Including 10m grading 625 g/t Silver and 28m grading 105 g/t Silver
TSXv - TK; Frankfurt - TLD; Pinksheets - TKRFF
VANCOUVER, Aug. 28 /CNW/ - Tinka Resources Limited (the "Company") (TSXv - TK; Frankfurt - TLD; Pinksheets - TKRFF). Mr. Andrew Carter, President & CEO, provides the results of the first four drill holes of an eleven hole diamond drill exploration program currently underway at the Company's 100% owned Colquipucro silver project, west-central Peru. Three holes have targeted known surface and underground mineralization along the westernmost section of the program area, and one hole targeted known surface mineralization one hundred metres to the east.
Said Mr. Carter: "The initial assay results from Colquipucro are very encouraging and we look forward to the continuation of this program. The results from CDD4 are significant as it is the first opportunity the Company has had to test along strike from the adit area. The new drill contractor is currently drilling hole 6 and is proceeding very satisfactorily."
Drilling results are as follows:
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HOLE SECTION FROM TO TOTAL Recovery Silver Lead Zinc
NO. m m m % g/t % %
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CDD1 332600E 0 4 4 72 154 0.4 nil
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12 14 2 95 50 0.1 nil
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16 20 4 99 71 0.2 nil
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24 34 10 99 67 0.1 0.1
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38 40 2 90 38 nil 0.1
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60 62 2 6 53 nil nil
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70 72 2 67 61 0.2 0.1
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74 76 2 84 30 nil 0.2
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82 84 2 5 61 0.1 0.6
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98 100 2 97 40 0.2 0.1
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102 106 4 36 146 0.4 0.3
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126 130 4 91 154 0.4 0.3
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CDD2 332600E 36 38 2 100 40 0.1 0.1
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66 78 12 36 90 0.2 nil
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80 84 4 71 54 0.3 0.1
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86 92 6 100 70 0.2 nil
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106 108 2 71 37 nil nil
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112 116 4 30 42 nil nil
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152 154 2 33 0.2 nil 2.1
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156 158 2 18 2.0 nil 1.7
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CDD3 332600E 0 4 4 26 276 0.1 nil
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Including 2 4 2 22 486 0.1 nil
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14 18 4 61 54 0.1 0.1
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20 26 6 95 76 0.3 0.2
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28 30 2 94 42 0.2 0.2
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66 70 4 97 36 0.1 nil
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76 78 2 88 35 0.1 nil
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146 148 2 46 664 1.2 4.2
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164 174 10 85 131 0.4 1.3
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Including 166 170 4 73 250 1.0 1.7
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176 182 6 89 82 0.3 1.0
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CDD4 332700E 0 2 2 35 66 0.3 nil
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10 38 28 96 105 0.2 nil
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Including 18 26 8 99 210 0.3 nil
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46 48 2 100 77 0.3 nil
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66 68 2 100 46 0.1 0.1
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96 104 8 99 125 0.3 0.2
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110 116 6 100 174 0.3 0.2
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118 128 10 88 625 1.2 0.1
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Including 122 128 6 80 1003 1.8 0.1
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150 160 10 91 7 nil 2.2
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Including 156 158 2 78 16 nil 5.7
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166 170 4 24 73 0.8 1.1
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180 184 4 34 38 0.2 0.7
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All intercepts are down-hole lengths and true widths have not been calculated. A 30 g/t cut-off has been used for silver and a 0.1% cut off for lead and zinc. It should be noted that badly fractured ground has caused poor core recovery in a number of sampled intervals.
All diamond drilling has been performed using HQ and NQ diameter core. Core is logged and split on site under the supervision of Tinka geologists. Sampling is done on two metre intervals and samples are transported by company staff to Plenge Laboratories in Lima, Peru for assay by multi acid digestion method. The Company has continued a program of randomly inserting known sample standards as a means of checking on laboratory analytical reproducibility. Random samples were also transported to IPL Laboratories in Vancouver for check analysis. Results from the quality control program are within acceptable limits.
The Company's Qualified Person as defined in National Instrument 43-101, John Nebocat (P.Eng.), who has visited the drill site to both observe the drilling and sampling procedures, 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 press 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. Neirther the TSX Venture Exchange nor the Frankfurt Deutsche Boerse have reviewed the information contained herein, and, therfore, do not accept responsibility for the adequacy or accuracy of this release.