Vancouver, Canada - Tinka Resources Limited (the “Company”), (TSXV - TK; Frankfurt - TLD; Pinksheets-TKRFF), the Company provides the following drilling update for both the Colquipucro and Tibillos projects in Peru.
At the Colquipucro silver/base metal project there are currently two diamond drill rigs working, one on Zone 1 and one on the Ayawilca zone. At Zone 1, which contains a NI 43-101 compliant inferred resource, the rig is drill- ing the northern extension with a minimum of six holes. One hole will be drilled in a northerly direction to deter- mine the footwall contact with the underlying Pucara limestone. Following this a further two holes will be drilled within the existing resource. At the time of writing this update, one hole has been completed and is currently be- ing logged and split in preparation for laboratory analysis; the second hole is nearly complete.
At the Ayawilca zone drilling is underway, and at least two deeper diamond drill holes will test the lateral and depth extensions of the semi-massive and massive sphalerite (zinc) mineralization that was intersected in hole DDH-53 (see press release dated November 21,2011). A northerly-directed hole will be drilled from the site of hole DDH-52 to test the western end of a large induced polarization (IP) anomaly identified during the geophysi- cal survey completed in 2010 (see press release August 24, 2010), and another northerly-directed hole will be drilled from a permitted drill site over 200 m further to the east.
At the Company’s Tibillos copper porphyry project, located 65 km east of Ica, there are currently two diamond drill rigs operating. A minimum of six diamond drill holes will test anomalies identified from an IP geophysical survey completed in January 2011. Data from the survey produced a target area in the central part of the por- phyry roughly 800 m east-west by up to 500 m north-south. Three holes have been completed to date, and all drill core is being logged by Company staff on site. Due to limited facilities at the site, all core will be transported by Company staff to the town of Palpa for splitting and preparation for transport to the laboratory in Lima.
The Company’s President, Andrew Carter said, “The Company is pleased at the progress made by the team in Peru and that there are now four diamond drill rigs operating. We look forward to a series of results becoming available in the New Year.”
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 Company Contact:
Mariana Bermudez at (604) 699 0202 or email: firstname.lastname@example.org
Investor Information Contact:
Bay Street Connect, Michael D’Amico
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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