Tinka Resources Limited (the "Company") (TSXv - TK; Frankfurt - TLD;
Pinksheets -TKRFF)
VANCOUVER, Jan. 24 /CNW/ - Mr. Andrew Carter, President, announces the results of further surface sampling on the Company's wholly owned 3,000 hectare Tingo Este copper porphyry property located in Coastal Peru, east of the city of Ica.
Mapping and prospecting have defined copper mineralization within a 1,000m by 800m area. Eighty two channel samples were collected over 2m widths to sample the dominantly fracture-controlled mineralization. These sites were taken at nominal 50m intervals along the major drainages within the target area. Results ranged from 0.012% to 0.9% copper with 20 samples assaying greater than 0.1% copper.
Mineralization is hosted by granodiorite and quartz monzonite of the Coastal Batholith (largely biotite granodiorite) which has intruded Jurassic to Cretaceous age sediments and volcanics. Quartz, limonite, geothite, pyrite, chalcopyrite, copper oxide and molybdenite were found along the fractures.
The Company is planning further work on the property which will involve further detailed mapping, rock chip sampling and trenching to further delineate the extent of copper mineralization.
The Company's Qualified Person, John Nebocat, P.Eng., has verified the contents of this news 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 B¿rse have reviewed the information contained herein, and, therefore, do not accept responsibility for the adequacy or accuracy of this release.