Tinka Resources Limited Commences IP Survey at Tibillos Copper Porphyry Project in Peru
19.11.2010 | CNW
VANCOUVER, Nov. 19 /CNW/ - Tinka Resources Limited (the "Company") (TSXV - TK; Frankfurt - TLD; Pinksheets -TKRFF). Andrew Carter, President, reports that at the Company's Tibillos copper porphyry property, located in the coastal batholith 65 km east of Ica, Peru, a preliminary mapping survey has been completed.The objective of this initial mapping survey was to determine, where possible, the geometry and zoning features of the porphyry target. Thus far, a typical zonation from propylitic to pyritic and phyllic zones has been identified on the western side of the target zone, but faulting has complicated the eastern side, down-dropping propylitic and pyritic altered volcanic and sedimentary roof pendant rocks next to the highly altered porphyry. A target zone of potentially economic mineralization at least 800 m east-west by 700 m north-south has been interpreted so far.
An induced polarization (IP) geophysical survey, which will incorporate approximately 18 line-kilometres of grid, has commenced and should be completed by the end of November. The drill permitting process, for an initial drill program, has already begun with a targeted drill start date for early 2011.
Mr. Carter said: "We are pleased that these important steps are underway as it will allow the Company to advance the project as quickly as possible."
The Company\'s Qualified Person, John Nebocat (P.Eng), has reviewed and approved the contents of this press release.
On behalf of the Board,
"Andrew Carter"
Andrew Carter, President & CEO
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.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.
For further information:
Company Contact:
Mariana Bermudez at (604) 699 0202 or
email: mbermudez@chasemgt.com
website: www.tinkaresources.com