Tinka Resources (TK.V) has announced new drill results from its 100% owned Ayawilca zinc project in Peru. Of interest are the intercepts of 22.8 meters of 5.8% zinc and 36 meters of 5.93% zinc. Unfortunately in those two intervals the amount of by-products is extremely low which reduces the attractiveness of the intercept. On top of that, both intercepts are located quite deep so it doesn’t look like an open pit mine would be feasible at this stage.
However, it’s encouraging to see these drill results confirm the continuous presence of a layer of zinc mineralization, and Tinka Resources now plans to continue drilling at Ayawilca (after conducting a gravity survey) in order to confirm and identify more zones of potentially economic mineralization. We will keep an eye on the developments at Ayawilca as there aren’t that many interesting zinc projects in the world.
> Click here to read the press release
Disclosure: The author holds no position in Tinka Resources. Please see our disclaimer for current positions.
