High-Grade Zinc Discovery at Ayawilca
Stock Code:
TSX-V: TK, OTCQB: TKRFF
Company Exposure:
Silver, Zinc
Project Location:
Peru
Tinka’s flagship property is the Ayawilca Zinc-Silver-Tin project located in the Pasco region of the central Peruvian Andes. Since its discovery, the Ayawilca Zinc Zone has grown into one of the largest zinc-silver resources held by a junior company. A preliminary economic assessment, dated 14 October 2021, indicated that Ayawilca has the potential to be a Top-10 global zinc producer based on its estimated 19.0Mt grading 7.2% Zn, 17g/t Ag & 0.2% Pb (indicated) and 47.9Mt @ 5.4% Zn, 20g/t Ag & 0.4% Pb (inferred).
Tinka successfully concluded an 11,000m drill campaign in June 2023, which consisted of zinc resource definition and exploration drilling. The results of the highly successful drill programme, (one of the best ever drill programmes at Ayawilca), will be incorporated into an updated mineral resource estimation in Q3 2023.
Tinka has substantial zinc resources at Ayawilca but also has substantial exploration upside for other metals including copper and gold.
Tinka also owns a large mineral property portfolio in Peru consisting of 460km2 which incorporates several highly prospective targets for copper-gold and/or gold-silver deposits. The Silvia NW copper-gold target has outcroping high-grade copper-gold skarn mineralization and Tinka has filed for the area’s first drill permit.
Investment Highlights
- 100% ownership of the Ayawilca Zinc–Silver Project: 3.0Blbs Zn & 10Moz Ag in indicated resources and 5.0Blbs Zn & 10Moz Ag in inferred resources (August 2021)
- Significant tin resource at Ayawilca (separate from the Zinc Zone) 80,000t Sn in inferred resources (August 2021)
- Huge exploration upside, potential for additional discoveries within 460km2 mining concessions around Ayawilca – Tinka is focusing on acquiring a drill permit for the nearby Silvia copper-gold target which has high-grade Cu-Au mineralization at surface
- Strategic investors, two large local mining companies (Buenaventura and Nexa) have significant stakes in the company
- Successful management team and track record with many years of experience operating in Peru
- Updated mineral resource estimation to come in Q3 2023 for the Ayawilca Zinc and Tin Zones; advancing exploration at Silvia NW (including geophysical surveys and drill permits) – planning first drill programme at Silvia NW for 2024