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Tinka Provides Project Update Including Review of Key Geological Controls at Ayawilca
VANCOUVER, BC / ACCESSWIRE / October 16, 2024 / Tinka Resources Limited (" Tinka " or the " Comp...
About this update from Tinka Resources Limited
[{"type":"text","content":"Tinka Provides Project Update Including Review of Key Geological Controls at AyawilcaVANCOUVER, BC / ACCESSWIRE / October 16, 2024 / Tinka Resources Limited (\"Tinka\" or the \"Company\") (TSXV:TK)(BVL:TK)(OTCQB:TKRFF) is pleased to present an update on activities at the Company's 100%-owned Ayawilca and Silvia projects in Peru, and outline its exploration priorities as it enters the 2024/25 exploration season. The focus for the Company continues to be to advance the Ayawilca zinc-silver-tin project towards development. The 2024 Preliminary Economic Assessment (\"PEA\") demonstrated that Ayawilca is a robust project with strong economic fundamentals and excellent exploration upside.During the second half of 2024, the Company carried out a detailed geological review of the mineralization at Ayawilca, taking into account key findings from the Company's successful 2022-2023 drill program which led to an updated PEA being released in February 2024. This work has led to a significant change in the geological model for the deposit, resulting in an improved level of confidence in the geometry of some of the key areas of the resource and an understanding of the controls to mineralization. The review highlighted a number of exploration targets with significant potential to increase both in size and in the quality of the resource.Key exploration targets for the 2024/25 exploration season include:East Ayawilca: the Company will be targeting high-grade zinc mineralization up-dip and along strike of previous wide-spaced drill hole intercepts.West Ayawilca: the Company will be seeking to extend the West Ayawilca zinc zone (14.5 Mt @ 5.1% Zn, 14 g/t Ag & 0.2% Pb in Indicated Mineral Resources) to the north.Expanding the Silver and Tin zones, which have been largely untested, especially to depth.In addition, the Company expects to receive final approvals to launch a maiden drill program at its Silvia Copper-Gold exploration property in the first half of 2025.Dr. Graham Carman, Tinka's President and CEO, stated:\"Tinka's Ayawilca project is without a doubt one of the largest undeveloped zinc-dominant base metal projects in the Americas and, we believe, one of the most developable, located within a mining region with access to excellent infrastructure and close to a local smelter and port. The Company is advancing the project along the develo...