Tinka Resources Limited (TSXV: TK | BVL: TK | OTCQB: TKRFF) has announced results for four drill holes from the company’s ongoing infill and resource expansion drill programme at its Ayawilca zinc project in central Peru.
Dr. Graham Carman, Tinka’s president and CEO stated: “The ultra-high-grade zinc intercept in A22-202 is a potential game changer for the Ayawilca project. The interval of 10.4m grading 42% zinc consists of almost pure zinc sulphide mineralization, while part of this interval grading ~50% zinc is reflective of zinc concentrate grade accepted by smelters. Importantly, the mineralization is relatively shallow (~140m depth) and comes from an area of the resource that could be accessed early in a mine plan.”
All four drill holes are from South Ayawilca. Hole A22-202 has returned the best drill intercept ever made at Tinka’s Ayawilca project at 38.9m grading 20.0% zinc, including an ultra-high-grade interval of 10.4m grading 42.0% zinc.
The company has now expanded the 2022-2023 drill programme due to the excellent results to date, with about half of the drill holes (13) now reported of the estimated 30 holes to be completed at both the South Ayawilca and West Ayawilca areas.
Key highlights
Hole A22-202:
- 38.9m at 20.0% zinc from 170.5m depth, including:
- 10.4m at 42.0% zinc from 193.3m depth, including:
- 3.8m at 49.9% zinc from 198.0m depth
Hole A22-199:
- 5.3m at 14.3% zinc from 138.8m depth and 42.4m at 9.4% zinc from 246.5m, including:
- 5.5m at 22.9% zinc from 261.3m depth
- 9.1m at 20.8% zinc from 279.8m depth
Hole A22-204:
- 14.8m at 8.4% zinc from 196.4m depth, including:
- 6.1m at 12.6% zinc from 200m depth
- 26.5m at 6.2% zinc from 264.5m depth, including:
- 3.9m at 15.1% zinc from 283.8m depth
The drill programme at Ayawilca is continuing without interruption with two rigs operating 24/7. Around 7,000m have been completed with another 4,000m planned. Tinka expects drilling to continue until April 2023, with one rig at the South area and a second rig at the West Ayawilca area (where several holes have results pending).
“Several fan holes are in progress from the same drill platform (or from nearby sites) targeting extensions of this ultra-high-grade zinc mineralization, particularly the limestone-sandstone footwall contacts where the zinc appears to be concentrated. Two follow-up holes, A22-206 and A22-208, have already been completed and another hole is in progress”. Graham added.
The objectives of the company’s drill programme continue to be to target the highest-grade zinc mineralization at both South and West Ayawilca, and to expand measured and indicated zinc resources. Indicated resources are currently estimated at 19.0Mt grading 7.2% Zn, 17g/t Ag and 0.2% Pb and inferred resources are 47.9Mt @ 5.4% Zn, 20 g/t Ag, and 0.4% Pb.
To find out more, please visit www.tinkaresources.com
