Satellite imagery indicates that many of the chargeability anomalies coincide with large fault fractures that underlie Ayawilca, and drilling has confirmed that these anomalies are caused by sulphide mineralization. Potentially economic zinc mineralization has been encountered in drill holes over a distance of 600 m east-west.
In addition to the survey being conducted at Ayawilca, approximately 10 km of IP will be performed at the Chaucha showing located 2.5 km to the north. Chaucha is a gossanous clinker found within Pucara limestone sitting on top of conglomerates of the Permian Mitu group. The oxidized showing is in the hanging wall side of a large fault, and the footwall side of the fault is underlain by a thick sequence of limestone. This reconnaissance IP survey will attempt to find this same mineralized horizon on the other side of the fault.
The qualified person for the Company’s projects, Mr. John Nebocat (P.Eng.), V.P. of Exploration for the Company, has reviewed and approved the contents of this news release.
On behalf of the Board,
Andrew Carter, President & CEO Company Contact:
Mariana Bermudez at (604) 699 0202 or email: email@example.com
Investor Information Contact:
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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Vancouver, Canada - Tinka Resources Limited (the “Company”), (TSXV - TK; Frankfurt - TLD; Pinksheets - TKRFF), announces the start of a third induced polarization (IP) survey at the Company’s Ayawilca project, west-central Peru. The two previous surveys defined extensive chargeability anomalies over a distance of 1,200 m east-west by up to 800 m north-south, along the eastern margin of the surveys. The chargeability becomes stronger towards the east and remains open in this direction. A further 8 line-km of surveying will be done over favourable geology that extends eastward from the existing anomalies, a distance of at least 600 m.