TINKA DISCOVERS NEW HIGH GRADE ZINC ZONE AT AYAWILCA 400 metre step-out hole hits 17.9 metres at 11.6 % Zn within a wider zone of 62.4 metres at 5.6 % Zn
NEWS RELEASE March 6, 2017
TINKA DISCOVERS NEW HIGH GRADE ZINC ZONE AT AYAWILCA
400 metre step-out hole hits 17.9 metres at 11.6 % Zn within a wider zone of 62.4 metres at 5.6 % Zn
Vancouver, Canada – Tinka Resources Limited (“Tinka” or the “ Company”) (TSXV: TK) (OTCPK:
TKRFF) is pleased to announce partial results from drill hole A17-56, the first hole of the 10,000 metre 2017
drill program at Ayawilca, Peru. Drill hole A17-56 is located approximately 400 metres south of the existing
Zinc Zone Inferred Mineral Resource, and over 250 metres from a ny previous drill hole at Ayawilca.
Mineralization in the hole is associated with massive to semi-massive sulphide replacements of carbonate and
clastic sediments which also host the known mineralization else where. These results report down to a depth
of 238 metres only; hole A17-56 will continue to the base of the favourable limestone unit, with further high-
grade zinc intersections expected. Tinka is mobilizing a second drill rig to site immediately.
Key Highlights from drill hole A17-56 (results to 238 metres depth only):
62.4 metres grading 5.6 % zinc from 127.5 metres depth, including:
o 17.9 metres at 11.6% zinc from 127.5 metres depth, including:
o 5.8 metres at 22.5 % zinc from 127.5 metres depth; and
5.2 metres at 12.9% zinc from 228.5 metres depth;
All mineralized intercepts are sulphides.
The lower contact of the favourable limestone is expected at a depth of 300-350 metres. Zinc mineralization
is all sulphide (sphalerite, marmatite) accompanied by minor galena and chalcopyrite. True thicknesses of the
zinc intersections are estimated to be at least 90% of the downhole thickness.
Dr. Graham Carman, Tinka´s President and CEO, stated: “This is an exciting new zinc discovery at Ayawilca,
in a 400 metre step-out hole from the existing minera l resource and our very first drill hole for 2017. This
early success gives the Tinka team a great deal of confidence that our geological models and targeting methods
are working. We are drilling a magnetic anomaly at South Ayawilca, and there are several other untested
magnetic and zinc anomalies on the property that will be drilled in 2017 (see Figures 1 & 2).”
Dr. Carman continued, “This discovery at South Ayawilca is very significant. The drill hole contains some
high zinc grades, and opens up a large new area to potentially grow our zinc resources, particularly of the
higher grade ‘chimney style’ mineralization we have already identified at West Ayawilca. We look forward to
completing A17-56 to determine the extent of the minera lization to depth. Upcoming holes will test if this
mineralization links up with existing mineral resources at West and/or Central Ayawilca. Given this early
success, we are immediately mobilizing a second drill rig to site.”
Table of Results
Drill hole From (m) To (m) Inter val (m) Zinc % Lead % Silver pp m Indium ppm
A17-56 127.5 189.9 62.4 5.6 0.1 17 29
Including 127.5 145.4 17.9 11.6 0.2 36 20
Including 127.5 133.3 5.8 22.5 0.3 77 50
And 228.5 233.7 5.2 12.9 0.0 11 162
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
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Notes on sampling and assaying:
Down-hole zinc intersections were calculated using a 2% zinc cut-off grade over 6 metre intervals. Drill holes
are diamond core holes with recoveries generally above 70% and often close to 100%. The drill core is marked
up, logged, and photographed on site. The cores are cut in hal f at the Company’s core storage facility, with
half-cores stored as a future reference. Half-core is bagged on average over 1 to 2 metre composite intervals,
and sent to ALS laboratory in Lima for assay in batches. Stand ards and blanks were inserted into each batch
prior to departure from Tinka’s core storage facilities. At th e laboratory samples are dried, crushed to 100%
passing 2mm, then 500 grams pulverized for multi-element analys is by ICP (MS) using multi-acid digestion.
Samples assaying over 1% zinc, lead, or copper were re-assayed using precise ore-grade AAS techniques.
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.
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 centr al Peru, 200 kilometres northeast of Lima. The Ayawilca
Zinc Zone has an Inferred Mineral Resource of 18.8 Mt at 8.2% Z inc Eq, and a Tin Zone Inferred Mineral Resource of
5.4 Mt at 0.89% Tin Eq, both open for expansion (May 25, 2016). The Silver Zone at Colquipucro, 2 km north of the Zinc
Zone, has Indicated Mineral Resources of 2.9 Mt at 112g/t Ag fo r 10.4 Moz Ag and Inferred Mineral Resources of 2.2
Mt at 105g/t Ag for 7.5 Moz Ag hosted by oxidized silver-rich lenses less than 80 metres from surface (Feb. 26, 2015).
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 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 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 appl icable 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
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Figure 1. Airborne magnetics showing priority targets for the 2017 drill program at Ayawilca
Figure 2. Zinc-in-soils with 2017 priority targets at Ayawilca showing collar location of A17-56