Tinka Announces Start of Drilling at Colquipucro, Peru
September 11, 2014 (Source: Marketwired) — Tinka Resources Limited (“Tinka” or the “Company“) (TSX VENTURE:TK) announces that diamond drilling has now started at the Company’s 100%-owned Colquipucro silver project in Peru. The drill program is planned to initially drill test the north-western extension of the existing silver oxide resource. Infill drilling will also be carried out, to improve the confidence in the resource model where gaps exist in the data. A 10-hole drill program is planned at Colquipucro for approximately 1,500 metres and will take an estimated 3 months to complete.
Check assays are currently being carried out on drill samples from holes drilled at Colquipucro during 2007. The 2007 drill samples were assayed for silver using slightly different techniques to later drill programs. This will ensure analytical techniques are uniform across the whole deposit.
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Colquipucro is located just 1.5 km from the Company’s 100%-owned Ayawilca project, where Tinka is currently drill testing for zinc and other base metal mineralization in a 19-hole, 8,500 metre program.
The qualified person, Dr Graham Carman, Tinka’s President and CEO, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the technical contents of this release.
About Tinka Resources Limited
Tinka is a junior resource acquisition and exploration company. Tinka’s focus is on its 100% owned Colquipucro and Ayawilca projects located in the highly mineralized silver-zinc-lead belt of central Peru.
|On behalf of the Board,|
|Dr. Graham Carman, President & CEO|
Forward Looking Statements. Certain information in this news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws (collectively “forward-looking statements“). All statements, other than statements of historical fact are forward-looking statements. Forward-looking statements are based on the beliefs and expectations of Tinka as well as assumptions made by and information currently available to Tinka’s management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, capital and other costs varying significantly from estimates, production rates varying from estimates, changes in world metal markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates or metal recoveries, success of future development initiatives, competition, operating performance, environmental and safety risks, delays in obtaining or failure to obtain necessary permits and approvals from local authorities, community relations, and other development and operating risks. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Although Tinka believes that assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, Tinka disclaims any intent or obligation to update any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>