Tinka Resources Discovers Tin-Copper Mineralization at Ayawilca Project

Tinka Resources (TSXV:TK,OTCPK:TKRFF) has discovered tin-copper mineralization at its wholly owned Ayawilca project in Peru. This mineralization lies beneath high grade zinc mineralization at the project, which is the focus of Tinka’s current drill program.

As quoted in the press release:

The tin mineralization was discovered in the Central Ayawilca area following the re-assaying of nine 2012-2013 drill holes, and one recent 2014 drill hole. The tin – copper mineralization lies beneath the zinc sulphide mineralization, which is the focus of the current drill program. Tin (copper) mineralization at Central Ayawilca extends over an area at least 500 metres across, open in all directions, and is cassiterite, the most common ore mineral of tin.

Tinka president and CEO, Dr. Graham Carman, said:

The tin and copper mineralization discovered at Ayawilca is an exciting new development for the project. Tin is currently valued at US$19,775 per tonne (official price on the LME November 20, 2014) which is close to nine times the current value of zinc, and three times copper. The potential value of a major tin – copper discovery could therefore be substantial. We interpret that the zinc mineralization, which occurs with abundant iron minerals, lies on the periphery of a tin – copper porphyry system which is only now being discovered. Zinc exploration remains the Company’s focus. However, it is important for the Company to properly assess the tin – copper potential of Ayawilca in upcoming drill programs, so that the potential value can be unlocked.

Click here to read the Tinka Resources (TSXV:TK,OTCPK:TKRFF) press release