Tinka Drills 52 Metres at 10 % Zinc and 15 Metres at 20 % Zinc at South Ayawilca
NEWS RELEASE April 3, 2017
TINKA DRILLS 52 METRES AT 10 % ZINC AND 15 METRES AT 20 % ZINC
AT SOUTH AYAWILCA
Vancouver, Canada – Tinka Resources Limited (“Tinka” or the “ Company”) (TSXV: TK) (OTCPK:
TKRFF) is pleased to announce new results from drill holes A17-056 and A17-057, the first two holes of the
10,000 metre 2017 drill program at Ayawilca, Peru, and the firs t holes to be drilled at South Ayawilca. Both
holes were drilled from the same platform, approximately 400 metres from the existing zinc mineral resource.
Two zones of significant zinc mineralization were intersected i n both holes, associated with gently dipping
massive to semi-massive sulphide replacements of carbonate and clastic sediments. Mineralization is open in
all directions. Zinc mineralization is all sulphide (sphalerite , marmatite) accompanied by minor galena and
iron sulphides.
There have been logistical delays to the drill program caused by heavy summer rainfall. Tinka will mobilize a
third rig to site during the first week of April to accelerate the drill program.
Key Highlights:
Hole A17-056 (results from surface to 127 metres and from 238 to 294 metres are reported here; results from
127-238 metres were previously reported March 6, 2017 including 62 metres at 5.6% Zn from 126 m depth):
51.9 metres at 10.1 % zinc, 62 g/t silver & 233 g/t indium from 242.0 metres depth, including:
o 14.9 metres at 20.6 % zinc, 152 g/t silver & 441 g/t indium from 279.0 metres depth, including:
o 6.4 metres at 37.5 % zinc, 301 g/t silver & 916 g/t indium from 279.0 metres depth;
The hole was lost at 293 metres depth but successfully wedged and continued as hole A17-056A where
it was recently completed to a depth of 376 metres. Assays are pending for the bottom section.
Hole A17-057 (results from surface to 294 metres are reported here):
40.1 metres at 9.1 % zinc, 22 g/t silver & 168 g/t indium from 157.6 metres depth, including:
o 9.6 metres at 16.8 % zinc, 22 g/t silver & 299 g/t indium from 168.2 metres; and
15.3 metres at 20.0 % zinc, 2.5 % lead, 102 g/t silver & 263 g/ t indium from 264.0 metres depth,
including:
o 3.25 metres at 34.5% zinc, 2.1 % lead, 96 g/t silver & 196 g/t indium from 265.75 metres;
o 5.2 metres at 32.5 % zinc, 69 g/t silver, & 639 g/t indium from 272.5 metres depth;
The hole was completed to 477 metres depth. Minor additional mi neralization was intersected with
assays pending.
Dr. Graham Carman, Tinka´s President and CEO, stated: “The first two holes at South Ayawilca have exceeded
our expectations in terms of thickness and grade of zinc mineralization. These two holes are undoubtedly the
best adjacent mineralized holes ever drilled at Ayawilca. There are also significant silver and indium credits.
The intercepts in these holes are between 60 and 100 metres apart, and we interpret two mineralized bodies
gently dipping to the south, formed by replacement of the host sequence, and remaining open in all directions
(see Figures 1 & 2). Furthermore, mineralization can be correlated from hole to hole showing good continuity,
and aiding our interpretation of this blind target. Hole A17-056 has semi-massive to massive sulphide replace-
ment of the entire 150 metre thick carbonate sequence, indicating a very strongly mineralized system.”
Dr. Carman continued, “Our focus is now on determining the scale of the mineralization at South Ayawilca.
Rig 1 is currently drilling hole A17-059 to test the northwest extension of the discovery at South Ayawilca,
while Rig 2 has recently commenced hole A17-060 to test the southeast extension. Very soon we will have
three drill rigs operating at South Ayawilca. We plan to m obilise a fourth rig in late April to test the Zone 3
area located 2 kilometres east of where we are currently drilling.”
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
2
Both holes were drilled at the same azimuth direction (300 degr ees) at angles of -75 and -55 degrees, respec-
tively (Figure 1). True thicknesses of the zinc intersections are estimated to be at least 85% of the downhole
thickness. All significant results of the 2017 program are summarized in Table 1.
Table 1. Summary of 2017 Drill Results
Drill hole From (m)
To
(m)
Interval
(m)
Zn
(%)
Pb
(%)
Ag
(g/t)
Indium
(g/t) Reported
A17-056 1 90.30 90.65 0.35 2 29.0 0.4 82 443 here
and 113.00 113.40 0.402 31.2 0.04 85 759 here
and 126.00 189.90 63.90 3 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 here
and 228.50 233.70 5.20 12.9 0 11 162 March 6/17
and 242.00 293.90 51.90 10.1 0.1 624 233 here
including 279.00 293.90 14.90 20.6 0.2 1524 441 here
including 279.00 285.40 6.40 37.5 0.4 301 916 here
A17-057 84.90 86.35 1.45 24.8 0 62 157 here
and 143.70 144.50 0.802 40.4 0.1 138 261 here
and 157.60 197.70 40.10 9.1 0.2 22 168 here
including 168.20 177.80 9.60 16.8 0.1 22 299 here
and 227.15 234.90 7.75 3.5 0.2 21 85 here
and 264.00 279.30 15.30 20.0 2.5 102 263 here
including 265.75 269.00 3.25 34.5 2.1 96 196 here
including 272.50 277.70 5.20 32.5 1.3 69 639 here
A17-058 0.00 301.00 Hole abandoned in upper sandstone due to collapse i n a fault zone.
Hole at West Ayawilca did not reach target depth.
All assays were calculated using a zinc cut-off grade of 2% Zn over a 6 metre interval.
1 Hole A17-056 was lost at 293.9 m, then wedged and completed to 376 m as A17-056A; assays are awaited from 294-376 m.
2 Narrow vein; true thickness is unknown at this time.
3 The March 6 2017 release indicated 62.4 metres. Additional sampling and assaying has extended the interval by 1.5 m for a
total intercept of 63.9 m at the same grade.
4 Hole A17-056 had a 20 cm interval from 287.1-287.3 m assaying >1 % Ag. This was cut to 1000 g/t for avg. interval grade.
Notes on sampling and assaying:
Drill holes are diamond HQ-size core holes with recoveries gene rally 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 future reference. Half-core is bagged on average over 1 to 2 metre
composite intervals and sent to ALS laboratory in Lima, an ISO 9001:2000-registered laboratory, for assay in
batches. Standards and blanks are inserted into each batch pri or to departure from Tinka’s core storage facil-
ities. At the laboratory samples are dried, crushed to 100% passing 2mm, then 500 grams pulverized for multi-
element analysis by ICP (MS) using multi-acid digestion. Samples assaying over 1% zinc, lead, or copper are
re-assayed using precise ore-grade AAS techniques.
3
Figure 1. Interpreted cross section of holes A17-056 and A17-057, looking northeast
Figure 2. Map of 2017 Ayawilca drill program on airborne magnetics (red = magnetic sources)
4
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 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).
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.
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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release