Tinka Resources Limited (TXSV:TK) has intersected high grade tin at its 100% owned Ayawilca project in central Peru, including 2.0m at 4.8% Sn.
The Ayawilca project is primarily focused on zinc sulphide mineralisation, beneath which the discovery of high grade tin was intersected. Nine cores from drilling in 2012 and 2013 were re-assayed revealing significant tin and copper at more than 150m depth. Tin-copper mineralisation was also discovered in a 2014 drill hole, part of an exploration program focussed on zinc. The tin is present in coarse grained cassiterite with potential for a high recovery rate using gravity separation. The tin-copper mineralisation extends 500m laterally and is open in all directions, providing further exploration opportunities.
Dr. Graham Carman, Tinka’s President and CEO, stated: “The tin and copper mineralisation discovered at Ayawilca is an exciting new development for the project…Zinc exploration remains the Company’s focus. However, it is important for the Company to properly assess the tin – copper potential of Ayawilca in upcoming drill programs.“
Metallurgical testing of the tin will be undertaken to determine its gravitation and flotation separation potential. The zinc exploration drilling program at Ayawilca is continuing with five holes awaiting assays, and a further seven holes expected to be completed by the end of 2014.
