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Tinka commences 10,000 metre drill program at Ayawilca zinc project, announces new IP results & targets
Large IP anomaly modelled immediately below surface zinc anomalies VANCOUVER , July ...
About this update from Tinka Resources Limited
[{"type":"text","content":"\n\nLarge IP anomaly modelled immediately below surface zinc anomalies\n\n\n\nVANCOUVER, July 28, 2015 /CNW/ - Tinka Resources Limited (\"Tinka\" or the \"Company\") (TSXV: TK) (OTCPK: TKRFF) is pleased to announce that the Company has mobilized two drill rigs to commence up to 10,000 metres of diamond drilling at the Company's 100%-owned Ayawilca zinc project, Peru. The key objective of the drill program is to expand the existing Inferred Mineral Resource of 13.3 million tonnes grading 7.7% zinc equivalent (see PR February 26, 2015).  In addition, the results of a new Induced Polarization (IP) geophysical survey highlight a number of exciting new zinc targets. \n\nHighlights include:\n\n\nUp to 10,000 metre fully funded drill program to commence immediately:\n\nTwo rig drill program; \nObjective to expand existing NI 43-101 Zinc Mineral Resource areas;\n \n\n\nSignificant new IP survey anomalies defined:\n\nPreviously unmapped and untested; and \nDirectly coincident to surface zinc soil anomalies and gossans.\n \n\nDr. Graham Carman, Tinka's President and CEO, stated: \"We are excited to recommence drilling at Ayawilca following our successful drill campaign of 2014, which resulted in our Inferred Mineral Resource of 13.3 million tonnes grading 7.7% Zinc equivalent containing 1.7 billion pounds zinc, 909 tonnes indium, 5.8 million ounces silver, and 55 million pounds lead.  Our key objective for this year is to substantially increase our zinc-rich Inferred Mineral Resource. Known sulphide bodies at Ayawilca occur as carbonate replacement deposits or \"mantos\" which are constrained in size and shape only by lack of drilling.  The expanded IP has provided us with additional drill targets which could significantly increase the mineralization footprint.  I look forward to updating the market on the drill results.\"\n\n2015 Ayawilca Drill ProgramThe 2015 program will focus on drill testing extensions of the Inferred Mineral Resource at East, Central and West Ayawilca as well as testing some new targets (Figure 1 and Figure 2). Up to 24 step-out holes are planned commencing with two rigs drilling concurrently.  The program is expected to take around 4 months to complete, with results to be released once assays become available and interpreted. \n\nThe drill program will commence at East Ayawil...