Tinka Confirms Continuity of High Grade Zinc at South Ayawilca 29.3 Metres Grading 10.4 % Zinc Including 12 Metres at 19% Zinc IN Hole A17-069; and 39.3 Metres Grading 7.1 % Zinc Including 8 Metres Grading 20.9 % Zinc IN A17-070
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: TK OTCPK: TKRFF
NEWS RELEASE June 28, 2017
TINKA CONFIRMS CONTINUITY OF HIGH GRADE ZINC AT SOUTH AYAWILCA
29.3 METRES GRADING 10.4 % ZINC INCLUDING 12 METRES AT 19% ZINC IN HOLE A17-069; AND 39.3 METRES
GRADING 7.1 % ZINC INCLUDING 8 METRES GRADING 20.9 % ZINC IN A17-070
Vancouver, Canada – Tinka Resources Limited (“Tinka” or the “ Company”) (TSXV: TK) (OTCPK:
TKRFF) is pleased to announce assay results of five recent drill hol es from its 100% owned Ayawilca zinc
project in central Peru. All five holes are from South Ayawilca and the extension of the Central Ayawilca
areas, where zinc mineralization occurs in flat-lying sulphide bodies replacing carbonate and clastic rocks
adjacent to a northeast trending fault. Holes A17-069 and A17- 070 were drilled between two earlier drill
intersections in holes A17-056 and A17-063 (see previous releas es May 3, 2017 and June 8, 2017 ). These
new results confirm the continuity of high grade zinc mineraliz ation in two separate replacement bodies
(mantos) at South Ayawilca over a strike length of at least 300 metres, with the lower sulphide manto
believed to be continuous over a one kilometre strike from South Ayawilca to Central Ayawilca.
Key Highlights from the Five Recent Holes
Hole A17-069:
29.3 metres at 10.4 % zinc, 17 g/t silver & 278 g/t indium from 271.4 metres depth, including
o 12.1 metres at 19.1 % zinc, 25 g/t silver & 440 g/t indium from 287.3 metres depth;
Hole A17-070:
1.6 metres at 15.4 % zinc, 40 g/t silver & 529 g/t indium from 306.8 metres depth; and
39.3* metres at 7.1 % zinc, 13 g/t silver & 100 g/t indium from 317.5 metres depth, including
o 8.0 metres at 20.9 % zinc, 19 g/t silver & 265 g/t indium from 340.0 metres depth;
* includes 4.3 metres of no recovery assumed zero grade
Hole A17-068:
0.75 metres at 6.1 % zinc, 11.6 % lead & 210 g/t silver from 343.55 metres depth;
6.0 metres at 4.0 % zinc & 46 g/t silver from 382 metres depth;
Hole A17-062:
0.65 metres at 33.6 % zinc, 0.3 % lead & 166 g/t silver from 152.4 metres depth (vein);
Hole was lost prior to target depth at 313 metres
Hole A17-067:
8.6 metres at 2.7 % zinc & 39 g/t silver from 256.4 metres depth.
See drill hole map and longitudinal section (Figures 1 and 2), and South Ayawilca cross sections in Figure 3.
Dr. Graham Carman, Tinka´s President and CEO, stated: “We are extremely pleased with these latest results,
which confirm continuity of very high grade zinc mineralization at South Ayawilca over at least 300 metres
of strike. Zinc mineralization also remains open in several directions including to the south, east, and
possibly to the west where the favourable stratigrap hic horizon may rapidly deepen. Hole A17-068, drilled
350 metres along strike from A17-063, shows that the lower mineralized manto is a continuous replacement
body and connects with Central Ayawilca. The Ayawilca su lphide system is zoned; high grade zinc occurs
outward of bodies of iron sulphide (mostly pyrrhotite) which host tin mineralization. This zonation has
similarities to the giant Cerro de Pa sco base metals deposit 40 kilometres to the southeast. Drilling is
continuing with step-out holes at West Ayawilca, along with new targets being drilled at Zone 3 and
Chaucha.”
The Company has released results of the first sixteen drill hol es of an estimated planned ~30 holes for 2017.
Twenty-four holes have so far been completed, with hole A17-080 now beginning, and many assays are
pending for both zinc and tin. We currently have one drill rig testing extensions of the West Ayawilca
resource (see Figure 1 and Figure 4). A second drill rig is dr illing at Zone 3. The third rig is setting up at the
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Chaucha area, with the first hole in that area planned to test a high priority geochemical-geophysical target.
A fourth drill rig was recently demobilized from South Ayawilca , allowing the Company time to complete
assays as well as analyze and interpret the new data.
True thicknesses of the zinc intersections are estimated to be at least 85% of the downhole thickness, except
where otherwise noted in Table 1. All significant results of th e 2017 program are summarized in Table 1
with the strongest intercepts in bold text. Table 2 is a summary of all drill collar information to date.
