Vancouver, Canada – Tinka Resources Limited (“Tinka†or the “Companyâ€) (TSXV & BVL: TK) (OTCPK: TKRFF) is pleased to announce partial results from drill hole A20-170 and full results from A20-169, the first two holes of the 2020 drill program at the Ayawilca project in central Peru. Drill hole A20-170 at South Ayawilca intersected several zones of high-grade zinc (silver-lead) mineralization from 203 metres to 357 metres depth, with assay results reported here to a depth of 309 metres only. Assay results for mineralized samples beyond 309 metres depth are pending. The receipt of assays from the laboratory has been slower this year due to the impacts of COVID-19 in Peru.
Drill Highlights:
Hole A20-170 (South Ayawilca)
- 12.2 metres @ 4.1% zinc, 1.2% lead & 60 g/t silver from 202.9 metres depth, including - 2.2 metres @ 10.2% zinc, 2.5% lead & 121 g/t silver from 202.9 metres depth; and - 3.7 metres @ 6.5% zinc, 0.1% lead & 13 g/t silver from 243.2 metres depth; and - 25.9 metres @ 10.0 % zinc & 15 g/t silver from 282.6 metres to end of sampled interval, including - 13.7 metres @ 15.9% zinc & 26 g/t silver from 282.6 metres depth; These are partial results only – significant visible zinc and iron sulphide mineralization has been observed from 309 metres depth (end of reported interval above) to the contact with the underlying phyllite at 357 metres depth – assay results for this interval are pending; Mineralization is associated with gently dipping sulphide rich “mantos†hosted by limestones; True thicknesses of the manto intersections are estimated to be at least 90% of the downhole thicknesses.
Hole A20-169 (West Ayawilca)
- 0.9 metres @ 13.7% zinc, 0.6% lead & 133 g/t silver from 108.8 metres depth; and - 1.1 metres @ 12.4% zinc, 2.1% lead & 147 g/t silver from 136.0 metres depth; and - 1.1 metres @ 18.8% zinc, 5.0% lead & 172 g/t silver from 190.0 metres depth; and - 0.7 metres @ 15.2% zinc, 1.3% lead & 71 g/t silver from 210.5 metres depth; and - 1.2 metres @ 22.7% zinc, 3.9% lead & 190 g/t silver from 356.8 metres depth. Mineralization in hole A20-169 is vein style – these veins have unknown true thicknesses.
Hole A20-170 is an infill hole within the overall footprint of the inferred resource at South Ayawilca. Hole A20-169 is a step-out hole 75 metres west of the existing inferred resource at West Ayawilca – this hole intersected several high-grade but narrow zinc-silver-lead veins. So far in the drill program, approximately 2,500 metres have been completed in seven drill holes (see Figure 1 for a map of drill holes). The overall program is now expected to extend into early 2021. Several drill targets still remain to be tested, including the large area between West and South Ayawilca which has seen limited past drilling.
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