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Tinka Resources (TSXV:TK) has provided initial results of the magnetic survey recently completed over its 100 percent owned Ayawilca Property in Peru. As quoted in the press release: Results indicate that the Ayawilca Inferred Mineral Resources (18.8 million tonnes grading 8.2% Zinc Eq, and 5.4 million tonnes grading 0.89% Tin Eq; seeNews Release dated May …
Tinka Resources (TSXV:TK) has provided initial results of the magnetic survey recently completed over its 100 percent owned Ayawilca Property in Peru.
As quoted in the press release:
Results indicate that the Ayawilca Inferred Mineral Resources (18.8 million tonnes grading 8.2% Zinc Eq, and 5.4 million tonnes grading 0.89% Tin Eq; seeNews Release dated May 25, 2016) lie at the southwestern end of a 5 kilometre-long NE-SW trending magnetic anomaly. The magnetic anomaly remains largely untested by drilling, in particular where the anomaly underlies a thick section of Pucará Formation limestone at “Zone 3”, and at “South Ayawilca” where the high-grade Zinc resources remain open.
Key highlights:
- Field checking of magnetic anomalies following the recent helicopter-borne survey has led to the discovery of the “Los Pinos porphyry” at the north-eastern end of a 5 kilometre long series of magnetic anomalies that encompass the Ayawilca Zinc and Tin mineral resource areas – Figure 1;
- The 300 metre by 100 metre outcropping Los Pinos porphyry, which hosts quartz-sulphide stockwork veining, is the first intrusive rock discovered at Ayawilca, and may be the source intrusion for the base metal mineralization along trend to the southwest – Figure 2;
- The 2.6 kilometre ‘gap’ between the outcropping intrusive and the Ayawilca Zinc Mineral Resource has not been tested by drilling, including a strong magnetic anomaly coincident with surface zinc gossans hosted by the Pucará limestone at “Zone 3”.
- A further magnetic anomaly occurs immediately south of the high-grade West Ayawilca Inferred Mineral Resource (4.5 million tonnes @ 10.6% Zn Eq; News Release dated May 25, 2016) which also has not been drill tested, due to limitations of the prior drilling permit. The “South Ayawilca” target is included under the new permit application, and will be the first target drilled once permits are granted.
- The helicopter magnetic survey was completed on time and on budget during July, covering Tinka’s full mineral claim package for 1,200 line kilometres of data, using 200 metre-spaced north-south lines, draping the surface topography at an average elevation of 70 metres.