TSXV - TK; Frankfurt - TLD; Pinksheets - TKRF
VANCOUVER, Jan. 24 /CNW/ - Tinka Resources Limited (the "Company") (TSXV - TK; Frankfurt - TLD;
Pinksheets -TKRFF). Andrew Carter, President, reports that the Company has received a
report from an independent geophysicist on the induced polarisation
(IP) survey undertaken on the Company's Tibillos copper porphyry
property, located in the coastal batholith 65 km east of Ica, Peru.
The pole-dipole survey consisted of 12 lines totalling 20 km with the
object of determining, where possible, the geometry and zoning features
of the porphyry target. The data was modelled using both the Zonge 2-D
and UBC 3-D inversion programs; both methods produced similar and
coherent chargeability and resistivity models.
The IP data has produced a target area in the central part of the
porphyry roughly 800 m east-west by up to 500 m north-south. This model
fits the observed surface mineralisation. Also, there exists a
conductive body in the southeastern part of the survey area that is
underlain by volcanics. Skarn-style mineralisation was noted in a small
mine operated by informal miners about 2 km southeast from here which
is hosted by similar rocks. This area will be drill tested in addition
to the central porphyry targets.
Mr. Carter said: "We are pleased that this important step has been
completed as it will allow the Company to advance the project as
quickly as possible. An application for an initial drill program has
now been lodged with the Peruvian authorities."
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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