VANCOUVER, Aug. 15, 2019 /CNW/ - Tinka Resources
Limited ("Tinka" or the "Company") (TSXV &
BVL: TK) (OTCPK: TKRFF) announces that it has filed a
National Instrument 43-101 Technical Report (the "Technical
Report") for the Preliminary Economic Assessment ("PEA")
on the Ayawilca Property, Peru, in
support of the Company's news release dated July 2, 2019 (the "News
Release"). There are no material differences in the
NI 43-101 Technical Report from the information disclosed in the
News Release.
The Technical Report was prepared by Amec Foster Wheeler Peru
S.A. (Wood) as principal consultant, Transmin Metallurgical
Consultants, and Roscoe Postle Associates Inc. (RPA), and is titled
"Ayawilca Polymetallic Project, Department of Pasco, Central Peru – NI 43-101 Technical
Report". The Technical Report may be found under the
Company's profile on www.sedar.com and at the Company's website at
www.tinkaresources.com.
The Company held an investor webcast on Wednesday, July 31, 2019. Dr. Graham Carman presented a summary of the results
of the Company's PEA and discussed the next steps of the ongoing
Ayawilca exploration program. Tinka's shareholders and interested
parties may listen to the July 31
webcast by using the following link:
https://event.on24.com/wcc/r/2059247/4A04B90B7E1E103C32370F058F1FD77F
About Tinka Resources Limited
Tinka is
an exploration and development company with its flagship property
being the 100%-owned Ayawilca carbonate replacement deposit (CRD)
in the zinc-lead-silver belt of central Peru, 200 kilometres northeast of Lima. The Ayawilca Zinc Zone contains 11.7 Mt
of Indicated Resources grading 6.9% zinc, 0.2% lead, 15 g/t silver
and 84 g/t indium, and 45.0 Mt Inferred Resources grading 5.6%
zinc, 0.2% lead, 17 g/t silver and 67 g/t indium. The
Ayawilca Tin Zone contains an Inferred Mineral Resource of 14.5 Mt
at 0.63% tin, 0.21% copper & 18 g/t silver (November 26, 2018 release). The Colquipucro
silver oxide deposit contains 2.9 Mt of Indicated Resources grading
112 g/t silver (for 10.4 Moz Ag) and
2.2 Mt Inferred Resources grading 105 g/t silver (for 7.5
Moz Ag) in high grade lenses within
a preliminary open pit shell using a $46/t NSR cut off (November 26, 2018 release). A Preliminary
Economic Assessment for the Ayawilca Zinc Zone was released on
July 2, 2019 (see release).
The Qualified Person, Dr. Graham
Carman, Tinka's President and CEO, and a Fellow of the
Australasian Institute of Mining and Metallurgy, has reviewed and
verified the technical contents of this release.
On behalf of the Board,
"Graham Carman"
Dr. Graham Carman, President &
CEO
Forward Looking Statements: Certain information in
this news release contains forward-looking statements and
forward-looking information within the meaning of applicable
securities laws (collectively "forward-looking
statements"). All statements, other than statements of
historical fact are forward-looking statements. Forward-looking
statements are based on the beliefs and expectations of Tinka as
well as assumptions made by and information currently available to
Tinka's management. Such statements reflect the current
risks, uncertainties and assumptions related to certain factors
including, without limitations, drilling results, the Company's
expectations regarding the Ayawilca Project PEA, capital and
other costs varying significantly from estimates, production rates
varying from estimates, changes in world metal markets, changes in
equity markets, uncertainties relating to the availability and
costs of financing needed in the future, equipment failure,
unexpected geological conditions, imprecision in resource estimates
or metal recoveries, success of future development initiatives,
competition, operating performance, environmental and safety risks,
delays in obtaining or failure to obtain necessary permits and
approvals from local authorities, community agreements and
relations, and other development and operating risks. 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. Although Tinka
believes that assumptions inherent in the forward-looking
statements are reasonable, forward-looking statements are not
guarantees of future performance and accordingly undue reliance
should not be put on such statements due to the inherent
uncertainty therein. Except as may be required by applicable
securities laws, Tinka disclaims any intent or obligation to update
any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release
View original content to download
multimedia:http://www.prnewswire.com/news-releases/tinka-announces-filing-of-ni-43-101-technical-report-for-the-pea-on-the-ayawilca-property-peru-300902610.html
SOURCE Tinka Resources Limited
