What Distinguishes Tinka?
- Exclusive access to a large geological database covering Peru
- NI 43 - 101 compliant resource project in Peru
- Highly experienced and professional hands-on management team
- Dynamic and experienced exploration team
Please provide a comprehensive summary of the current capital structure (to include all shares, warrants with strike prices and term, and any other convertible instruments)
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Issued and Outstanding
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40,466,011 |
| Stock Options |
3,182,500 |
| Warrants |
16,652,000 |
| Shares Reserved for Property Acquisitions |
0 |
| Fully Diluted |
60,300,511 |
What are your plans for future equity issues, and the timing of any?
Tinka recently completed private placements for the gross proceeds of $1,350,000 by way of non-brokered and brokered financings. Future financings are not currently planned.
Have there been any substantial shareholder changes recently (please provide a current significant shareholders list)?
No significant shareholders other than the principals of the Company.
Properties:
What is the level of progress of each property?
Peru - Phase 1 drill program completed at Colquipucro. Initial NI 31 - 101 compliant resource calculation completed. Permitting for Phase 2 drill program underway. Further geochemical surface work has been undertaken on other areas of the project identifying further areas of surface mineralization.
Have there been any significant drilling results?
Yes, the Phase 1 drill program completed at Colquipucro in Peru where results included intersections of 60m grading 135 g/t silver, 44m grading 95 g/t silver, 8m grading 551 g/t silver and 12m grading 4.4% zinc results at Zone 1 include intersections of 60m grading 135 g/t silver, 44m grading 95 g/t silver, 8m grading 551 g/t silver and 12m grading 4.4% zinc (see press releases dated August 28, October 2 and December 12, 2007).
Are there other drill programs planned?
Yes, the Phase 2 drill program at Colquipucro will start as soon as the permit is received from the Peruvian Government.
What is the current 43-101 resource?
Colquipucro:
Inferred resource of 5,669,853 tonnes averaging 111.4 g/t Ag for a total of 20,311,120 troy ounces of Ag. Full report can be viewed in the project section of this website.
What is the current inferred resource (on any other globally accepted measure)?
See above.
What are the future work programs?
- Phase 2 drill program at Colquicupro and further geochemical surface exploration on other areas of the project, Peru.
- Detailed geological mapping to determine if there are other targets, similar to the two already identified at Colquipucro.
Are there any other developments (new properties, new partners, etc.)?
The Company is constantly reviewing the opportunity for new projects to add to its existing portfolio.
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