Tinka Commences 2019 Drill Program at Ayawilca
TINKA RESOURCES LIMITED
#1305 – 1090 WEST GEORGIA STREET
VANCOUVER, B.C. V6E 3V7
Tel: (604) 685 9316 Fax (604) 683 1585
Website: www.tinkaresources.com
TSXV & BVL: TK OTCPK: TKRFF
NEWS RELEASE April 23, 2019
TINKA COMMENCES 2019 DRILL PROGRAM AT AYAWILCA
Vancouver, Canada – Tinka Resources Limited ( “Tinka” or the “ Company”) ( TSXV & BVL: TK )
(OTCPK: TKRFF ) is pleased to announce that the 2019 exploration drill progra m has commenced at its
100%-owned Ayawilca zinc project in central Peru.
An exploration drill program of up to 10,000 metres has commenc ed with one drill rig operating. It is
anticipated a second rig will be mobilized to site within the n ext few weeks. Several deep holes are planned
at West and South Ayawilca to test for structural repetitions o f high-grade zinc mineralization in limestones
beneath existing zinc resources, which will also double as infi ll holes. Additional holes will be drilled along
strike of existing resources to test for extensions of the mineralization where the resource still remains open.
The Company’s Preliminary Economic Assessment for the Ayawilca zinc project (the “Ayawilca Project
PEA”) is progressing well and remains on track to be completed by the end of Q2 2019. The Ayawilca Project
PEA is based on the mineral resource estimate as at November 26 , 2018 (see news release dated Nov. 26,
2018).
Dr. Graham Carman, Tinka’s President and CEO, stated: “The Company is excited to commence its 2019 drill
program. This new program will build on the 2018 drill program which confirmed the presence of high-grade
zinc mineralization hosted by a deeper limestone unit lying underneath the current resource. Our geologists
have generated detailed 3D models of the deposit and we believe there is excellent potential for additional
discoveries of high-grade zinc mineralization. Ayawilca is already one of the largest undeveloped zinc projects
in the Americas, but additional discoveries nearby our current resources could ultimately add significant value
to the project. We look forward to updating the market with these drill results in the coming months, as well
as announcing the results of the PEA before the end of Q2 2019.”
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.
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 bel t 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). A PEA is underway with results anticipated by end of Q2 2019.
On behalf of the Board,
“Graham Carman”
Dr. Graham Carman, President & CEO
Investor Information:
www.tinkaresources.com
Rob Bruggeman 1.416.884.3556
Company Contact:
Mariana Bermudez 1.604.699.0202
Forward Looking Statements: Certain information in this news release contains forward-look ing 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. F orward-looking statements are based on the beliefs and expectat ions of
Tinka as well as assumptions made by and information currently available to Tinka's management. Such statements reflect the current
2
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 equi ty markets, uncertainties relatin g to the availability and cost s of
financing needed in the future, equipment failure, unexpected g eological conditions, imprecision in resource estimates or meta l
recoveries, success of future development initiatives, competit ion, operating performance, environmental and safety risks, del ays in
obtaining or failure to obtain n ecessary permits and approvals from local authorities, community agreements and relations, and other
development and operating risks. Should any one or more of thes e 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, forw ard-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