The latest set of drill results recently released by Tinka Resources seems to further solidify Ayawilca's reputation as a Tier I zinc asset in the making. Not only confirmed hole A17-063 the thick South Ayawilca mineralization with one of the best intersections of zinc mineralization at Ayawilca to date, a world class 47.7 metres grading 11.3% zinc. Just as important was hole A17-066, which extended the strike of the South Ayawilca in eastern direction, and delivered first proof of the idea that South Ayawilca and Central Ayawilca might be connected. The hole reported 3.5 metres at 7.4 % zinc and another 5.0 metres at 11.3 % zinc at a slightly greater depth. I have colored these holes in red:
Ayawilca project; drilling location
The extended version of this article will be published soon on www.criticalinvestor.eu
When a zinc junior manages to hit 63.9m @ 5.6% Zn and 51.9m@ 10.1% Zn in the very first step out drill hole of a new exploration program, you know they could be on to something very special. Until then, the markets were largely unaware of Tinka Resources and its Ayawilca zinc project in Peru, but this changed very quickly after this, and other intercepts. They were even one of the hottest exploration stories at this year's PDAC.
After doing my due diligence, talking to management, comparing the company with peers, and calculating different scenarios, it appears to me that Tinka could become one of the best zinc juniors around, and the strong drill results so far seem to be underlining my opinion.