Business
Tinka Discovers High Grade Zinc-Lead-Silver Sulphide Mineralization at Yanapizgo 2km South of Ayawilca
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 7, 2016) - Tinka Resources Limited ("Tinka" or the "Company") (TSX VENTURE:TK)(OTC PINK:TKRFF) is pleased to p
About this update from Tinka Resources Limited
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 7, 2016) - Tinka Resources Limited (\"Tinka\" or the \"Company\") (TSX VENTURE:TK)(OTC PINK:TKRFF) is pleased to provide an update of recent regional exploration activities at the Company's 100%-owned Ayawilca-Colquipucro project in the base metal belt of central Peru. A zone of high grade zinc-lead-silver sulphide mineralization has been discovered in outcrops at Yanapizgo, 2 kilometres southeast of the Ayawilca zinc resource. In addition at Tambillo, located 10 kilometres north of the Ayawilca resource, the discovery of massive pyrite in surface rocks continues to highlight the district-scale prospectivity for base metals at the project. Key highlights: Highlights of selective rock chip samples at Yanapizgo include: 8.8% zinc, 19.0% lead, 511 g/t silver over 0.8 metres; 8.0% zinc, 3.8% lead, 130 g/t silver over 0.8 metres, and 7.9% zinc, 3.5% lead, 81 g/t silver over 0.8 metres. Preliminary surface mapping at Yanapizgo has discovered base metal sulphide mineralization over a north-south strike length of approximately 350 metres. The thickness of the mineralization is yet to be determined - surface work is continuing; At the Tambillo prospect, 10 kilometres north of Ayawilca, massive pyrite mineralization has been identified in outcrops of sandstone over 400 by 300 metres. Tambillo is believed to be prospective because massive pyrite is observed overlying zinc and tin mineralization at the Ayawilca resource; A follow-up ground magnetic survey at Tambillo, just completed, has identified sub-surface anomalies for possible future drilling; A regional airborne survey covering the full 140 km2 tenement package at Ayawilca-Colquipucro will be completed during May 2016. Dr. Graham Carman, Tinka's President and CEO, stated: \"The new surface results at Yanapizgo are exciting for Tinka because they represent some of the highest grades of lead and silver, along with zinc, in surface samples anywhere at the project. It is one of few areas where base metal sulphides are exposed in limestone, the best host for zinc mineralization, at the surface. We are optimistic that mineralization at Yanapizgo could be a significant new zone 2 kilometres from the Ayawilca resource, and that it could be linked in some way.\" \"We believe that the Tambillo massive pyrite discovery also has significant explo...