Tinka Drills 48 Metres Grading 11.3 % Zinc at South Ayawilca Step-Out Drilling Extends Mineralization Strike Length BY 500 Metres
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 8, 2017
TINKA DRILLS 48 METRES GRADING 11.3 % ZINC AT SOUTH AYAWILCA
STEP-OUT DRILLING EXTENDS MINERALIZATION STRIKE LENGTH BY 500 METRES
Vancouver, Canada – Tinka Resources Limited (“Tinka” or the “ Company”) (TSXV: TK) (OTCPK:
TKRFF) is pleased to announce results of five additional drill holes from its 100% owned Ayawilca zinc
project in central Peru. All five holes are from the South Ayaw ilca area. Hole A17-063 has returned one of
the best intersections of zinc mineralization at Ayawilca to da te, 47.7 metres grading 11.3% zinc, also with
high indium credits. Hole A17-063 lies 200 metres northeast of the South Ayawilca discovery hole A17-056,
which intersected two high grade zinc sulphide zones including 17.9 metres at 11.6 % zinc and 51.9 metres at
10.1% zinc (see Table 1). Drill results reported so far in 2017 have defined high grade zinc mineralization at
South Ayawilca over a northeast-southwest strike length of 370 metres, connecting the South Ayawilca
discovery area to the Central Ayawilca zinc resource.
Key Highlights
Hole A17-059:
0.8 metres at 37.5 % zinc, 0.5 % lead & 69 g/t silver from 50.3 metres depth (vein).
Hole A17-063:
47.7 metres at 11.3 % zinc, 18 g/t silver & 313 g/t indium from 302.2 metres depth, including
o 9.8 metres at 17.4 % zinc, 28 g/t silver & 587 g/t indium from 303.3 metres depth; and
o 12.2 metres at 17.1 % zinc, 26 g/t silver & 495 g/t indium from 327.4 metres depth.
Hole A17-064:
0.5 metres at 15.6 % zinc, 11 g/t silver & 304 g/t indium from 269.9 metres depth; and
0.4 metres at 14.5 % zinc, 17 g/t silver & 39 g/t indium from 277.2 metres depth.
Hole A17-065:
19.3 metres at 4.7 % zinc, 7 g/t silver & 93 g/t indium from 219.5 metres depth, including
o 2.6 metres at 20.6 % zinc, 23 g/t silver & 529 g/t indium from 236.2 metres depth; and
26.6 metres at 3.6 % zinc, 4 g/t silver & 46 g/t indium from 266.4 metres depth; and
24.7 metres at 3.8% zinc, 5 g/t silver & 51 g/t indium from 307.3 metres depth.
Hole A17-066:
3.5 metres at 7.4 % zinc, 24 g/t silver & 111 g/t indium from 330.9 metres depth, and
5.0 metres at 11.3 % zinc & 37 g/t silver & 270 g/t indium from 345.0 metres depth;
Dr. Graham Carman, Tinka´s President and CEO, stated: “These latest drill results continue to show strong
zinc mineralization in our step-out drill program at South Ayawilca. There now appears to be continuity of the
zinc mineralization between South & Central Ayawilca, which could add an additional 500 metres of
mineralization along strike extension to our existing resources. Massive to semi-massive sulphides occur
throughout the mineralized sequence. We are finding th at the zinc mineralization is zoned around iron
sulphides (mostly pyrrhotite with lesser pyrite) which ma y also host tin mineralization (note: tin assays are
pending). We have also encountered an important northeast-trending fault, and can confirm that post-mineral
movement has displaced mineralization laterally which opens additional exploration opportunities.”
The Company has now released results from eleven drill holes of an estimated total of 30 holes planned for
2017. Seventeen holes have been completed. There are currently two rigs drilling at South and Central
Ayawilca focussing on resource expansion and connection of thes e areas (see drill map, Figure 1). A third
drill rig is currently testing the possible extensions of West Ayawilca. A fourth rig has started at Zone 3, a
new area located 700 hundred metres northeast of the existing zinc resource area (see Figure 2).
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Zinc mineralization is associated with gently dipping, massive to semi-massive, sulphide replacements of
carbonate and clastic sediments. Minor veins are also noted. 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 the 2017 program are summarized in Table 1 with the strongest intercepts in bold text.
Table 1. Summary of 2017 Drill Results
Drill hole From (m) To (m)
Interval
(m)
Zn
(%)
Pb
(%)
Ag
(g/t)
Indium
(g/t) Re ported
A17-056 1 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 Ma y 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 A pril 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
Hole did not reach target, lost at 301 metres depth in sandstone
A17-059 50.30 51.10 0.805 37.5 0.5 69 70 Here
and 58.00 60.00 2.00 6.3 0.0 12 30 Here
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 Ma y 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 Ma y 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 Ma y 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 Ma y 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 Hole was lost prior to target depth; some mineralization in hole with results awaited
A17-063 302.20 349.90 47.70 11.3 0.0 18 313 Here
including 303.30 313.10 9.80 17.4 0.0 28 587 Here
including 327.40 339.60 12.20 17.1 0.0 26 495 Here
A17-064 269.90 270.40 0.50 15.6 0.0 11 304 Here
and 277.20 277.60 0.40 14.5 0.0 17 39 Here
A17-065 119.00 119.75 0.75 36.6 0.1 88 157 Here
and 204.00 210.00 6.00 4.0 0.0 4 9 Here
and 219.50 238.80 19.30 4.7 0.0 7 93 Here
including 236.20 238.80 2.60 20.6 0.0 23 529 Here
and 266.40 293.00 26.60 3.6 0.0 4 46 Here
and 307.30 332.00 24.70 3.8 0.0 5 51 Here
and 340.00 346.00 6.00 2.6 0.1 7 16 Here
A17-066 185.20 185.50 0.30 37.8 0.0 40 1330 Here
and 330.90 334.40 3.50 7.4 0.1 24 111 Here
and 345.00 350.00 5.00 11.3 0.1 37 270 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
Note: Assays are calculated using a zinc only cut-off grade of 2% over 6 metres
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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.
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
Figure 1. Map of Ayawilca drill holes with existing zinc - tin resources (hatched)
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Figure 2. 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 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 5.9 % zinc, 0.2 % lead, 15 g/t silver & 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 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