Four resource step-out holes were drilled at South, Central and West Ayawilca in Peru.
Tinka Resources (TSXV:TK) has released an update of exploration results at the Ayawilca project in central Peru, including results for ten recent drill holes.
As highlighted in the press release:
- Four resource step-out holes were drilled at South, Central and West Ayawilca. Hole A18-152 is a 60 metre step-out from known mineralization at South Ayawilca. Hole A18-158 is a 100 metre step-out from known mineralization at Central Ayawilca. A18-125 is a new intersection at zone 3. Highlights include:
A18-152: 1.2 metres at 13.8 percent zinc, 0.8 percent lead, 817 grams per tonne (g/t) silver and 64 g/t indium from 156.3 metres depth. A18-158:1.5 metres at 9.6 percent zinc, 1.2 percent lead and 32 g/t indium from 458.4 metres depth. A18-125: 1.4 metres at 22.7 percent zinc and 99 g/t indium from 531.4 metres depth.
- Three holes were drilled to test outcropping silver-lead-zinc carbonate veins at the “Vetas” area, a target drilled for the first time in 2018. High-grade silver intercepts occur with visible ‘ruby silver’ minerals and associated base metal sulphides in multiple vein structures. The grade – thickness of intercepts improve with depth due to a more favourable host rock (sandstone). The epithermal silver-lead-zinc carbonate vein system remains open and untested along strike and at depth. Highlights include: Hole A18-131: 2.5 metres (true width) at 665 g/t silver, 1.4 percent zinc and 1.9 percent lead from 264.0 m depth, including 1.5 metres (true width) at 925 g/t silver, 1.5 percent zinc and 2.8 percent lead from 266.0 m depth.
- Tinka has drilled 20,200 metres at Ayawilca in 56 holes during the 2018 drill campaign, mostly as resource step-out holes. New zinc discoveries at West Ayawilca and the Camp areas, in particular, have significantly extended the mineralization beyond the existing resources. The 2018 drill campaign has now ended, as planned, allowing our technical team to compile all geological data and finalize interpretations.
- Roscoe Postle Associates Inc (RPA) of Toronto has been appointed as independent consultant to undertake a mineral resource update, which is expected to be finalized by November 2018.
- A preliminary economic assessment is scheduled for the first half of 2019.