RCKS talk

Wednesday, November 08, 2017 Derek Macpherson

Tinka Increases Zinc Resources by 130%


Download Report

Tinka Resources Ltd. (TSXV:TK) has announced a Mineral Resource update on its 100% owned Ayawilca zinc-indium-silver-lead sulphide deposit in Peru, which includes ~15,000m of drilling completed so far in 2017. The company updated both the zinc and tin inferred resources on the property, which are now estimated to be 42.7Mt of 7.3% ZnEq and 10.5Mt of 0.70% SnEq, respectively (Figure 1 and Figure 2). This resource update reflects an increase of 130% in contained zinc and an increase of 60% in contained tin compared to the last resource update in May 2016.


South Ayawilca discovery expands resource base. The company announced in March 2017 the discovery of additional high-grade zinc in the southern area of its Ayawilca property in Peru. Drilling continued to intersect high grade zinc at South Ayawilca throughout its 2017 drilling program, which totalled ~15,000m of drilling. The zinc zone is made up of ‘mantos’ in the Central and East Ayawilca zones and as massive replacement bodies within structural zones at West and South Ayawilca (Figure 3). The company also targeted its tin mineralization with drill results released last week, which were also included in this tin resource update. The Ayawilca database currently includes 44,846m in 122 drill holes.



Tinka continuing aggressive drilling at Ayawilca. The company is continuing to test new targets with step-out drilling outside the current resource areas in order to discover new mineralized zones on the property or extend the zones of known mineralization. One rig is currently drilling at zone 3, while another is testing extensions of the West Ayawilca mineralization. The current inferred resource remains open in several directions, which highlights the potential of further expansion of the current resource (Figure 3).


Valuation continues to reflect exploration potential. The company’s drill permits granted in February 2017 allow for 3 years of drilling, which, given the current potential for further resource expansion and the aggressive drilling underway, presents the company with significant exploration upside and supports the current premium it trades at relative to peers (C$0.022/lbs vs. C$0.012/lbs ZnEq).


Derek Macpherson | VP Mining Analysis
Victoria Ellis Hayes | Associate
Alex Pitcher | Associate
 
Red Cloud Klondike Strike Inc.
105 King Street East, 2nd Floor
Toronto ON, M5C 1G6
RCKSTalk@RedCloudKS.com

Priced as of prior trading day's market close, EDT (unless otherwise noted).
All values in USD unless otherwise noted.

Disclaimer
Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and the Yukon. Part of Red Cloud Klondike Strike Inc.'s business is to connect mining companies with suitable investors that qualify under available regulatory exemptions (the "Red Cloud KS Business"). Red Cloud Klondike Strike Inc., its affiliates and associates, and their respective officers, directors, representatives, researchers and members of their families (collectively, "Red Cloud KS") may hold positions in the companies mentioned in this publication and may buy or sell, or buy and sell their securities or securities of the same class on the market or otherwise. Additionally, Red Cloud KS may have provided in the past, and may provide in the future, certain advisory or corporate finance services and receive financial and other incentives from issuers as consideration for the provision of such services.
Red Cloud KS has prepared this publication for general information purposes only, NOT as part of the Red Cloud KS Business. This publication should not be considered a solicitation to purchase or sell securities or a recommendation to buy or sell securities. The information provided by Red Cloud KS for the purposes of this publication has been derived from sources believed to be accurate, but cannot be guaranteed. Opinions or analysis contained in this publication may be subject to change and Red Cloud KS does not undertake to advise the reader of such changes. This publication does NOT take into account the particular investment objectives, financial situations, or needs of individual recipients and other issues (e.g. prohibitions to investments due to law, jurisdiction issues, etc.) which may exist for certain persons. Recipients should rely on their own investigations and take their own professional advice before investment. Red Cloud KS will not treat recipients of this publication as customers or clients by virtue of having viewed this report.

Company Specific Disclosure Details
Tinka Resources Ltd. - TSXV:TK - 1, 4

1) A member of Red Cloud KS team has visited/viewed material operations of the issuer.
2) In the last 12 months, Red Cloud KS has been retained under a service or advisory agreement by the subject issuer.
3) In the last 12 months, Red Cloud KS has received compensation for investment banking services.
4) Red Cloud KS or a member of the Red Cloud KS team or household, has a long position in the shares and/or the options of the subject issuer.
5) Red Cloud KS or a member of the Red Cloud KS team or household, has a short position in the shares and/or the options of the subject issuer.
6) Red Cloud KS or a member of the Red Cloud KS team own more than 1% of any class of common equity of the subject issuer.
7) A member of Red Cloud KS team or a member’s household serves as a Director or Officer or Advisory Board Member of the subject issuer.

 

SUBSCRIBE TO HEAR FROM US

Gain access to exclusive mining industry research reports as well as additional mining industry information, promotional materials, press releases and news.

RCKS Talk Daily Analysis
RCKS News
LATEST POST
CATEGORIES
RELATED TAGS
ARCHIVES

 

RISK WARNING:

Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.

 

By accessing this website you agree to be bound by our Terms of Use and Privacy Policy.

 

Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.

© Copyright 2017 Red Cloud Klondike Strike Inc. All rights reserved.