Vancouver-based miner Tinka Resources (TSXV: TK) on Thursday released assay results for two recent holes drilled at its Ayawilca property in central Peru.
Tinka is an exploration and development company with its flagship property being the 100%-owned Ayawilca carbonate replacement deposit (CRD) located in the zinc-lead-silver belt of central Peru, 200 kilometres northeast of Lima.
Drilling is continuing with one rig operating at the South Ayawilca area, with the focus on expanding and upgrading the high-grade ‘Zinc Zone’ mineralization as defined in the Company’s recent Preliminary Economic Assessment (PEA).
Recent drilling has significantly advanced the geological model and understanding of the geometry of the high grade zinc mineralization at the western end of South Ayawilca. The second hole reported here, A19-164, was drilled up-dip from hole A19-163 at a shallower angle (50 degree dip) to test for extensions of the existing zinc mineral resource but did not encounter mineralization. A19-164 is interpreted to have drilled into the roof zone of a hinge of an anticline fold, the core of which hosts very high grade mineralization in multiple lenses or ‘mantos’, including those intercepted in A19-163.
“The ongoing drill program at South Ayawilca is focused on the expansion and upgrading of high-grade resources in the Zinc Zone,” said Dr. Graham Carman, Tinka’s CEO. “The recently completed PEA shows that the project economics is sensitive to zinc grade, so expansions or upgrading of these higher grade zinc resources will have a positive impact on the project economics in future studies.”
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