Tinka recommences drilling at Zone 1, Colquipucro Project, Peru
VANCOUVER, Nov. 9, 2011 /CNW/ - Tinka Resources Limited (the 'Company'), , announces that the initial drill program at the Ayawilca zone has been completed with 8 diamond drill holes totalling 1,822 metres. Core from the final 3 holes has been logged and is being prepared for shipment to the laboratory in Lima.
The drill rig has been moved to the northern extension of the NI 43-101 compliant resource at Zone 1 and drilling has commenced with a minimum of 7 holes to be drilled. Five holes will test the northern extension of Zone 1 and at least 2 further holes will be drilled within the existing resource area.
The Company is planning a program of in-fill drilling after this campaign to move the resource from the 'inferred' to 'indicated' category. A scoping study will be commissioned after this phase of drilling.
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