Tinka Resources Limited (TSXv - TK; Frankfurt -9TLD (WKN A0B 884);
Pinksheets - TKRFF)
VANCOUVER, March 1 /CNW/ - Mr. Andrew Carter, President, is pleased to announce that the Company has received a report on the induced polarization (IP) survey undertaken on the Company's Colquipucro project, west-central Peru. The pole-dipole survey consisted of 10 lines totalling 8 km in length. The inversion model of the IP data has produced a zone of high chargeabilities from surface to a depth of greater than 150m over an area roughly 400m east-west by 700m north-south. Some of the chargeability conductors correlate with the strongly mineralized zones in the 3870 level adit while others can be related to mineralized zones found in the surface trenches.
Previous sampling along the adit identified that the banded sandstone host rock is strongly mineralized in part. There were significant intercepts, and sampling returned results such as 25m of 171 g/t silver and 8m of 253 g/t silver (see press release November 6 2006). At surface, channel sampling returned results such as 8m of 145 g/t silver, 10m of 130 g/t silver and 17m of 88 g/t silver (see press release November 21 2006).
Mr Carter says "We now have all information from the Colquipucro project in hand, and are particularly pleased with the degree of correlation between the areas of known surface mineralization and the chargeability anomalies. The IP results will assist in identifying drill targets both associated with, and outside of, the known mineralization. Several of these targets will be at depth below the area of previous mining. We look forward to getting a drill rig onto site once permitting and access has been completed."
The Company is currently constructing an access road to the top of the Zone 1 hill in preparation for a diamond drilling program scheduled to commence as soon as the permit is received.
The Company's Qualified Person, John Nebocat (P.Eng.), has reviewed and approved the contents of this press release.
On behalf of the Board,
"Andrew Carter"
Andrew Carter, President & CEO
Forward Looking Statements. This Company news release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Neither the TSX Venture Exchange nor the Frankfurt Deutsche Borse have reviewed the information contained herein, and, therefore, do not accept responsibility for the adequacy or accuracy of this release.