Business
Tincorp Announces Assay Results of Historic Cores from Its Porvenir Project in Bolivia Including 60.20 m Grading 0.66% Tin or 322.8 g/t AgEq
Vancouver, British Columbia--(Newsfile Corp. - March 2, 2023) - Tincorp Metals Inc. (TSXV: TIN)...
About this update from Tincorp Metals Inc
[{"type":"text","content":"Tincorp Announces Assay Results of Historic Cores from Its Porvenir Project in Bolivia Including 60.20 m Grading 0.66% Tin or 322.8 g/t AgEqVancouver, British Columbia--(Newsfile Corp. - March 2, 2023) - Tincorp Metals Inc. (TSXV: TIN) (OTCQX: TINFF) (\"Tincorp\" or the \"Company\") is pleased to announce that it has received the first two batches of assay results of historic core samples from its Porvenir tin-zinc-silver (Sn-Zn-Ag) Project (the \"Project\"), located in the west-central region of Bolivia, 65 kilometers (\"km\") southeast of the city of Oruro. The highlight results were received from hole PV-41 with an intercept of 60.20 meters (\"m\") grading 0.66% g/t tin, 1.44 g/t zinc, and 6.30 g/t silver totaling 322.8 g/t AgEq.As previously reported (see news release dated August 31, 2022), the Company has the rights to acquire a 100% interest of the Porvenir Project. The Property was subjected to some small-scale, historic mining and was explored and drilled by Japanese mining company, Dowa Metals and Mining Company (\"Dowa\"), from 2007 to 2011. In total, Dowa completed 88 diamond drill holes totaling approximately 25,000 m of core based on the data acquired by the Company from an independent source. However, only 918 m of core had been sampled and assayed by Dowa previously.Samples were collected from recovered historic core, and the newly received assays have confirmed historic mineralization intercepts (Table 4 and Table 5) and further indicated that the mineralization is more extensive down-hole. From October to December 2022, over 1,300 m of historic core from 37 holes have been recovered, relogged and sent for assay, including 1,391 samples. There remain another 679 assays for the company to report.Mr. Gordon Neal, CEO of the Company, stated, \"The results of our sampling and assaying program to date are encouraging, as Tincorp's results closely correlate with the historic assays and has shown tin mineralization is more extensive in each hole sampled than was indicated in the historic data. The relogging and assaying program on historic core was completed in 2022 and we are expecting more assays in the next few weeks.\" The most encouraging results are from holes PV-41 and PV-26.PV-41 has a total hole length of 355 m. 82.20 m of core have been recovered and assayed, including the intervals between 220-235 m and 265-...