Tinka Expands Zinc Mineralization at South & WEST Ayawilca 36.3 Metres Grading 5.2 % Zinc Including 5.5 Metres Grading 12.5 % Zinc IN Hole A17-079 Mineralization Remains Open
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 August 15, 2017
TINKA EXPANDS ZINC MINERALIZATION AT SOUTH & WEST AYAWILCA
36.3 METRES GRADING 5.2 % ZINC INCLUDING 5.5 METRES GRADING 12.5 % ZINC IN HOLE A17-079
MINERALIZATION REMAINS OPEN
Vancouver, Canada – Tinka Resources Limited (“Tinka” or the “ Company”) (TSXV: TK) (OTCPK:
TKRFF) is pleased to announce assay results of a further five step-o ut drill holes at the Company’s 100%-
owned Ayawilca zinc project in central Peru. These results include two holes drilled at each of West and South
Ayawilca, with one hole drilled at Central Ayawilca. Tinka con tinues to expand the footprint of the zinc
mineralization with an aggressive 2017 drill program – approxim ately 12,000 metres have been drilled in 35
holes completed during the campaign so far, with further step out holes planned for the remainder of the year.
At West Ayawilca, holes A17-079 and A17-080 intersected signifi cant thicknesses of high grade zinc
mineralization, and have extended the West Ayawilca zinc zone by approximately 150 metres to the northeast.
Mineralization at West Ayawilca remains open in that direction. At South Ayawilca, hole A17-078 has
intersected manto-style mineralization a further 250 metres eas t from hole A17-075 (20.8 metres at 5.0 %
zinc). Zinc mineralization remains open at South Ayawilca over approximately 700 metres (see Figures 1 &
2).
Upcoming holes are planned to test the extensions of South Ayawilca zinc mineralization to the east and south.
Additional holes are planned to follow up the bonanza silver intercept in A17-072 (2 metres at 3,170 g/t silver).
Key Highlights
Hole A17-079 (West Ayawilca):
36.25 metres at 5.2 % zinc, 0.2 % lead & 65 g/t indium from 273.25 metres depth, including
o 5.5 metres at 12.5 % zinc & 103 g/t indium from 304.0 metres depth;
Hole A17-080 (West Ayawilca):
15.2 metres at 6.0 % zinc & 184 g/t indium from 291.3 metres depth, including
o 1.8 metres at 28.4 % zinc, 34 g/t silver & 1400 g/t indium from 304.7 metres depth;
Hole A17-078 (South Ayawilca):
1.2 metres at 8.9 % zinc, 0.3% lead & 380 g/t silver from 190.0 metres depth, and
4.3 metres at 7.8 % zinc, 0.1 % lead & 57 g/t indium from 400.1 metres depth;
Hole A17-076 (South Ayawilca):
2.8 metres at 4.5 % zinc, 0.4 % lead, 54 g/t silver & 43 g/t indium from 196.7 metres depth;
Hole A17-077 (Central Ayawilca):
2.3 metres at 9.2 % zinc, 11 g/t silver & 79 g/t indium from 337.3 metres depth.
Dr. Graham Carman, Tinka´s President and CEO, stated: “The 2017 Ayawilca resource step-out drill program
continues to provide excellent results. The drilling is expanding our zinc footprint well beyond resource
boundaries, as well as highlighting additional areas for potential discoveries. South Ayawilca remains open
for zinc extensions over a strike distance of at least 700 metres, towards the southeast, and remains one of our
primary target areas for upcoming drilling. Significantly, zinc grad es improve to the south in some areas
associated with massive pyrite replacement rather than pyrrhotite or magnetite, indicating high grade zinc
mineralization extends beyond the magnetic geophysical anomalies and opening up new areas to explore. At
West Ayawilca, high grade zinc mineralization continues at least 150 metres beyond the 2016 resource
boundary to the northeast. Tinka continues to aggressi vely drill test zinc targets on the Ayawilca property,
heading towards a resource upgrade during the last quarter of 2017.”
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Results are now reported for 25 holes of the 35 holes completed in the 2017 drill campaign. Two diamond
drill rigs continue to operate at the project currently drillin g at Zone 3 (hole A17-092) and South Ayawilca
(hole A17-093) – see Figure 1. Results are pending for several holes at the Valley and Chaucha areas.
Maps attached: Drill hole locations at Ayawilca (Figure 1); Zinc grade-thickness map (Figure 2); Cross section
of West Ayawilca (Figure 3); Geological map with all 2017 drill holes at Ayawilca and Chaucha (Figure 4).
