Tinka Increases Scale of the High Grade Copper‐gold Discovery at Silvia Nw
TINKA INCREASES SCALE OF THE HIGH GRADE COPPER‐GOLD DISCOVERY AT SILVIA NW
Vancouver, Canada – Tinka Resources Limited ( “Tinka” o r t h e “Company”) (T S X V & B V L : T K) (OTCQB: TKRFF) is
pleased to announce an exploration update at its 100% owned zinc‐silver and copper‐gold projects in Central Peru.
HIGHLIGHTS:
Silvia NW copper‐gold project:
Copper‐gold mineralization at ‘Area A’ has been significantly e xpanded with the discovery of high‐grade copper‐
gold veins (“Skarn Veins”) in limestone up to 100 metres across‐strike from previously sampled mineralized skarn.
The footprint of the skarn mineralization now covers an area of 550 metres by 400 metres including areas of
shallow cover;
Skarn Veins grade up to 1.1% copper and 7.9 g/t gold from 17 gr ab and rock chip samples over intervals of 0.1 to
0.3 metres ‐ individual samples range between 0.02% and 1.1% copper, and between 0.05 g/t and 7.4 g/t gold;
Previous sampling across the original skarn discovery outcrop at Area A included 46 metres at 1.9 g/t gold and 0.8%
copper, including 6 metres at 2.7% copper and 12.8 g/t gold (see release dated November 10, 2021);
A preliminary mineralogical study of a high‐grade copper‐gold sample from Area A shows that gold occurs as fine‐
grained native gold up to 20 microns in size inside chalcopyrite, while primary copper mineralization occurs almost
entirely as chalcopyrite with trace amounts of late covellite;
A t S i l v i a N W , A r e a s A , B a n d C d e f i n e a p o t e n t i a l f o o t p r i n t o f 3 x 1 kilometres. Sampling results from Area B
(including trenches and soils) are currently being collated and interpreted by our technical team;
Field work has commenced in preparation for an Environmental Imp a c t D e c l a r a t i o n ( o r “ D I A ” ) t o o b t a i n t h e
necessary permits for drilling at Silvia NW.
Ayawilca zinc‐silver project:
The Company continues to advance its flagship Ayawilca zinc‐sil ver project, following the update of the project’s
PEA in October 2021, which highlig hted the potential for Ayawil ca to become a global top‐10 zinc producer (see
PEA news release dated October 14, 2021) . Tinka is planning a resource extension and definition drill program at
South Ayawilca during the first half of 2022. Details of this program will be announced soon.
Dr. Graham Carman, Tinka’s President and CEO, stated: “Tinka’s field work at Silvia NW continues to expand the scale
of this exciting new copper‐gold skarn prospect. The discovery of Skarn Veins in the limestone surrounding the original
discovery outcrop is very important because it shows that the m ineralized system is significantly wider than previously
thought. Skarn deposits in Peru have formed some of the largest and highest‐grade copper deposits in the world, prime
examples being Antamina (a global top‐10 copper mine) some 90 km to our north, and Las Bambas in southern Peru. A
preliminary mineralogical study of the copper‐gold mineralization at Silvia NW shows that copper occurs almost
exclusively as chalcopyrite, while gold appears to occur mostly in the form of fine‐grained native gold. Also, the
mineralization at Zone A does not appear to contain significant levels of deleterious elements. Our team has continued
its sampling and mapping program at Areas B and C, and we look forward to reporting progress once all results are
received.”
January 13, 2022
T: 604.685.9316 [email protected]
TSXV & BVL: TK OTCQB: TKRFF NEWS RELEASE
“At our flagship Ayawilca zinc‐silver project, a geological reinterpretation of near vertical structures discovered at South
Ayawilca in 2020 suggests that the re is further potential to ex pand the high‐grade silver‐lead‐zinc mineralization. We
are planning to commence a resource extension and definition dr ill program during the firs t half of 2022, which will
include drill holes aimed at expanding this style of mineralization, ” Dr. Carman continued.
Updated Results at Silvia NW
Tinka’s exploration program at Silvia NW has focused on the map ping and sampling of Area A, believed to expose the
deepest and highest grade portion of the skarn system along the 3 km x 1 km trend.
Copper‐gold mineralization at Area A lies in the base of a valley and has been mapped over a 550 metre by 400 metre
area (see Geology map ‐ Figure 2). Skarns are hosted by limest one of the Jumasha Formation (Cretaceous age) and
within intrusive dikes (Tertiary age). Mineralized skarn is exposed in the central part of the area, surrounded by marble
(recrystallized limestone). There are substantial areas of scree cover between outcrops of skarn, due to the steepness
of the valley walls. Mineralized skarn is developed within bot h the limestone and intrusive dikes of quartz‐feldspar‐
biotite porphyry. Multiple, subparallel structures orientated ENE‐WSW and NE‐SW, are believed to control the copper‐
gold mineralization.
“Skarn Veins” reported here have been mapped and sampled in the surrounding limestones on the western and
southern side of Area A, some 100 metres from outcrops of continuous skarn near the centre of the valley (previously
trench sampled – see Figures 2 and 3). Skarn Veins are hosted in a north‐south oriented garnet skarn measuring up to
50 metres in strike length and up to 20 metres in thickness, developed in Jumasha Formation limestone. Strongly
mineralized veins, which are largely oxidized, have multiple orientations and individual thicknesses up to 0.3 metres.
