While the market still doesn’t care too much about zinc, Tinka Resources (TK.V) continues to work on its infill and resource expansion drill program on its flagship Ayawilca project in Peru and we should expect the company to gradually release assay results.
Tinka released the results from a few holes during PDAC last month and hole A23-212 had some pretty impressive results. The drill bit intersected in excess of 145 meters at an average grade of 109% zinc from a depth of 158 meters downhole. This good grade over an excellent width was fueled by some narrower (but still very strong) zones with very high-grade zin mineralization like 29.3 meters containing 20.2% zinc and 3.6 meters containing 35% zinc. This hole was drilled close to hole A22-202 which encountered 10.4 meters of 42% zinc within a 39 meter interval with an average grade of 20% zinc.
And as you can see in the image above, most of the other holes intersected very interesting layers of mineralization as well. Also important (especially for the 145 meter thick interval) is that the true thickness is estimated at 70% of the reported width. The drill program will consist of approximately 11,000 meters and we can expect to see assay results being released between now and the end of this quarter.
Disclosure: The author has a small long position in Tinka Resources. Please read our disclaimer.