Table 1. Summary of 2017 Drill Results from Ayawilca
Drill hole From m To m Interval m Zn % Pb % Ag g/t Indium g/t R eported
A17-0561 90.30 90.65 0.35 29.0 0.4 82 443 April 3 '17
and 113.00 113.40 0.40 31.2 0.0 85 759 April 3 '17
and 126.00 189.90 63.90 5.6 0.1 17 29 March 6 '17
including 127.50 145.40 17.90 11.6 0.2 36 20 March 6 '17
including 127.50 133.30 5.80 22.5 0.3 77 50 March 6 '17
and 199.20 204.70 5.50 5.8 0.1 6 38 April 3 '17
and 228.50 233.70 5.20 12.9 0.0 11 162 March 6 '17
and 242.00 293.90 51.90 10.1 0.1 624 233 April 3 '17
including 279.00 293.90 14.90 20.6 0.2 1524 441 April 3 '17
including 279.00 285.40 6.40 37.5 0.4 301 916 April 3 '17
A17-056A 286.50 296.00 9.50 9.3 0.3 19 88 May 3'17
and 309.00 313.10 4.10 18.6 0.1 27 224 May 3'17
including 310.50 313.10 2.60 27.3 0.1 38 336 May 3'17
A17-057 84.90 86.35 1.45 24.8 0.0 62 157 April 3 '17
and 143.70 144.50 0.80 40.4 0.1 138 261 April 3 '17
and 157.60 197.70 40.10 9.1 0.2 22 168 April 3 '17
including 168.20 177.80 9.60 16.8 0.1 22 299 April 3 '17
and 227.15 234.90 7.75 3.5 0.2 21 85 April 3 '17
and 264.00 279.30 15.30 20.0 2.5 102 263 April 3 '17
including 265.75 269.00 3.25 34.5 2.1 96 196 April 3 '17
including 272.50 277.70 5.20 32.5 1.3 69 639 April 3 '17
A17-058 103.50 107.70 4.205 20.2 4.2 3294 15 May 3'17
and 133.25 134.35 1.105 30.3 3.2 500 61 May 3'17
A17-058 did not reach target, lost at 301 metres in sandstone
A17-059 50.30 51.10 0.80 37.5 0.5 69 70 June 8'17
58.00 60.00 2.00 6.3 0.0 12 30 June 8'17
A17-060 262.40 264.40 2.00 14.8 0.0 35 1178 May 3'17
and 275.00 279.50 4.50 15.0 0.0 20 383 May 3'17
and 298.00 328.50 30.52 3.4 0.2 10 38 May 3'17
including 303.40 312.00 8.60 5.1 0.1 11 6 May 3'17
A17-061 122.70 150.50 27.80 4.4 0.1 18 24 May 3'17
including 145.70 147.50 1.805 27.2 0.0 32 157 May 3'17
and 184.00 202.60 18.603 10.4 0.5 52 59 May 3'17
including 196.20 198.80 2.60 23.6 2.4 192 19 May 3'17
including 201.90 202.60 0.70 28.7 3.6 202 41 May 3'17
and 220.00 233.40 13.40 18.7 0.9 57 463 May 3'17
including 224.10 230.00 7.90 29.3 0.8 71 719 May 3'17
and 265.00 266.80 1.80 37.0 0.2 85 808 May 3'17
A17-062 152.40 153.05 0.655 33.6 0.3 166 42 Here
A17-062 was lost prior to target depth in a fault zone at 313 metres
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Drill hole From m To m Interval m Zn % Pb % Ag g/t Indium g/t Reported
A17-063 302.20 349.90 47.70 11.3 0.0 18 313 June 8'17
including 303.30 313.10 9.80 17.4 0.0 28 587 June 8'17
including 327.40 339.60 12.20 17.1 0.0 26 495 June 8'17
A17-064 269.90 270.40 0.50 15.6 0.0 11 304 June 8'17
and 277.20 277.60 0.40 14.5 0.0 17 39 June 8'17
A17-065 119.00 119.75 0.75 36.6 0.1 88 157 June 8'17
and 204.00 210.00 6.00 4.0 0.0 4 9 June 8'17
and 219.50 238.80 19.30 4.7 0.0 7 93 June 8'17
including 236.20 238.80 2.60 20.6 0.0 23 529 June 8'17
and 266.40 293.00 26.60 3.6 0.0 4 46 June 8'17
and 307.30 332.00 24.70 3.8 0.0 5 51 June 8'17
and 340.00 346.00 6.00 2.6 0.1 7 16 June 8'17
A17-066 185.20 185.50 0.30 37.8 0.0 40 1330 June 8'17
and 330.90 334.40 3.50 7.4 0.1 24 111 June 8'17
and 345.00 350.00 5.00 11.3 0.1 37 270 June 8'17
A17-067 256.40 265.00 8.60 2.7 0.2 39 0 Here
A17-068 343.55 344.30 0.75 6.1 11.6 210 7 Here
and 382.00 388.00 6.00 4.0 0.1 46 47 Here
A17-069 182.00 190.00 8.00 3.0 0.5 13 17 Here
and 261.60 262.30 0.70 17.8 0.0 14 73 Here
and 271.40 300.70 29.30 10.4 0.1 17 278 Here
including 287.30 299.40 12.10 19.1 0.1 25 440 Here
A17-070 100.00 105.10 5.10 6.3 0.6 127 82 Here
and 306.80 308.40 1.60 15.4 0.1 40 529 Here
and 317.50 356.80 39.306 7.1 0.1 13 100 Here
including 340.00 356.80 16.80 12.9 0.1 19 183 Here
including 340.00 348.00 8.00 20.9 0.1 19 265 Here
1 hole lost at 293.9 metres; wedged and completed as A17-056A to 376 metres depth
2 includes 0.6 m with no core recovery from 315.2 to 315.8 m; this interval was given a zero grade
3 includes 3.1 m with no core recovery from 198.8 to 201.9 m; this interval was given a zero grade
4 includes a silver assay cut at 1000 g/t
5 high grade vein intercepts with variable true thicknesses
6 includes 4.3 m of no recovery assumed zero grade
Note: Assays are calculated using a zinc only cut-off grade of 2% over 6 metres
Notes on sampling and assaying:
Drill holes are diamond HQ or NQ size core holes with recoverie s generally above 80% and often close to
