VANCOUVER, March 13, 2012 /CNW/ - Tinka Resources Limited (the "Company"), (TSXV - TK; Frankfurt - TLD;
Pinksheets -TKRFF), announces the results from a further drill hole testing the northern
extension of Zone 1 on the Companys wholly-owned Colquipucro
silver-zinc-lead property, west-central Peru.
The hole was drilled on
the westernmost line of the known resource.
Mr Carter said: "We are extremely pleased with these results as it is
the first hole on the westernmost line of the northern extension and
substantially increases the area of mineralization to the north of the
resource.
Drilling is continuing at Zone 1 testing the northern
extension."
The hole intercepted oxidized, banded, "zebra-stripe" sandstone and
progressed into the underlying sedimentary breccia, greywacke,
siltstone and fluidized sulphide unit.
The hole intercepted the high
grade veins/faults/gossan zones within the sandstone roughly
perpendicular to the dip of the hole, while the intervening
fracture-controlled mineralization in the sandstone was intercepted at
about 45 degrees to the inclination of the drill hole, on average.
The
orientation of the mineralization within the underlying sedimentary
breccia is not clear, however, narrow zones of intense oxidation
suggest that the mineralized structures in the overlying sandstone may
penetrate the underlying unit.
Significant mineralized intervals, using a 15 g/t Ag cut-off, are shown below:
Hole # |
Easting (m) |
Northing (m) |
Elevation (m) |
Azimuth (deg) |
Dip (deg) |
From (m) |
To (m) |
Interval (m) | Ag (g/t) |
CDD21 | 332593 | 8847975 | 4369 | 180 | -60 | 14 | 108 | 94* | 92.4 |
including | 42 | 52 | 10 | 299.4 | |||||
114 | 116 | 2 | 108 | ||||||
122 | 124 | 2 | 77 |
* includes a 1.3 m interval with no recovery for which a zero (0) value is assigned.
All diamond drilling has been performed using HQ and NQ diameter drill
rods.
All core has been logged and split on site under the supervision
of Tinka geologists with sampling done on two metre intervals.
All the
samples have been transported by Company staff to SGS Laboratories in
Lima, Peru for ICP analyses using multi-acid digestion.
Analytical
standards and blanks were routinely introduced in the sample suites
sent to the laboratory, and samples that exceeded their respective
threshold levels for Ag, Zn and Pb were re-assayed by specific atomic
absorption techniques.
The Companys Qualified Person, John Nebocat (P.Eng.) has reviewed and approved the contents of this news release.
On behalf of the Board,
"Andrew Carter"
Andrew Carter, President & CEO
Forward Looking Statements This Company Press Release contains certain "forward-looking"
statements and information relating to the Company that are based on
the beliefs of the Companys management as well as assumptions made by
and information currently available to the Companys management. Such
statements reflect the current risks, uncertainties and assumptions
related to certain factors including, without limitations, competitive
factors, general economic conditions, customer relations, relationships
with vendors and strategic partners, the interest rate environment,
governmental regulation and supervision, seasonality, technological
change, changes in industry practices, and one-time events. Should any
one or more of these risks or uncertainties materialize, or should any
underlying assumptions prove incorrect, actual results may vary
materially from those described herein.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.