Wednesday, January 09, 2019 5:10:10 PM
January 9th, 2019
Vancouver, Canada - Tinka Resources Limited (“Tinka” or the “Company”) (TSXV & BVL: TK) (OTCPK: TKRFF) Vancouver, Canada announces that the Company has filed an updated independent National Instrument 43-101 Technical Report (the “NI 43-101 Technical Report”) on the Mineral Resource Estimate for the Ayawilca Property, Department of Pasco, Peru, in support of the Company’s news release dated November 26, 2018 (the “News Release”). There are no material differences in the NI 43-101 Technical Report from the information disclosed in the News Release.
Part of the Zinc Zone Mineral Resource is now classified as Indicated, incorporating a higher-grade portion of the deposit. In addition, the updated Inferred Mineral Resource is of a similar size and grade to the previous Zinc Zone resource reported in November 2017. The updated Tin Zone Inferred Mineral Resource is also substantially larger. This resources update follows a very successful drilling program, with the Company completing approximately 20,000 metres during 2018.
Key Highlights of Updated Mineral Resources at Ayawilca
Indicated Zinc Zone Mineral Resource of 11.7 million tonnes grading 6.9% zinc, 0.16% lead, 84 g/t indium and 15 g/t silver (8.1% zinc equivalent “ZnEq”), containing:
1.8 billion pounds of zinc;
983 tonnes of indium;
5.8 million ounces of silver; and
42 million pounds of lead.
Inferred Zinc Zone Mineral Resource of 45.0 million tonnes grading 5.6% zinc, 0.23% lead, 67 g/t indium and 17 g/t silver (6.7% ZnEq), containing:
5.6 billion pounds of zinc;
3,003 tonnes of indium;
25.2 million ounces of silver; and
230 million pounds of lead.
Inferred Tin Mineral Resource of 14.5 million tonnes grading 0.63% tin, 0.21% copper, and 18 g/t silver (0.70% tin equivalent “SnEq”), containing:
201 million pounds of tin;
67 million pounds of copper; and
8 million ounces of silver.
The Tin Zone and Zinc Zone resources do not overlap. The Mineral Resources have an effective date of November 26, 2018 and are reported above an NSR cut-off value of US$55/tonne, as estimated by Roscoe Postle Associates Inc. (“RPA”) of Toronto, Canada. Other key assumptions, parameters, and methods are:
Read more at:
https://www.tinkaresources.com/news/tinka-announces-filing-of-ni-43-101-technical-report-on-the-ayawilca-property-peru-2019
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