Tinka Resources Limited is an exploration company focused on resource expansion at its 100%-owned Ayawilca project, which covers an area of 150 square kilometres, in central Peru. To date, Tinka has defined three separate mineral deposit on the Ayawilca property, the most significant of which is a carbonate replacement zinc zone with an Inferred mineral resource estimate of 18.8Mt grading 8.2% Zinc Equivalent (5.9% Zn, 74 g/t In, 0.2% Pb, and 15 g/t Ag) that contains an estimated 2.45 billion pounds of zinc. There is also a tin zone in proximity to the zinc mineralization that contains an Inferred mineral resource estimate of 5.4Mt grading 0.89% Tin Equivalent (0.76% Sn, 0.31% Cu, and 18 g/t Ag). Ayawilca also hosts a silver oxide deposit, named Colquipucro, that outcrops at surface with higher grade lenses estimated to contain 10.4Moz Ag Indicated (2.9Mt at 112 g/t) and 7.5Moz Ag Inferred (2.2Mt grading 105 g/t).
Starting in early 2017, Tinka intends to complete a 10,000 to 15,000 metre drill program at Ayawilca to test extensions of known zinc mineralization and numerous new soil and geophysics targets that have never been tested. The drill program is fully funded thanks to an $11M equity financing completed in November 2016 that was led by JP Morgan Asset Management (UK) and with participation by existing shareholders Sentient Group and IFC.
Tinka Resources trades in Canada on the TSX Venture Exchange under the symbol TK and in the USA on the Pinksheets under the symbol TKRFF. The Company has a highly experienced, highly technical management team and board with past success in Peru. Ayawilca already represents the most significant zinc discovery in Peru in the past twenty years, with further resource expansion potential from multiple anomalies that have never been drill tested.