Tinka Resources Limited (TKRFF)

[douginil]

Tinka Announces Filing Of NI 43-101 Technical Report For The PEA On The Ayawilca Property, Peru

August 15th, 2019

Vancouver, Canada – Tinka Resources Limited (“Tinka” or the “Company”) (TSXV & BVL: TK) (OTCPK: TKRFF) announces that it has filed a National Instrument 43-101 Technical Report (the “Technical Report”) for the Preliminary Economic Assessment (“PEA”) on the Ayawilca Property, Peru, in support of the Company’s news release dated July 2, 2019 (the “News Release”). There are no material differences in the NI 43-101 Technical Report from the information disclosed in the News Release.

{{ see July 2nd below }}

The Technical Report was prepared by Amec Foster Wheeler Peru S.A. (Wood) as principal consultant, Transmin Metallurgical Consultants, and Roscoe Postle Associates Inc. (RPA), and is titled “Ayawilca Polymetallic Project, Department of Pasco, Central Peru – NI 43-101 Technical Report”.The Technical Report may be found under the Company’s profile on www.sedar.com and at the Company’s website at www.tinkaresources.com.

The Company held an investor webcast on Wednesday, July 31, 2019. Dr. Graham Carman presented a summary of the results of the Company’s PEA and discussed the next steps of the ongoing Ayawilca exploration program. Tinka’s shareholders and interested parties may listen to the July 31 webcast by using the following link: https://event.on24.com/wcc/r/2059247/4A04B90B7E1E103C32370F058F1FD77F


Read more at:
https://www.tinkaresources.com/news/tinka-announces-filing-of-ni-43-101-technical-report-for-the-pea-on-the-ayawilca-property-peru


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July 2nd news release


Tinka Reports Positive Pea For The Ayawilca Zinc Project
July 2nd, 2019

After-Tax NPV8% of US$363M and IRR of 27% Initial Capex of US$262M

Vancouver, Canada – Tinka Resources Limited (“Tinka” or the “Company”) (TSXV & BVL: TK) (OTCPK: TKRFF) is pleased to announce positive results from the Preliminary Economic Assessment (“PEA”) prepared for its 100%-owned Ayawilca Zinc Zone project in central Peru. The PEA was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) by Amec Foster Wheeler Peru S.A. (Wood) as principal consultant, Transmin Metallurgical Consultants, and RPA Inc.The PEA provides the initial economic assessment for an underground ramp-access mine development with a 5,000 tonnes per day processing plant.

PEA Highlights

After-tax NPV8% of US$363 million and pre-tax NPV8% of US$609 million using metal prices of US$1.20/lb zinc, US$18/oz silver, and US$0.95/lb lead on a 100% equity basis;

Initial Capex of US$262 million with after-tax IRR of 27.1% and pre-tax IRR of 37.2%;

21-year mine life with average head grades of 6.05% zinc, 18.3 g/t silver, 67.1 g/t indium, and 0.25% lead;

Average annual production of approximately 101,000 tonnes of zinc recovered in concentrate and approximately 906,000 ounces of silver in a silver-lead concentrate;

Leverage to zinc price: 20% increase in zinc price increases after-tax NPV8% to US$606 million;

Numerous opportunities identified for potential economic improvement & exploration upside.

Note: The PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.Mineral resources are not mineral reserves and do not have demonstrated economic viability.


Read more at:
https://www.tinkaresources.com/news/tinka-reports-positive-pea-for-the-ayawilca-zinc-project