Tinka Resources Limited (TSXV: TK) has announced results from the first seven holes of its 2015 drill program at the Ayawilca project in central Peru. Whilst zinc remains the focus of the project, the new drill results demonstrate the potential of tin and copper to improve the project’s economics.
All the boreholes being drilled as part of the current program are step-out holes intended to extend known zinc mineralisation beyond the boundaries of the existing Inferred Mineral Resource. The tin-copper related highlights of the current drilling include 50 metres at 0.52% tin & 0.25% copper and 8 metres at 1.43% tin & 0.19% copper at a 0.2% cut-off.
Dr. Graham Carman, Tinka’s President and CEO, stated: “We have just drilled our thickest and highest-grade tin – copper intercept at the project located immediately adjacent to and beneath the zinc mineralization at Central and East Ayawilca. We believe the tin mineralisation will add substantially to the value of the project. Tinka is working towards its initial tin-copper resource estimate in 2016.”
13 further diamond drill-holes will be completed by early-mid November 2015, when the company will pause to analyse the results and decide on its work program for 2016. Whilst exploration is still at an early stage, Tinka envisages an underground mine operation accessed via horizontal adits should the project prove economic.
