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Friday, November 03, 2017 Derek Macpherson

Tinka Reports Tin Results; Resource Update on the Horizon


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Tinka Resources Ltd. (TSXV:TK) reported assay results from eight drill holes on its South Ayawilca zinc discovery in Peru. The company announced tin intercepts of 1.6% tin over 13 meters in the tin mineralization on the property, which is physically separated from the zin zones. The tin mineralization on the property is predominantly in the form of SnO2, disseminated in flat-lying massive to semi-massive pyrrhotite mantos. The tin intersections at South Ayawilca allow the connection and expansion of the previously identified tin mineralization at Central Ayawilca (Figure 1), which has included intercepts such as 50.5m of 1.23% tin. In addition to the reported tin assays, Tinka released assays of four new zinc drill holes, which included 8m of 14.8% Zn at a depth of 52m. These reported assays in addition to those released earlier in the drill program will be included in the zinc and tin resource updates expected this month. Two drill rigs are continuing to test new targets through step-out drilling at South Ayawilca and will continue until December. We believe as Tinka continues to demonstrate exploration upside at Ayawilca and it should support and may expand the current premium it trades at relative to peers (C$0.042/lbs vs. C$0.015/lbs ZnEq).




Derek Macpherson | VP Mining Analysis
Victoria Ellis Hayes | Associate
Alex Pitcher | Associate
 
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Tinka Resources Ltd. - TSXV:TK - 1, 4

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