Tinka Resources Limited (TSXv - TK; Frankfurt - TLD (WKN A0B 884);
Pinksheets - TKRFF).
VANCOUVER, May 15 /CNW/ - Mr. Andrew Carter, President, is pleased to announce that the Company has commenced a diamond drill program at the Company's 7,000 hectare Colquipucro Project , west-central Peru.
An initial diamond drill program consisting of eleven holes totaling approximately 2,000m will be undertaken on the project. Eight holes will target the known surface and underground mineralization. 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 and 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 releases dated November 6 and 21, 2006 and January 11, 2007). In addition, three holes will target chargeable anomalies identified by the induced polarization survey completed in February, 2007.
The Company's Qualified Person as defined in National Instrument 43-101, 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 Boerse have reviewed the information contained herein, and, therefore, do not accept responsibility for the adequacy or accuracy of this release.