100%. The drill core is marked up, logged, and photographed on site. The cores are cut in half at the
Company’s core storage facility, with half-cores stored as a fu ture reference. Half-core is bagged on average
over 1 to 2 metre composite intervals and sent to ALS laborator y in Lima, an ISO 9001:2000-registered
laboratory, for assay in batches. Standards and blanks are inserted into each batch prior to departure from
Tinka’s core storage facilities. At the laboratory samples are dried, crushed to 100% passing 2mm, then 500
grams pulverized for multi-element analysis by ICP (MS) using m ulti-acid digestion. Samples assaying over
1% zinc, lead, or copper are re-assayed using precise ore-grade AAS techniques.
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Table 2. Summary of Drill Collar Information
Drill Hole WGS84 East WGS84 North Total depth (m) Elevation (m) Azimuth Dip
A17-056 333046 8845062 293.9 4202 300 -75
A17-056A 333046 8845062 376.4 4202 300 -75
A17-057 333046 8845062 477.0 4202 300 -55
A17-058 332557 8845657 301.0 4299 040 -82
A17-059 332840 8845192 248.9 4209 120 -85
A17-060 333174 8845005 358.4 4218 300 -70
A17-061 333058 8844996 326.9 4191 290 -67
A17-062 333175 8845004 309.0 4218 000 -90
A17-063 333241 8845118 416.6 4229 310 -70
A17-064 333062 8844993 369.1 4191 290 -50
A17-065 333174 8845090 366.3 4225 300 -75
A17-066 333345 8845193 371.6 4211 310 -70
A17-067 333059 8844996 302.8 4190 120 -85
A17-068 333552 8845279 419.7 4185 310 -75
A17-069 333114 8845103 374.3 4210 300 -65
A17-070 333152 8845150 367.8 4230 310 -75
Figure 1. Current Ayawilca drill hole map and 2016 Mineral Resource boundaries (hatched)
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Figure 2. Longitudinal section D-D’ from South Ayawilca to Central Ayawilca
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Figure 3. Cross sections A-A’, B-B’ and C-C’ through South Ayawilca, viewing northeast
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Figure 4. Map of 2017 Ayawilca drill program on airborne RTP magnetics (red = magnetic sources)
The qualified person, Dr. Graham Carman, Tinka’s President and C E O , a n d a F e l l o w o f t h e A u s t r a l a s i a n
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
Investor Information:
www.tinkaresources.com
Rob Bruggeman 1.416.884.3556
Company Contact:
Mariana Bermudez, 1.604.699.0202
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About Tinka Resources Limited
Tinka is an exploration and development company with its flagsh ip 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 has an Inferred Mineral Resource of 18.8 Mt a t 5 . 9 % z i n c , 0 . 2 % le a d , 1 5 g / t s i l v e r & 74 g / t
indium, and a Tin Zone Inferred Mineral Resource of 5.4 Mt at 0 .76 % tin, 0.31 % copper & 18 g/t silver. Both
resources are open for expansion (May 25, 2016). The Silver Zone at Colquipucro, 2 km north of the Zinc Zone, has an
Indicated Mineral Resource of 2.9 Mt at 112 g/t silver for 10.4 Moz silver and an Inferred Mineral Resource of 2.2 Mt
at 105g/t silver for 7.5 Moz silver hosted by oxidized lenses between the surface and 80 metres depth (Feb. 26, 2015).
Forward Looking Statements: Certain information in this news release contains forward-look ing statements and
forward-looking information within the meaning of applicable se curities laws (collectively " forward-looking
statements"). All statements, other than statements of historical fact a re 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 c urrent risks, uncertainties and assumptions related to
certain factors including, without limitations, drilling result s, the Company’s expectations regarding mineral resource
calculations, capital and other costs varying significantly fro m estimates, production rates varying from estimates,
changes in world metal markets, changes in equity markets, unce rtainties relating to the availability and costs of
financing needed in the future, equipment failure, unexpected g eological 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 necessar y permits and approvals from local authorities, community
agreements and relations, and other development and operating r isks. 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 assumptio ns 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