True thicknesses of the zinc intersections are estimated to be at least 85% of the downhole thickness, except
where otherwise noted in footnotes to Table 1. All significant results of the 2017 program are summarized in
Table 1 with the strongest intercepts in bold text. Table 2 summarizes 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 A pril 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 A pril 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 Ma y 3'17
and 133.25 134.35 1.105 30.3 3.2 500 61 Ma y 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 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 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 June 28'17
A17-062 was lost prior to target depth in a fault zone at 313 metres
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
Drill hole From m To m Interval m Zn % Pb % Ag g/t Indium g/t Reported
A17-064 269.90 270.40 0.50 15.6 0.0 11 304 June 8'17
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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 June 28'17
A17-068 343.55 344.30 0.75 6.1 11.6 210 7 June 28'17
and 382.00 388.00 6.00 4.0 0.1 46 47 June 28'17
A17-069 182.00 190.00 8.00 3.0 0.5 13 17 June 28'17
and 261.60 262.30 0.70 17.8 0.0 14 73 June 28'17
and 271.40 300.70 29.30 10.4 0.1 17 278 June 28'17
including 287.30 299.40 12.10 19.1 0.1 25 440 June 28'17
A17-070 100.00 105.10 5.10 6.3 0.6 127 82 June 28'17
and 306.80 308.40 1.60 15.4 0.1 40 529 June 28'17
and 317.50 356.80 39.306 7.1 0.1 13 100 June 28'17
including 340.00 356.80 16.80 12.9 0.1 19 183 June 28'17
including 340.00 348.00 8.00 20.9 0.1 19 265 June 28'17
A17-071 327.20 350.00 22.80 8.4 0.8 35 17 Jul y 7’17
including 332.40 345.00 12.60 11.6 0.9 35 30 Jul y 7’17
A17-072 104.80 105.60 0.80 27.0 0.3 73 125 July 7’17
and 294.50 306.00 11.50 2.9 2.3 781 0 Jul y 7’17
including 302.00 304.00 2.00 5.6 5.5 3167 0 Jul y 7’17
A17-073 no significant results July 7’17
A17-074 71.40 73.60 2.205 3 1 . 0 0.1 138 23 Jul y 7’17
and 148.00 148.70 0.705 1 8 . 3 0.3 38 0 Jul y 7’17
A17-075 359.00 379.8 7 20.80 5.0 0.0 11 44 July 7’17
including 376.30 379.80 3.50 10.2 0.0 17 96 Jul y 7’17
A17-076 196.70 199.50 2.80 4.5 0.4 54 43 Here
and 264.00 269.90 5.90 1.2 1.0 58 0 Here
and 368.00 373.70 5.70 2.4 1.9 55 0 Here
A17-077 265.10 268.00 2.90 2.9 2.8 84 0 Here
and 337.30 339.60 2.30 9.2 0.0 11 79 Here
and 348.60 359.60 11.00 2.6 0.7 86 1 Here
A17-078 190.00 191.20 1.20 8.9 0.3 380 32 Here
and 400.10 404.40 4.30 7.8 0.1 4 57 Here
A17-079 209.30 225.15 15.85 2.4 1.2 25 0 Here
and 254.40 270.00 15.60 2.4 0.1 5 16 Here
and 273.25 309.50 36.25 5.2 0 . 2 1 0 6 5 H e r e
including 304.00 309.50 5.50 12.5 0 . 0 8 103 H e r e
A17-080 171.70 174.00 2.30 3.5 2.2 58 0 Here
and 291.30 306.50 15.20 6.0 0 . 0 7 184 H e r e
including 304.70 306.50 1.80 28.4 0 . 0 3 4 1400 H e r e
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; actual assay in A17-056 was 0.2 m at 16,490 g/t Ag, 7.0% Zn & 6.9 % Cu from 287.1 m.
5 high grade vein intercepts with variable true thicknesses
6 includes 4.3 m of no recovery assumed zero grade
7 includes 1.7 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
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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 or SGS la boratories in Lima for assay in batches.
Standards and blanks are inserted into each batch prior to depa rture 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 using multi-acid digestion. Samples assaying ov er 1% zinc, lead, or copper and over 100 g/t
silver are re-assayed using precise ore-grade AAS techniques.
Table 2. Summary of Drill Collar Information (coordinates are in UTM Zone 18S WGS84 datum)
Drill Hole Easting North ing Total depth (m) Elevation (m) Azimu th 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
A17-071 333328 8845044 383.3 4202 310 -70
A17-072 333114 8845103 445.9 4233 300 -53
A17-073 334458 8846616 710.0 4024 210 -75
A17-074 332666 8845491 429.6 4124 015 -75
A17-075 333434 8845121 395.3 4201 310 -70
A17-076 333155 8845153 420.7 4230 310 -55
A17-077 332966 8845460 416.2 4243 130 -70
A17-078 333656 8845227 477.2 4174 310 -75
A17-079 332919 8845717 322.6 4223 310 -65
A17-080 332915 8845805 335.4 4220 310 -70
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Figure 1. Ayawilca 2017 drill hole map showing 2016 Mineral Resource boundaries (hatched)
Figure 2. Plan of Zinc grade versus thickness (m% Zn) for Ayawilca drill hole
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Figure 3. Simplified cross section E-E’ through West Ayawilca with interpreted zinc bodies
Viewing west (see Fig 1 for location of section)
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Figure 4. Geological map highlighting all 2017 drill holes to date & prospective areas
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NI 43-101 Technical Report:
On June 29, 2016, Tinka filed an independent National Instrumen t 43-101 Technical Report (the “NI 43-101
Technical Report”) on the Mineral Resource Estimate for the Ayawilca Property, Department of Pasco, Peru
in support of the Company’s news release dated May 25, 2016. The NI 43-101 Technical Report was authored
by Mr. David Ross. P.Geo., of Ro scoe Postle Associates Inc., wh o is an independent “qualified person” as
defined by National Instrument 43-101. The NI 43-101 Technical Report may be found under the Company’s
profile on SEDAR at www.sedar.com and on the Company’s website at www.tinkaresources.com
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
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 ( May 25, 2016 ). A significant
resource expansion drill program began in February 2017 and is ongoing.
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