Tinka to Recommence Exploration at Ayawilca IN PERU
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 & BVL: TK OTCPK: TKRFF
NEWS RELEASE June 9th, 2020
TINKA TO RECOMMENCE EXPLORATION AT AYAWILCA IN PERU
Vancouver, Canada – Tinka Resources Limited ( “Tinka” or the “ Company”) ( TSXV & BVL: TK )
(OTCPK: TKRFF) is pleased to provide an update on its exploration activities in Peru.
On Thursday June 4th, the Government of Peru authorized the initiation of Phase 2 of the economic reactivation
in the country in the face of the COVID-19 pandemic. Mineral e xploration is included as one of the Phase 2
activities. Tinka has submitted its COVID-19 health and monito ring protocol to the Ministry of Health, and is
now able to recommence exploration, at any time, at its Ayawilca property in the Pasco region of Central Peru.
The state of emergency in Peru is expected to continue until Ju ne 30th. As such, reactivation of exploration
activities will require additional and carefully planned logistics.
Tinka will reactivate its exploration programs at Ayawilca caut iously over the course of a period of weeks. A
gradual, cautious approach is essential to ensure our health pr otocols are functioning well and as safely as
possible, to minimize the risks of COVID-19 infections to our employees and our nearby communities.
President and CEO of Tinka, Dr. Graham Carman, stated: “ Tinka is very pleased to get the go-ahead from the
Peruvian government to recommence our exploration activities, however, we will do so cautiously to minimize
risks. The safety of our employees and their families and our nearby communities remains our highest priority.
The next phase of the drill program at Ayawilca is planned to commence in August and continue until December,
all going well. This program is expected to include at least 7,000 metres of infill and step-out drilling, with a
focus on growing and upgrading the high-grade zinc-sil ver resources at the West and South zones. Our
geological team has interpreted new drill targets along the Colquipucro Fault, an important structure which
hosts mineralization along a 4 km trend, which will be a focus in the drill program (see latest corporate
presentation here). Tinka remains well funded, following the strategic investment by Buenaventura and Sentient,
in January 2020.”
About Tinka Resources Limited
Tinka is an exploration and devel opment company with its flagship property being the 100%-owned Ayawilca
carbonate replacement deposit (CRD) located in the zinc-lead-si lver belt of central Peru, 200 kilometres
northeast of Lima. The Ayawilca Zinc Zone contains 11.7 Mt of I ndicated Resources grading 6.9% zinc, 15 g/t
silver, 0.2% lead and 84 g/t indium and 45.0 Mt Inferred Resources grading 5.6% zinc, 17 g/t silver, 0.2% lead
and 67 g/t indium. A Preliminary Economic Assessment for the A yawilca Zinc Zone was released on July 2,
2019 (see release). The Qualified Person, Dr. Graham Carman, Tinka’s President and CEO, and a Fellow of
the Australasian Institute of Mining and Metallurgy, has review ed 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
Forward Looking Statements: Certain information in this news re lease contains forward-looking statements and forward-
looking information within the meaning of applicable securities laws (collectively "forward-looking statements"). All
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statements, other than statements of historical fact are forwar d-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, uncerta inties and assumptions related to certain factors including,
without limitations: timing of pla nned drill programs and resul ts varying from expectations; delay in obtaining results;
expectations regarding the Ayawilca Project PEA; the potential impact of epidemics, pandemics or other public health
crises, including the current outbreak of the novel coronavirus known as COVID-19 on the Company’s business, operations
and financial condition; 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 in itiatives; competition and operating performance;
environmental and safety risks; delays in obtaining or failure t o o b t a i n n e c e s s a r y p e r m i t s a n d a p p r o v a l s f r o m l o c a l
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 underly ing assumptions prove incorrect, actual results may vary
materially from those described herein. Although Tinka believe s that assumptions inherent in the forward-looking
statements are reasonable, forwar d-looking statements are not g uarantees of future performance and accordingly undue
reliance should not be put on such statements due to the inhere nt uncertainty therein. Ex cept as may be required by
applicable 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