Tinka Resources (TSXV & BVL: TK | OTCQB: TKRFF) has commenced its 2022 resource expansion drill programme at its wholly owned Ayawilca project in Central Peru.
The company states that the key objective of the up-to-10,000m drill programme is to expand the Zinc Zone Measured and Indicated resources at South and West Ayawilca, with additional drilling to explore high-grade Inferred resources at Central Ayawilca.
The overall drill programme is expected to consist of 25 to 30 drill holes over a period of approximately six months.
Metallurgical test work of the Ayawilca Tin Zone is also underway with a focus on separation of the iron sulphides and minimising tin loss prior to tin concentration through gravity separation. Results are expected to be announced by August 2022.
Highlights of the Ayawilca project include:
- High-grade Zinc Zone resources: Indicated Mineral resource estimated at 19.0M tonnes grading 7.2% zinc, and Inferred resources estimated at 47.9M tonnes grading 5.4% zinc. Mineralization remains open in several directions, including to the south and northeast
- Robust Zinc Zone 2021 PEA: Preliminary Economic Assessment (PEA) showed that Ayawilca has the potential to become a Top-10 global zinc mine with additional silver credits, strong economics and a modest initial capex
- Tin Zone upside: While not incorporated into the 2021 PEA the Tin Zone has the potential to add significant value to the project, with current Inferred resources estimated at 8.4M tonnes grading 1.0% tin with potential for expansion, open in all directions including at depth
- Exploration upside: Tinka has identified multiple exploration targets on its 160 km2 Ayawilca land package, and has filed a permit extension at Ayawilca to drill high priority targets near to existing resources including the Ayawilca Far South target
For further information please visit: https://www.tinkaresources.com/