Tinka Resources uncovers Prada zone at Luminaria
2005-03-01 16:45 ET - News Release
Mr. Andrew Carter reports
EXPLORATION IDENTIFIES NEW MINERALIZED ZONE AT LUMINARIA, PERU
Tinka Resources Ltd.'s sampling from its 4,300-hectare Luminaria project, located in the Huaraz mining district, department of Ancash, Peru, has identified a new mineralized zone.
The new Prada zone lies to the west of, and adjacent to, line 12 on the soil sampling grid of the previously reported Rurimarac zone. The Prada zone is underlain by sandstone which has been strongly altered and veined with iron oxides and localized quartz veins containing arsenopyrite and pyrite. Three two-metre-wide channel samples were taken across a shear zone containing a sulphide-rich vein and are located about 20 metres apart. The three samples assayed: 6.6 grams per tonne Au and 26 g/t Ag; 26.9 g/t Au and 89 g/t Ag; 28.2 g/t Au and 426 g/t Ag.
The company's qualified person, John Nebocat, PEng, has recently visited the property and conducted reconnaissance exploration in the core area of the claims. Mr. Nebocat has made recommendations to management to perform further detailed and regional mapping and sampling programs with emphasis being placed on exploring the sandstones of the Chimu formation which underly much of the property. The sandstone horizon is much thicker at the Prada zone than at Rurimarac Hill and may have greater potential to host a bulk-minable deposit. Mr. Nebocat has found two other target areas on the claims which have some similar characteristics to the mineralized zones described previously. These areas will be explored in detail after a channel sampling program has been completed on the Prada zone.
The target sought is a sandstone-hosted gold deposit like the Santa Rosa mine, located in the Huamachuco area, Libertad region of northern Peru, and the Virgen and La Arena deposits which occur in the Chimu formation north of Luminaria.
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