Tinka Resources Limited (TKRFF)

[douginil]

Tinka Resources Limited - update on exploration activities

September 9, 2020

Vancouver, Canada – Tinka Resources Limited (“Tinka” or the “Company”) (TSXV & BVL: TK) (OTCPK: TKRFF) is pleased to provide an update on exploration activities at its 100%-owned Ayawilca zinc-silver project in Peru. Preparations are underway for a ~7,000 metre drill program consisting of approximately 20 diamond drill holes. Three drill rigs are expected to mobilize to site and commence drilling by the end of September 2020. The program will target areas where earlier drilling identified high grade zinc and silver mineralization, often outside of the known resources. Most of these zones lie adjacent to the Colquipucro Fault, an important north-northwest trending regional structure (Figures 1 and 2). It is anticipated that the drill program will be completed in early 2021, subject to potential delays as a result of the COVID-19 pandemic. A framework of stringent health and safety measures has been implemented, which includes protocols to prevent the spread of COVID-19, and, as a result, the timing of the start and completion of the drill program may vary.

The 2020 drill program will focus on a combination of resource step-out drilling in areas where mineralization remains open to increase resources, and infill drilling to upgrade the category of the Ayawilca resources in areas of high grade mineralization. Priority targets include:

West Ayawilca: Step-out holes down-dip of previous drill hole intersections, which include 10 metres grading 665 g/t silver, 1.4% zinc and 1.9% lead in drill hole A18-131 (not included in resource estimate) and 31.9 metres grading 9.6% zinc & 19 g/t silver in hole A18-118 (included in inferred resource) (see news releases dated October 15, 2018, and May 24, 2018).
West Ayawilca: Infill drilling to upgrade Inferred resources into Measured or Indicated categories (approximately 50% of program). Current Inferred resource includes drill hole intercepts such as 10.4 metres grading 44.0% zinc & 43 g/t silver in hole A18-129 (see news release dated June 26, 2018).
The Colqui Silver Zone: Step-out holes are planned to test for possible down-dip extensions of the oxide silver mineralization. Previous drill hole highlights include 128 metres grading 91 g/t silver in CDD4, and 52 metres grading 155 g/t silver in hole CDD43 (see Figure 3).

The Ayawilca Zinc Zone (sulphide) contains an estimated 1.8 billion pounds zinc and 5.8 million ounces silver in the Indicated category, and 5.6 billion pounds zinc and 25.2 million ounces silver in the Inferred category (see news release dated November 26, 2018). The Colqui Silver Zone (oxide) contains an estimated 14.3 million ounces silver in the Indicated category and 13.2 million ounces silver in the Inferred category, with mineralization starting from surface (see link to Technical Report dated July 2, 2019).

Read more at:
https://mailchi.mp/71a360f4583a/tinka-provides-update-on-upcoming-drill-program-at-ayawilca-zinc-silver-project?e=e6d14b37f4