Tinka identifies mineralization at Ayawilca zone, Colquipucro Project, Peru
VANCOUVER, Oct. 4, 2011 /CNW/ - Tinka Resources Limited (the 'Company'),
(Pinksheets: TKRFF), announces the results from the first five drill holes testing the Ayawilca zone on the Company's wholly-owned Colquipucro silver-zinc-lead property, west-central Peru.All holes intercepted altered siltstones and fine to coarse grained sandstones, randomly crosscut by semi-massive to massive sphalerite veins and intervening stringer and breccia style pyrite-sphalerite and minor galena mineralization.
Mineralized intervals, dominated by sphalerite, included:
Hole # From (m) To (m) Interval(m) Zinc (%) Ag (g/t)
DDH52 80 84 4 6.75 17
106 114 8 1.78 17
DDH 66 46 50 4 1.14 16
90 92 2 trace 74
118 122 4 1.91 36
152 154 2 1.78 114
200 202 2 3.40 9
208 210 2 1.35 10
222 224 2 2.10 39
DDH 67 122 124 2 3.80 21
152 166 14 0.57 17
214 216 2 2.30 32
DDH 68 36 38 2 trace 36
104 108 4 3.15 60
112 138 26 1.72 35
including 112 116 4 3.05 176
including 118 122 4 1.68 6
and 132 138 6 2.82 28
DDH 70 28 32 4 3.75 7
56 62 6 1.68 3
90 92 2 7.30 16
98 104 6 7.30 40
including 100 104 4 10.45 59
108 110 2 2.20 9
130 136 6 2.06 6
156 170 14 4.18 12
174 176 2 3.90 37
The rig is currently drilling immediately to the east of the main target area to test for mineralization at depth; it will then move to the northern end of the main zone for further drilling.
On completion of the Ayawilca drilling program the rig will move to Zone 1 to drill the northern extension of the NI 43-101 compliant resource.
Mr Carter said; 'This is a positive result as it confirms that there is mineralization in areas other than Zone 1 at Colquipucro and the possibility of defining further resources. The priority now is to complete the drilling at Ayawilca and recommence drilling at Zone 1 to test the northern extension'.
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'
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.
Tinka Resources Limited
CONTACT:
Company Contact: Investor Information Contact:
Mariana Bermudez at (604) 699 Bay Street Connect, Michael D'Amico
0202 or Tel: 1.647.500.6023
email: mbermudez@chasemgt.com Email: michael@baystreetconnect.com
website: www.tinkaresources.com