Tinka Mobilizes Drill Rig to Ayawilca Project, Peru
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/25/13 -- Tinka Resources Limited (the "Company") (TSX VENTURE: TK)(FRANKFURT: TLD)(PINKSHEETS: TKRFF) announces that the Company has mobilized a drill rig to the Ayawilca project for resumption of drilling. With the permit to continue exploration at Ayawilca from a further 74 platforms, the Company plans to undertake a systematic drill program, stepping out with drill platforms to the south, east and north of the currently drilled area over the additional distances of approximately 1,000 metres east-west by 800 metres north-south.
Mr. Andrew Carter, Company President and CEO, said: "We are pleased to be able to resume drilling from the newly approved platforms. The Company will aggressively drill from a selection of these new platforms with the objective of identifying further mineralization within the identified geophysical anomalies."
Two platforms have been constructed so far: one is located on section line 333500E, midway between the large zinc intercept, which included 70 metres of 4.8% zinc (see press release dated January 8, 2013), found in hole A12-08, located to the NW, and hole A13-04, that intercepted wide intervals of zinc as well as silver and copper mineralization, which included 18 metres of 41 g/t silver and 10 metres of 1.07% copper (see press release dated May 22, 2013), located to the NE. This new hole (A13-10) will test for continuity between the large intercepts mentioned above, which are about 200 m apart.
The second hole will be located 100 m east of A13-04 (and A13-01) along section line 333700E. A long, roughly east-west fault structure extends in this direction, and it may be a mineral feeder along the southern edge of the large induced polarization (IP) anomaly (See below map).
The IP and magnetic anomalies intensify further to the east and north within the 1,000 metres by 800 metres area described previously; these targets will be drill tested after the initial southernmost holes are completed.
The qualified person for the Company's projects, Mr. John Nebocat (P.Eng.), V.P. of Exploration for the Company, has reviewed and approved the contents of this news release.
About Tinka Resources Limited (TSX VENTURE: TK)(FRANKFURT: TLD)(PINKSHEETS: TKRFF):
Tinka is a junior resource acquisition and exploration company. Tinka's main focus is on its 100% owned Colquipucro and Ayawilca projects located in the highly mineralized silver-lead-zinc belt of Central Peru.
On behalf of the Board,
Andrew Carter, President & CEO
Forward-Looking Statements: This Company news release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information available to the Company's management as of the date of this news release. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners including local communities and landholders, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.
To view Figure 1, please visit the following link: .
Contacts:
Tinka Resources Limited
Mariana Bermudez
(604) 699 0202
Investor Information Contact:
Michael D'Amico
1.647.500.6023
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Unternehmensinformation / Kurzprofil:
Datum: 25.09.2013 - 12:45 Uhr
Sprache: Deutsch
News-ID 300073
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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