Tinka surges on zinc discovery in Peru

VANCOUVER — Explorer Tinka Resources (TSXV: TK) has made a high grade discovery at its Ayawilca zinc-silver property, 300 km east of Lima, Peru, in what it calls the “best adjacent mineralized holes ever drilled” at the project. Tinka has been working on Ayawilca since 2004 mainly for its silver prospectivity. The company spent much of 2016 awaiting three-year drill permits after having expanded the project boundaries. Ayawilca appears to have been worth the wait. On April 4, Tinka reported that hole 17-56 cut 52 metres grading 10.1% zinc, 62 g/t silver and 233 g/t indium from 242 metres deep. The intercept features a higher grade section running 20.6% zinc, 152 g/t silver and 441 g/t indium over 14.9 metres. “We added to our property package last year after the geophysics because we saw the opportunity to expand our targets based on magnetics,” Tinka Resources president and CEO Graham Carman says by phone from Toronto. “Much of last year was a question of engaging in the regulatory process for this drill program, since we’re looking at areas we hadn’t touched previously.” “We stepped out from our existing resource into a brand-new area. The targeting was based on geophysics we completed last year, and we’ve intersected thick, high-grade zones of zinc,” Carman says. Continue reading at The Northern Miner.