Tinka Resources Limited (TSXv - TK; Frankfurt - TLD (WKN A0B 884);
Pinksheets - TKRFF)
VANCOUVER, Jan. 18 /CNW/ - Mr. Andrew Carter, President, is pleased to announce the results from a preliminary trenching program conducted on a gossanous "clinker" zone that was discovered approximately 100m north of the trenches in the area currently being explored at Colquipucro. This new area contains limonite and manganese oxides derived from what appears to have been massive sulphides over widths ranging from 30m to 80m, and the zone appears to be trending west-north-west/east-south-east. The high lead, zinc and silver values in this leached, gossanous material would suggest that it was originally quite rich in base metal sulphides prior to oxidation.
The gossan lies between the upper Chimu (or Goyllar) sandstone and the underlying Pucara limestone. The Company's Peruvian geological staff indicate that this type of gossan is similar to the limestone-sandstone contact at the Cerro de Pasco and Carahuacra-San Cristobal mines in the central Peruvian Andes where similar contact lithologies are found associated to underlying massive Zn deposits. The Zn deposits at both mines are world class.
The area sampled was just over 160m east-west and comprises six small trenches ranging from 6m to 14m in length. Some of the most significant results from the leached zone are: 14 metres averaging 11 g/t Ag, 1.0% Zn, 0.5% Pb, 8 metres averaging 8 g/t Ag, 1.1% Zn, and 8 metres averaging 22 g/t Ag, 0.5% Zn, 0.2% Pb.
Further surface exploration will be undertaken during the next 2 months. The results of the recently completed geophysical program are expected within the next ten days and will be announced as soon as they are 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.