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Tinka Resources Ltd. is a junior exploration company based in Vancouver, Canada, that is developing its 100%-owned Ayawilca Zinc Property in the richly mineralized silver-lead-zinc belt of Central Peru. The focus of the company is aimed at expanding and further defining the existing Zinc Zone mineral resource through an aggressive drilling campaign.
The flagship Ayawilca Property is located 200 km northeast of Lima in the Department of Pasco, at altitudes of between 3,800 and 4,300 metres in the central Peruvian Andes. The Property is 40 km northwest of the Cerro de Pasco zinc-lead-silver mine, and 100 km south of the giant copper-zinc Antamina mine. Tinka also owns the Colquipucro silver asset.
Ayawilca has a 43-101 resource (November 2017) of 42.7Mt @ 7.3% ZnEq containing 5.6B lbs pounds Zn (Inferred), and 10.5Mt @ 0.70% SnEq (Inferred), and consists of several mineralized and exploration target zones. Mineralization is open in different directions.
Colquipucro has a 43-101 resource (February 26 2015) of 7.4 Mt at 60 g/t silver for 14.3 Moz silver (Indicated) and 8.5 Mt at 48 g/t silver for 13.2 Moz silver (Inferred) in a preliminary open pit shell with a low strip ratio. Colquipucro is located 2 km north of the Ayawilca Zinc zone, with mineralization occurring from surface to a depth of 80 metres. Silver mineralization is oxidized, and remains open to the northeast.
Management believes it can significantly expand the zinc resource at Ayawilca, which combined with solid metallurgical test work, probably indicates a very economic underground mining project according to my back of the envelope estimates.
Depending on exploration results at Ayawilca in 2018, Tinka will decide when it will complete a PEA. The goal is to prove up as much zinc as possible.
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