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Tinka announces upcoming exploration drill program at Ayawilca and status of PEA
Tinka announces upcoming exploration drill program at Ayawilca and status of PEA C...
About this update from Tinka Resources Limited
[{"type":"text","content":"\n\n\n\nTinka announces upcoming exploration drill program at Ayawilca and status of PEA\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 28, 2019\n\n\n\nVANCOUVER, Feb. 28, 2019 /CNW/ - Tinka Resources Limited (\"Tinka\" or the \"Company\") (TSXV & BVL: TK) (OTCPK: TKRFF) is pleased to announce details of its upcoming exploration drill program and provide an update on the Preliminary Economic Assessment (\"PEA\") for the Ayawilca zinc project, Peru.  \nKey Highlights\nAn exploration drill program of up to 10,000 metres is anticipated to commence in April 2019. Exploration drilling will target structural repeats of the mineralized limestone beneath the current high-grade zinc resources at West, South, and Central Ayawilca. Drilling during 2018 confirmed that a deeper limestone unit exists and can host exceptional grade (including 10.4 m at 44% Zn in A18-129). The Company's PEA is progressing well and is expected to be completed by mid 2019. The PEA, which is managed by Wood (Peru) as lead consultant, will not be impacted by the upcoming exploration drill program. Metallurgical test work on samples containing tin is currently being conducted as part of the PEA. This week, the Company filed an EIA modification for Ayawilca, which will extend the drill permit for an additional 2 years until the end of 2022. Once granted, the permit will allow sufficient drill platforms for a future Prefeasibility-stage infill drill program. The EIA modification is not required for the 2019 drill program, and is expected to be granted Q4 2019. Tinka will be represented by its senior management and geological team at the Prospectors and Developers Association of Canada (\"PDAC\") annual conference in Toronto from March 3 – 6 at booth 2937 in the Investors Exchange. Tinka will provide a brief corporate presentation in room 803 in the South Building of the Metro Toronto Convention Centre (\"MTCC\") at 10:30am EST on Tuesday, March 5, and a technical presentation as part of the New Discoveries and Developments Ses...