Tinka Resources Limited (“Tinka” or the “Company”) (TSXV & BVL: TK) (OTCPK: TKRFF) is pleased to announce tin assay results for eight drill holes from the South Ayawilca zinc discovery area in central Peru (zinc intercepts from these holes were previously reported earlier in 2017). Tin mineralization at Ayawilca is predominantly in the form of cassiterite (SnO2), disseminated in flat-lying massive to semi-massive pyrrhotite ‘mantos’ which are physically separated from the zinc zones. Tin at South Ayawilca connects and expands the known tin mineralization at Central Ayawilca, which includes drill intercepts of 50.5 metres grading 1.23 % tin & 0.16 % copper in hole A15-040, and 50.0 metres grading 0.52 % tin & 0.25 % copper in A15-039 (News Releases October 13, 2015 & September 29, 2015) (see Figure 1).
As quoted in the press release:
Dr. Graham Carman, Tinka´s President and CEO, stated: “Tinka is focusing on realizing the potential of the extensive high-grade zinc mineralization at Ayawilca. However, we believe the project also offers additional upside for other commodities, especially for tin, which occurs in separate mineralized bodies to the zinc. Tin intercepts reported here from South Ayawilca are believed to connect with the Central Ayawilca tin resource, extending the footprint of the tin mineralization by several hundred metres. Tin is currently trading at ~6 times the price of zinc, and ~3 times the price of copper on the London Metals Exchange, so these tin intercepts are potentially significant to the project. We look forward to updating our zinc and tin resources very shortly, which will include the 2017 South Ayawilca discovery.”