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Tinka Increases Inferred Mineral Resources at Ayawilca; Zinc Resource Now 18.8 Million Tonnes at 8.2% Zinc Eq, Initial Tin Resource 5.4 Million Tonnes at 0.89% Tin Eq
VANCOUVER, CANADA--(Marketwired - May 25, 2016) - Tinka Resources Limited ("Tinka" or the "Company") (TSX VENTURE:TK) (OTC PINK:TKRFF) (FRANKFURT:TLD) is please
About this update from Tinka Resources Limited
[{"type":"text","content":"VANCOUVER, CANADA--(Marketwired - May 25, 2016) - Tinka Resources Limited (\"Tinka\" or the \"Company\") (TSX VENTURE:TK) (OTC PINK:TKRFF) (FRANKFURT:TLD) is pleased to announce a resource update for its 100%-owned Ayawilca zinc - indium - silver - lead sulphide deposit in Peru, which now consists of 18.8 million tonnes grading 8.2% zinc equivalent (ZnEq) at a cut-off grade of 5% ZnEq. In addition, Tinka announces its first tin - copper - silver resource consisting of 5.4 million tonnes grading 0.89% tin equivalent (SnEq) at a cut-off grade of 0.45% SnEq. The Tin Zone resources lies spatially beneath the Zinc Zone and do not overlap. Both of the Mineral Resources are in accordance with the NI 43-101 Inferred Mineral Resource category at a cut-off grade equivalent to approximately US$60/t, as estimated by Roscoe Postle Associates Inc. (RPA) of Toronto, Canada. Dr. Graham Carman, Tinka's President and CEO, stated: \"The Mineral Resource update of the Zinc Zone represents a significant increase in tonnage and grade from the previous resource estimate (February 23, 2015) as a result of our successful resource step-out drill campaign especially at Central Ayawilca, during the latter part of 2015. In addition, we are very pleased to report a tin-copper-silver Mineral Resource estimate for the first time. The updated Zinc and first Tin resources remain open for expansion in most directions, and will be tested through an extensive drill program later in 2016, subject to obtaining final approvals.\" \"Market fundamentals for both zinc and tin are strong due to mine closures and diminishing mine grades. Tinka is well placed to take advantage of a supply shortfall in base metals as the mining cycle continues, and as Tinka continues to prove the potential of a significant zinc/tin deposit at Ayawilca.\" Table 1 - Ayawilca Deposit Inferred Mineral Resources - Zinc Zone ZnEq% Cut-off Tonnage (Mt) ZnEq% Grade Zinc % Lead % Indium g/t Silver g/t 3 22.3 7.5 5.5 0.2 67 13 4 20.9 7.8 5.6 0.2 70 14 5 18.8 8.2 5.9 0.2 74 15 6 13.1 9.4 6.6 0.2 93 16 7 9.5 10.4 7.2 0.2 110 17 Notes: 1. Base case highlighted. 2. See Table 3 for notes. Table 2 - Ayawilca Deposit Inferred Mineral Resources - Tin Zone SnEq% Cut-off Tonnage (Mt) SnEq% Grade Tin % Copper % Silver g/t 0.25 5.7 0.87 0.73 0.30 18 0.35 5.6 0.87 0.74 0.31 18 0.45 5.4 0.89 0.76 0.31 18 0.55 ...