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Tinka Acquires Minority Stake in Gold Exploration Property in Saudi Arabia
Vancouver, British Columbia--(Newsfile Corp. - August 19, 2025) - Tinka Resources Limited  ...
About this update from Tinka Resources Limited
[{"type":"text","content":"Tinka Acquires Minority Stake in Gold Exploration Property in Saudi ArabiaVancouver, British Columbia--(Newsfile Corp. - August 19, 2025) - Tinka Resources Limited (TSXV: TK) (OTCQB: TKRFF) (\"Tinka\" or the \"Company\") is pleased to announce that it has acquired, through its 100%-owned subsidiary Tinka Saudi Resources Corp., a minority stake in a mineral exploration property in Saudi Arabia prospective for gold deposits. The concession over the Property, known as \"Huwaymidan\", was acquired as the result of a successful competitive tender by a mining consortium including Tinka in Round 6 exploration licence auction held by the Ministry of Industry and Mineral Resources of Saudi Arabia (the \"Ministry\") in November 2024 (link here). The Ministry granted a concession over the Property to Midad Al Mona Mining Company (\"Midad Al Mona\"), a newly established Saudi Arabian company, in late July 2025. Tinka now owns a 5% carried interest in Midad Al Mona while our Saudi Arabian partner owns 94%. Midad Al Mona will be fully funded and capitalized by our Saudi partner for the first two years of the exploration program. Huwaymidan covers an area of 34 km2 in the Jiddah Terrane of the Saudi Arabian Shield (Figure 1). Numerous gold workings are known, while no mineral resources have been defined. Past trench sampling results include 10 g/t gold over 2.5 metres within a much wider clay - silica alteration zone with gold anomalism and a mapped strike of 1 km. Field work will commence in September 2025 with a program of mapping, rock sampling and ground-based geophysics (magnetics). An initial shallow drill program is planned for late 2025, and no additional permitting is required to allow drilling. Key highlights of the Huwaymidan Property acquisition:Huwaymidan is situated 300 km east of the Red Sea city of Jeddah in central Saudi Arabia, an area with excellent road access. The Property has historic gold workings (surface trench results up to 2.5 m @ 10 g/t Au) yet to be tested by modern exploration. There is no past drilling recorded. Much of the area is covered by shallow sand. The Property is located in an underexplored region of the Precambrian-age Arabian Shield prospective for orogenic gold. Deposits in the region include Ar Rjum (~ 3.9 Moz Au) just 30 km from Huwaymidan, and Mansourrah-Masarah gold mines (~ 7.5 Moz Au) ...