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Tinka Drills 26 Metres Grading 10% Zinc at Ayawilca and Receives Approval of Drill Permit for 2020-2021 Work Programs25.11.2019 | 13:00 Uhr | CNW
VANCOUVER, Nov. 25, 2019 - Tinka Resources Limited ("Tinka" or the "Company") (TSXV & BVL: TK) (OTCPK: TKRFF) is pleased to announce assay results for the final hole of the 2019 drill program at the Company's 100%-owned Ayawilca project in the Pasco region of Peru. Drill hole A19-168, an infill hole at South Ayawilca, intersected several zones of high grade zinc mineralization including 26.1 metres grading 10.1% zinc, and 3.6 metres grading 42.4% zinc within a wider interval of 51.4 metres grading 8.0% zinc. The Company is also pleased to announce that it has received final approval of its modified semi-detailed Environmental Impact Assessment ('EIAsd' or 'the Permit') for the Ayawilca project from the Peruvian Ministry of Energy and Mines. The approved EIAsd modification allows Tinka to drill from a large number of drill platforms (up to 240 platforms) within the existing permitted work area at Ayawilca consisting of approximately 300 hectares, within the next 2-3 years. This Permit enables Tinka to carry out all of the drilling activities needed to advance the project through the next phase of exploration and development. Key highlights of drill hole A19-168:
Note: True thicknesses of the intersections above are estimated at least 85% of the downhole thicknesses. Dr. Graham Carman, Tinka's President and CEO, stated: "Hole A19-168 was drilled as an infill hole to confirm continuity and grade of zinc mineralization at South Ayawilca and for hydrological studies. We are very pleased with the mineralization encountered in the hole, which confirms high grade zinc in several sub-parallel, shallow-dipping 'mantos' associated with massive to semi-massive sulphides hosted by Pucara limestone. The very high grade zinc zone near the base of the mineralized interval (3.6 metres grading 42.4% zinc) is typical of some of the almost-pure zinc sulphide intervals we have intersected in several holes at both South and West Ayawilca, while the intercept of 26.1 metres grading 10.1% zinc shallower in the hole is also a very strong intercept (see Figures 1 & 2)." "In addition, we are pleased to announce the approval from the Ministry of Energy and Mines of our modified EIAsd permit. This Permit will allow the Company to carry out infill and step-out drilling at the project for the next 2 to 3 years. Additional infill drilling will be required to upgrade the Ayawilca resource to the Measured and Indicated classification for a pre-feasibility study. The receipt of this Permit is a major milestone for the project. The Permit was received within 10 months of submission, an outstanding achievement by our Peru team and our permitting consultant." "The Company has now completed its 2019 drill program consisting of 4,325 metres drilled, and will recommence early in 2020. With drilling completed, Tinka's geologists are now undertaking a review of other significant mineral occurrences at the Ayawilca project. A district-wide exploration program has commenced, with a field team currently completing mapping and soil sampling of several exploration targets located within 1-5 kilometres of the Ayawilca zinc resource. The Ayawilca property already hosts a large zinc-silver-lead resource, a silver oxide resource and a tin resource, and those resources lie within an area less than 5% of the total 170 km2 of the combined and contiguous Tinka mining concessions. Tinka's team is excited to assess the potential for additional mineral resources on the large, prospective property. Results of the district exploration program will be released once the work has been completed, assays received and data interpreted." Table 1 – Highlights of recent drill hole results from Ayawilca
Table 2 – 2019 Drill Collar Information (coordinates are in UTM Zone 18S WGS84 datum)
Notes on sampling and assaying Qualified Person About Tinka Resources Limited On behalf of the Board, "Graham Carman" 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 the Ayawilca Project PEA, 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 View original content to download multimedia:http://www.prnewswire.com/news-releases/tinka-drills-26-metres-grading-10-zinc-at-ayawilca-and-receives-approval-of-drill-permit-for-2020-2021-work-programs-300964332.html SOURCE Tinka Resources Ltd. Contact Investor Information: www.tinkaresources.com, Rob Bruggeman 1.416.884.3556, rbruggeman@tinkaresources.com; Company Contact: Mariana Bermudez, 1.604.699.0202, info@tinkaresources.com Dieser Artikel stammt von Rohstoff-Welt.de
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