Tinka Obtains Amendment to Drill Permit at the Colquipucro Silver Project and Stakes Additional Ground at the Ayawilca Zinc Project, Peru
March 19, 2014 (Source: Marketwired) — Tinka Resources Limited (the “Company”), (TSX VENTURE:TK), announces that the Company has received from the General Bureau of Environmental Affairs (“DGAAM“) of the Ministry of Energy and Mines (“MINEM“) of Peru, the Directorial Resolution No. 097-2014-MEM-DGAAM, approving the amendment of the Company’s Environmental Impact Study SD (“EIAsd“) for the drilling program on its Colquipucro silver project.
The Colquipucro silver project is located in the San Pedro de Pillao district, province of Daniel Alcides Carrion, Pasco Department, Peru.
With the approval of the modified EIAsd, for a period of 19 months, the Company is pleased to announce that it is permitted to continue exploration at its Colquipucro silver project. This permit allows the Company to drill from an additional 34 platforms; of these additional drill permits, 19 platforms are located within the area of the silver oxide, and 15 are located within an area of coincidental chargeability and magnetic anomalies to the south. The latter area is believed to be a base metal target similar to the Company’s Ayawilca zinc project located 1.5 km south of the Colquipucro silver project.
The Company also announces that it has acquired by staking a further 400 hectares at the Ayawilca zinc project which are contiguous to the existing claims to the southwest. The area contains soil samples that are anomalous in zinc and are coincident with the large, regional Colquipucro fault system that marks the western boundary of the Colquipucro and Ayawilca projects. A large area just east of this newly-acquired claim is covered by extensive sandstones which could hide further blind mineralization in the underlying Oyon Formation, similar to that found at the Ayawilca zinc project immediately to the north.
The qualified person for the Company’s projects, Mr. John Nebocat (P.Eng.), V.P. of Exploration for the Company, has reviewed and approved the contents of this news release.
About Tinka Resources Limited (TSX VENTURE:TK).
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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-lead-zinc belt of Central Peru.
On behalf of the Board,
Andrew Carter, President & CEO
Forward Looking Statements: This Company news release contains certain “forward-looking” statements and information relating to the Company that are based on the beliefs of the Company’s management as well as assumptions made by and information available to the Company’s management as of the date of this news release. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners including local communities and landholders, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. 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.
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.
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