Tinka recommences drilling at the Ayawilca zone, Colquipucro project, Peru
VANCOUVER, Dec. 12, 2011 /CNW/ - Tinka Resources Limited (the 'Company'), , announces that the Company has recommenced drilling at the Ayawilca zone following the results of hole DDH-53. At least 2 deeper diamond drill holes will be undertaken to test the lateral and depth extensions of the semi-massive and massive sphalerite (zinc) mineralization intersected in that hole.
The Company's Qualified Person, John Nebocat (P.Eng), has recently been to the property and examined the drill core. His observations indicate that the host to this mineralization is a sedimentary breccia, dominantly composed of siltstone, that is interpreted as a turbidite sequence (submarine landslide) formed in a graben within the Gollyarisquiza group sandstones that host both Zone 1 and the Ayawilca zone on the Colquipucro property. The breccia has been locally strongly chloritized and subsequently mineralized with sphalerite and pyrite. Magnetite and arsenopyrite were also noted locally; these zones are being tested for gold content as gold is associated with arsenopyrite in this type of setting at certain mines in the central Andes.
While compiling the recent drill results with the results of an induced polarization (IP) anomaly identified during the geophysical survey completed in 2010 (see press release August 24, 2010), it was evident that hole DDH-53 intersected the southern lobe of this anomaly while the other holes at Ayawilca were, for the most part, above or west of it. The original program at Ayawilca was to explore for a near-surface, bulk tonnage silver deposit similar to Zone 1. This IP anomaly is about 600 m long east-west and is open both to the east and at depth.
A northerly-directed hole will be drilled from the site of hole DDH-52 to test the western end of this large IP anomaly, and another northerly-directed hole will be drilled from a permitted drill site over 200 m further to the east.
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