Tinka drills 8 metres of 15.9% zinc and 33 g/t silver at Ayawilca zone, Colquipucro Project, Peru
VANCOUVER, Nov. 21, 2011 /CNW/ - Tinka Resources Limited (the 'Company'), , announces the results from the final three 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. In addition, hole DDH53 encountered a wide section of massive and breccia-style pyrite-sphalerite mineralization with minor galena. The mineralization in hole DDH53 remains open at depth.
Mineralized intervals, dominated by sphalerite, include:
Hole # Easting Northing Elevation From To Interval Zinc Ag
(m) (m) (m) (m) (m) (m) (%) (g/t)
DDH53* 332979 8846188 4263 38 46 8 1.68 9
76 78 2 2.50 6
86 88 2 1.03 58
92 94 2 2.20 5
182 184 2 0.43 173
196 200 4 2.55 75
204 208 4 1.76 31
220 222 2 2.30 38
226 256 30 3.49 7
258 268 10 3.93 9
270 280 10 4.52 17
including 274 276 2 10.01 42
292 302 10 2.14 2
304 315 12 3.17 2
DDH 69 332782 8846170 4293 138 140 2 13.56 390
including 1.83%
Pb
156 160 4 1.87 78
178 180 2 3.80 94
DDH 71 332741 8846276 4312 58 60 2 1.25 29
66 68 2 1.09 34
78 80 2 1.14 79
96 98 2 0.27 43
152 154 2 4.80 18
184 190 6 3.56 16
196 204 8 15.94 33
including 196 200 4 30.90 63
* DDH-53 remains open at depth
Estimated true widths have not been calculated.
As a result of these assays, the Company will recommence drilling at the Ayawilca zone and complete up to 3 additional deep diamond drill holes to assess the extent of the polymetallic mineralization. This area of polymetallic mineralization lies immediately east of the zone drill tested this year in strongly faulted and recessive sandstones. The Company has 8 permitted drill pad sites located up to 700 m east of the main Ayawilca target zone; drill holes DDH52 and DDH53 were drilled from the westernmost of these permitted sites.
Mr Carter said: 'These are encouraging results as they confirm the presence of polymetallic mineralization at the Ayawilca zone and that there exists the possibility of defining further resources.'
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