VANCOUVER, Jan. 11 /CNW/ - Tinka Resources Limited (the "Company") (TSXv - TK; Frankfurt - TLD; Pinksheets -TKRFF).
Mr. Andrew Carter, President & CEO, is pleased to announce further results of surface channel samples taken from the Company's 100% owned 2,079 hectare Colquipucro property located within the richly mineralized Zn-Pb-Ag belt of central Peru.
Numerous east-west trending and steeply northerly dipping fault/breccia zones crosscut the hillside at fairly regular intervals along its length. The host rock is a banded sandstone unit of the Chimu Formation which has been extensively fractured between the adjacent fault zones, resulting in a series of parallel, closely-spaced fractures resembling a stockwork texture. It appears that the mineralizing event that produced the high grade silver mineralization along the fault zones also produced mineralization over large widths in the intervening host rock. Anomalous lead and zinc values occur with the high grade silver. These faults and fractures are filled with limonites derived from sulphides and no associated vein material, like quartz, carbonates or barite, are observed. Surface workings along these faults have been traced over approximately a 500m in strike length by at least 300m north-south.
A total of five channels using a diamond saw to cut channels in the bedrock, have now been completed over a 400 m strike length of the east-west trending structures. The results of channel No. 1 (the westernmost one, and directly above the 3870 level adit) were announced in the press release dated November 21, 2006, which included 17m averaging 88 g/t Ag.
Samples were taken at regular 5m intervals except where high grade zones were interpreted to exist along pre-existing workings or fault structures. Summaries of the most significant intervals using, a 30 g/t Ag cut-off, are shown below.
Channel No. 2 (332700E)
-------------------------------------------------------------------------
From (m) To (m) Width (m) Average Ag (g/t)
-------------------------------------------------------------------------
20 32.1 12.1 38
-------------------------------------------------------------------------
including 2.1 105
-------------------------------------------------------------------------
40 45 5 65
-------------------------------------------------------------------------
60 70 10 42
-------------------------------------------------------------------------
80 90 10 117
-------------------------------------------------------------------------
including 5 763
-------------------------------------------------------------------------
139.2 143.5 4.3 57
-------------------------------------------------------------------------
159.1 165 5.9 54
-------------------------------------------------------------------------
200 210 10 33
-------------------------------------------------------------------------
245 250 5 44
-------------------------------------------------------------------------
Channel No. 3 (332800E)
-------------------------------------------------------------------------
From (m) To (m) Width (m) Average Ag (g/t)
-------------------------------------------------------------------------
60 68 8 53
-------------------------------------------------------------------------
96.8 97.1 0.3 72
-------------------------------------------------------------------------
146.5 146.9 0.4 38
-------------------------------------------------------------------------
161.7 163.7 2 35
-------------------------------------------------------------------------
187.4 187.6 0.2 55
-------------------------------------------------------------------------
225 235 10 35
-------------------------------------------------------------------------
240 250 10 42
-------------------------------------------------------------------------
265 270 5 44
-------------------------------------------------------------------------
Channel No. 4 (332900E)
-------------------------------------------------------------------------
From (m) To (m) Width (m) Average Ag (g/t)
-------------------------------------------------------------------------
91.1 91.7 0.6 108
-------------------------------------------------------------------------
130 145 15 109(x)
-------------------------------------------------------------------------
(x) includes 0.5% Pb and 4.0% Zn
Channel No. 5 (333000E)
-------------------------------------------------------------------------
From (m) To (m) Width (m) Average Ag (g/t)
-------------------------------------------------------------------------
129.3 130 0.7 225(xx)
-------------------------------------------------------------------------
(xx) includes 2.8% Pb and 1.5% Zn
In the vicinity of channel No. 3 a slight change occurs in the topography of the hill underlying Zone 1. This feature is believed to be caused by a roughly north-south trending normal fault that has down-dropped the eastern block relative to the western block and as there are fewer mineralized zones found in channels No. 4 and No. 5, it is interpreted that the main mineralization may occur at a greater depth below these easternmost trenches.
An induced polarization (IP) survey was completed in December and the interpretation of the results is in progress.
Results of surface samples taken from the second area of interest (see press release November 7th 2006), an iron clinker gossan 200 metres northeast of Zone 1, are pending and will be announced shortly. This area contains limonite and manganese "clinker" derived from what appears to have been massive sulphides over widths ranging from 30m to 80m.
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 B¿rse have reviewed the information contained herein, and, therefore, do not accept responsibility for the adequacy or accuracy of this release.