Drill Tracker Weekly: Tinka Drills Long Intervals of Semi-massive Zinc Mineralization

Drill Tracker Weekly highlights drilling results in context with our database of over 10,000 drilling and trenching results. The purpose of this report is to highlight drilling and trenching results that stand out from the pack and compare them to their peer group. This report does not constitute initiation of coverage or a recommendation.

Tinka Resources (TSXV:TK)

Price: $0.305

Market cap: $34.5 million

Cash estimate: $5.8 million

Project: Ayawilca

Country: Peru

Ownership: 100 percent

Resources: Colquipucro silver oxide deposit — 7.1 million tonnes at 118 g/t silver

Project status: Initial resource at Ayawilca and updated resource at Colquipucro by March 2015

• Tinka Resources continues to announce long intervals of semi-massive zinc-silver-indium mineralization on the Ayawilca zone on its 100-percent-owned Colquipucro project. The Ayawilca-Colquipucro project is located within a 150-kilometer-long zinc belt in West-Central Peru that hosts a number of significant zinc deposits, including Antamina, Cerro de Pasco and Colquijirca.

• Highlights from current drilling include 77.1 meters grading 4 percent zinc, including an 8.8-meter interval of 13.5 percent zinc starting at a depth of 270 meters. An additional interval with elevated indium values returned 43.8 meters at 5.4 percent zinc and 76 g/t indium. Indium prices are currently approximately $17 per ounce, or equal to silver.

• The 2011 Ayawilca discovery was a blind gravity geophysical target covered by 150 meters of barren sandstone with minor leakage zones. The semi-massive mineralization occurs as gently dipping replacement zones within a sedimentary breccia, siltstone, shale and limestone horizon. True widths are believed by the company be at least 75 percent of the reported core length.

• Tin and copper mineralization have been intersected in a massive pyrrotite unit at the contact below the formation hosting the zinc horizons, with intervals up to 30.8 meters grading 0.54 percent tin, 0.17 percent copper and 19 g/t silver from a depth of 326 meters. Tin prices are approximately three times the value of copper. Two kilometers to the north, the company continues to explore the Colquipucro silver oxide deposit, which hosts an inferred resource estimate of 7.1 million tonnes grading 118.3 g/t silver using a 30 g/t silver cut off. Preliminary metallurgical work from 2012 returned between 55 and 84 percent silver recoveries after three days of leaching.

Early discovery holes: 4 meters at 6.75 percent zinc, 17 g/t silver (October 2011); 213 meters at 5.3 percent zinc, 15 g/t silver (2013)

Current holes: 77.1 meters at 4 percent zinc; 43.8 meters at 5.38 percent zinc, 13 g/t silver, 76 g/t indium; 46.5 meters at 3.97 percent zinc, 30 g/t silver, 88 g/t indium; 10.5 meters at 0.26 percent tin, 0.17 percent copper, 0.5 percent zinc

Disclosure: I, Wayne Hewgill certify that the information in this report is sourced through public documents that are believed to be reliable, but accuracy and completeness as represented in this report cannot be guaranteed. The author has not received payment from any of the companies covered in this report. At the date of this release the author, Wayne Hewgill, owns no shares in the companies in this report.

This report makes not recommendations to buy sell or hold.

Wayne Hewgill is a geologist with extensive knowledge of the global mining industry gained through 30 years of diversified experience in mineral exploration and new business development in Canada, as well as 10 years living in Africa, New Zealand and Australia. He was previously senior research officer at BHP Billiton, an executive with an exploration company working in Argentina and a mining analyst at three Vancouver-based financial groups where he developed the Drill Tracker database in 2006. He holds a B.Sc. in Geology from the University of British Columbia and is registered as a Professional Geoscientist (P.Geo) with APEGBC.