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Tinka finalizes access agreements for Ayawilca 2016-2017 drill targets
Tinka Resources (TSX.V:TK) has signed a four-year access agreement with the third and final community owning surface rights at the Company’s 100 percent owned Ayawilca Property in central Peru. An Inferred Mineral Resource of the property includes 18.8 million tonnes at 8.2 percent zinc equivalent. According to the press release: The San Pedro de Pillao …
Tinka Resources (TSX.V:TK) has signed a four-year access agreement with the third and final community owning surface rights at the Company’s 100 percent owned Ayawilca Property in central Peru. An Inferred Mineral Resource of the property includes 18.8 million tonnes at 8.2 percent zinc equivalent.
According to the press release:
The San Pedro de Pillao community owns the surface rights immediately north and east of the Inferred Mineral Resource. Earlier this month, Tinka announced completed agreements with two other communities covering the remaining surface rights (see news release of September 6, 2016).
Dr. Graham Carman, Tinka´s President and CEO, stated: “This third and last community agreement means that Tinka can access all of its highest priority targets for the next drill campaign, which is expected to commence in a few weeks. We wish to thank the community of San Pedro de Pillao for its continued partnership with Tinka, a relationship which has been ongoing for a number of years. Now, for the first time, Tinka has access to multiple highly prospective areas that have not been previously drill tested, including zinc-bearing gossans at Zone 3 and Chaucha.”
Dr. Carman continued, “San Pedro de Pillao is also where our Colquipucro silver oxide resource area is located, and where recent work has identified significant zinc-lead-silver exploration potential close to the silver resource. Our geologists believe the base metal targets may belong to different portions of the same mineralizing system and ultimately be connected to the Colquipucro deposit, where the Indicated Mineral Resource estimate totals 14.3 million ounces of silver with an additional Inferred Mineral Resource estimate of 13.2 million ounces of silver, at a shallow depth of less than 80 metres from the surface.”
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