Tinka Resources Limited (TKRFF)

[douginil]

TINKA PROVIDES AYAWILCA PROJECT UPDATE

Vancouver, Canada – Tinka Resources Limited (“Tinka” or the “Company”) (TSXV & BVL: TK) (OTCQB: TKRFF) is pleased to provide an update on the Company’s exploration and development activities at its 100%-owned Ayawilca project in central Peru.

December 14th 2023

Key Highlights for 2023

11,000 metre in-fill drill program has enhanced confidence in the Zinc and Silver mineral resources:
Hole A23-216: 98 metres at 8.8% zinc including 36 metres at 19.0% zinc (news release June 8, 2023).
Hole A23-217: 71.9 metres at 5.5% zinc & 8 g/t silver including 45.8 metres at 6.4% zinc & 10 g/t silver and 4.85 metres at 15.2% zinc & 23 g/t silver (news release June 8, 2023).
Hole A23-213: 30.4 metres at 6.0% zinc including 1.2 metres at 37.2% zinc and 30.5 metres at 5.1% zinc (news release June 8, 2023).
A23-212: 145.2 metres at 10.9% zinc including 29.3 metres at 20.2% zinc, 10.6 metres at 14.9% zinc, 9.8 metres at 15.1% zinc and 25.8 metres at 13.1% zinc (news release March 6, 2023).
A22-208: 4.6 metres at 32.4% zinc, 9.9 metres at 9.7% zinc and 71.2 metres at 8.8% zinc including 37.7 metres at 12.8% zinc (news release March 6, 2023).
A23-220 (Silver Zone): 29.5 metres at 182 g/t silver, 2.4% zinc & 0.8% lead including 7.1 metres at 604 g/t silver, 2.7% zinc & 1.6% lead (news release May 2, 2023).
This successful drill program has resulted in the decision by the Company to update the Preliminary Economic Assessment (PEA) for the Ayawilca project including an update of the mineral resource estimations; the PEA is expected to be completed by March 2024.
Improved metallurgy of the Tin Zone supported by test work, with ongoing work improving the silver recovery of the Silver Zone.
Project moving forward towards decision to undertake a pre-feasibility study.
The Company is fully funded to carry out its current work plans.

Dr. Graham Carman, Tinka’s President and CEO, stated: “To continue the advancement of our flagship Ayawilca project, we believe it is a necessary next step to update the PEA and technical report on the project following the successful recent drilling campaign. An updated PEA will include a processing scenario for both the Ayawilca Zinc Zone and the Tin Zone and incorporate an update to the mineral resources.”

“We are very encouraged by the improvement in the tin recovery and concentrate grades following metallurgical test work on the Tin Zone mineralization. In addition, metallurgical test work of the Silver Zone mineralization is in progress. These final test work results, when available, will provide support for key assumptions on silver recoveries in the PEA.”


Read more at:
https://mailchi.mp/56314d1915ee/tinka-lists-on-otcqb-venture-market-under-ticker-symbol-tkrff-9555656?e=e6d14b37f4