Tinka Resources Limited (TKRFF)

[douginil]

TINKA DRILLS 9 METRES GRADING 20% ZINC AT AYAWILCA

Vancouver, Canada – Tinka Resources Limited (“Tinka” or the “Company”) (TSXV & BVL: TK) (OTCPK: TKRFF) is pleased to announce new assay results for six diamond drill holes from the Company’s 2020-2021 resource expansion and infill drill program at the Ayawilca project in Peru. Four holes are located at the Camp area (A20-180, 181, 182 & 183) and two holes at the South area (A21-185 & 187).

The two holes at South Ayawilca intersected high grade zinc-silver mineralization associated with massive sulphide mineralization over substantial widths and are expected to expand the indicated mineral resources at the project. Tinka has drilled approximately 7,600 metres in 21 completed holes during the 2020-2021 program. The Company is compiling the drill data and completing geological interpretations in preparation for an updated mineral resource and Preliminary Economic Assessment (PEA) scheduled for the middle of 2021. Assay results for the final four drill holes are still pending.

Drill Highlights:
South Area:
Hole A20-187b

4.1 metres @ 17.7% zinc & 34 g/t silver from 302.9 metres depth; and
40.0 metres @ 8.8% zinc & 12 g/t silver from 324.0 metres depth, including
9.1 metres @ 20.1% zinc & 23 g/t silver from 353.3 metres depth.

Hole A20-185

1.7 metres @ 23.4% zinc & 97 g/t silver from 133.3 metres depth; and
5.0 metres @ 6.9% zinc & 13 g/t silver from 289.6 metres depth; and
23.6 metres @ 9.4% zinc & 10 g/t silver from 304.3 metres depth, including
9.6 metres @ 12.5% zinc & 14 g/t silver from 316.4 metres depth.

Camp area:
Hole A20-180

1.3 metres @ 34.6% zinc, 0.9% lead & 190 g/t silver from 89.0 metres depth.

Hole A20-181

5.9 metres @ 11.4% zinc, 1.9% lead & 39 g/t silver from 225.2 metres depth.

Hole A20-181a

16.0 metres @ 4.1% zinc & 10 g/t silver from 240.0 metres depth.

Hole A20-182

4.8 metres @ 3.8% zinc, 3.0% lead & 93 g/t silver from 191.5 metres depth; and
3.9 metres @ 21.1% zinc & 33 g/t silver from 301.8 metres depth.

Hole A20-183

6.0 metres @ 3.0% zinc, 2.1% lead & 57 g/t silver from 202.0 metres depth.


Mineralization is mostly associated with gently-dipping sulphide “mantos” hosted in limestones. True thicknesses of the mantos are estimated to be at least 90% of the downhole thicknesses. The intervals marked * are vein-style hosted by sandstones and have an unknown true thickness. Refer to map and cross sections in Figures 1 and 2.



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