Skarn mineralization consists of garnet‐magnetite‐pyroxene‐amph ibole and other calcsilicates with chalcopyrite and
pyrite. Copper mineralization occurs predominantly as chalcopyrite, while gold appears to occur mostly as native gold
with possible telluride minerals (yet to be formally identified ). The location and form of the Skarn Veins is shown in
Figure 3. A photomicrograph of high‐grade copper and gold miner alization from Area A, including native gold within
chalcopyrite, is shown in Figure 4. Table 1 highlights the new copper‐gold rock sample results from Area A.
Table 1. New surface sampling results from Area A in this release
Sample type No. of Samples Length m Cu % Au g/t Ag g/t
Trench 1 1.8 0.11 0.18 1.8
Trench 1 2.0 0.14 0.71 3.2
Trench 2 4.0 0.19 3.54 5.0
Trench 1 2.0 0.38 0.18 3.8
Trench 1 2.0 0.72 0.34 3.5
Trench 1 2.0 0.11 0.03 1.7
Trench 2 4.0 0.58 1.23 16.2
Trench 1 1.0 0.14 0.04 1.3
Trench 1 0.3 2.62 0.44 32.8
Skarn vein ‐ selected 1 0.2 0.85 6.94 15.2
Skarn vein ‐ selected 1 0.2 0.91 5.96 22.0
Skarn vein ‐ selected 1 0.1 1.49 1.88 25.8
Skarn vein ‐ selected 1 0.1 1.55 7.37 28.4
Figure 1 – Location of Silvia NW and Ayawilca Projects in central Peru
Figure 2 – Area A, highlighting copper‐gold trench and rock chip results
Figure 3 – Area A, highlighting the discovery of Skarn Veins in limestone and high‐grade Cu‐Au trench results
Figure 4 – Photomicrograph of gold ‐ copper minerals in high grade sample from Area A
Notes: Au = gold. cpII = chalcopyrite. TLRs_Bi = possible tellurides with bismuth. Bmt = Bismuthinite. GGs = gangue
minerals (mostly garnet and calc‐silicates)
Notes on sampling and assaying
Trenches were dug up to a depth of 1 metre, where possible, acr oss areas of outcrop (partially w eathered) to test the grade of
skarn and adjacent limestone and intrusions. Trench samples are continuous samples collected with hammer and chisel over 1 to
2 metre intervals. In areas of sporadic outcrop, samples are t aken as semi‐continuous rock chips. Tinka believes that the tr ench
samples are representative of the outcrop and are non‐selective. Selective samples were collected across narrow mineralized
structures and are not necessary representative. Samples were bagged and labelled in the field. Samples were sent to Certimi n
laboratory in Lima where samples were dried, crushed to 90% passing 2mm, then 1 kg pulverized to 85% passing 75 microns. Gold
was analysed by fire assay on 30 g (method G0108) and multi‐element analysis by ICP using multi‐acid digestion (method G0176).
Gold assays above 10 g/t Au were re‐assayed by a high grade fire assay method and a gravimetric finish (method G0014). Copper
assays over 1% Cu were re‐assayed by atomic absorption (method G0039). Standards and blanks were not inserted by Tinka but
were inserted at the laboratory.
The Qualified Person, Dr. Graham Carman, Tinka’s President and CEO, and a Fellow of the Australasian 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
Further Information:
www.tinkaresources.com
Mariana Bermudez 1.604.685.9316
About Tinka Resources Limited
Tinka is an exploration and development company with its flagship property being the 100%‐owned Ayawilca zinc‐
silver‐tin project in central Pe ru. The Zinc Zone deposit has a n estimated Indicated Mineral Resource of 19.0 Mt @
7.15% Zn, 16.8 g/t Ag & 0.2% Pb and Inferred Mineral Resource o f 47.9 Mt @ 5.4% Zn, 20.0 g/t Ag & 0.4% Pb (dated
August 30, 2021 ‐ see news release ). The Ayawilca Tin Zone has an estimated Inferred Mineral Res ource of 8.4 Mt
grading 1.0% Sn. Tinka holds 46,000 hectares of mining claims in Central Peru, one of the largest holders of mining
claims in the belt. Tinka is actively exploring for copper‐gold skarn mineral deposits at its 100%‐owned Silvia project.
Forward Looking Statements: Certain information in this news re lease contains forward‐looking statements and forward‐looking
information within the meaning o f applicable securities laws (c ollectively "forward‐looking sta tements"). All statements, oth er
than statements of historical fact are 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 current risks, uncertainties and assumptions related to certain factors including, without limitations: timing of planned
work programs and results varying from expectations; delay in obtaining results; 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 and operating performance;
environmental and safety risks; the Company’s expectations regarding the Ayawilca Project PEA; the political environment in which
the Company operates continuing to support the development and operation of mining projects; risks related to negative publicity
w i t h r e s p e ct t o t h e C o m p a n y o r t h e m i n i n g i n d u s t r y i n g e n e r a l ; t h e t h r e a t a s s o ci a t e d w i t h o u t b r e a k s o f v i r u s e s a n d i n f e ct i o u s
diseases, including the novel CO VID‐19 virus; delays in obtaini ng or failure to obtain necessary permits and approvals from lo cal
authorities; community agreements and relations; and, other dev elopment and operating risks. Should any one or more of these
risks or uncertainties materialize, or should any underlying as sumptions prove incorrect, actual results may vary materially f rom
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 perform ance and accordingly undue reliance should not be put on such
statements due to the inherent uncertainty therein. Except as m ay be required by applicable secur ities laws, Tinka disclaims a ny
intent or obligation to update any forward‐looking statement.
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accepts responsibility for the adequacy or accuracy of this news release