated August 24, 2010).
Mr Carter says: "We are extremely pleased with the results of this survey as it indicates that the sulphide mineralization may be more than twice the size than was first indicated. The Company has already commenced preparation of an amendment to the current drill permit to include drill platforms over this new anomaly. The previously-identified IP anomaly is currently being drill-tested; three holes are complete and at least four more are planned from the existing permitted drill sites."
The pattern of the 3-D inversion anomalies appears to follow the trend of the dominant fault structures (east-west) mapped on surface, There may be up to three parallel structures separated over about 700 m north-south, and the middle one may be the contiguous extension of the 2010 anomaly spanning a distance of 1,200 m east-west.
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.
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For further information:
Mariana Bermudez at (604) 699 0202
email: [email protected]
Investor Information Contact:
Bay Street Connect, Michael D'Amico
Email: [email protected]