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Tinka Resources Limited (TK) is a Canadian exploration and development company focused on its flagship Ayawilca zinc-silver-tin project in Peru. The company recently announced the results of an updated Preliminary Economic Assessment (PEA) that showcases the project's potential as a top-tier global zinc producer. With robust project economics, including an after-tax NPV@8% of US$434 million and an after-tax IRR of 25.9%, Ayawilca is positioned as a significant asset in the zinc market. The PEA outlines a 21-year operation processing 2 million tonnes of silver, zinc, and lead annually, with an additional tin component for 15 years at a rate of 0.3 million tonnes per year. Tinka is committed to advancing the project and unlocking its full value through ongoing exploration and development activities.
Tinka Resources Limited (OTCQB:TKRFF) reported the results of its Annual General Meeting (AGM) held on March 28, 2023. A total of 229,923,010 common shares, representing 58.76% of outstanding shares, were represented. Shareholders approved all resolutions, including the re-election of directors and the appointment of D&H Group LLP as auditors for the year. Notably, the Board re-appointed key positions with Graham Carman as President and CEO. Tinka's flagship property, the Ayawilca project in Peru, has significant mineral resources estimated at 19.0 Mt @ 7.15% Zn and more, showcasing Tinka's exploration potential.
Tinka Resources Limited (TSXV:TK)(OTCQB:TKRFF) has announced results from six drill holes at its Ayawilca project in Peru, showing promising intersections of high-grade zinc. Hole A23-212 revealed a remarkable 145.2 metres grading 10.9% zinc, with sections exceeding 20% zinc. The company's ongoing drill program aims to expand resource estimates, with about 10,000 metres drilled so far and more to come until April. Dr. Graham Carman, President and CEO, emphasizes the continuity of high-grade mineralization, crucial for future mining plans. This positive development positions Tinka favorably as it advances towards potential project development.
Tinka Resources Limited (OTCQB:TKRFF) has announced strong results from four new drill holes at its Ayawilca zinc project in Peru, reinforcing their geological model. Highlights include hole A22-207, which reported 5.9 meters at 24.0% zinc and 132.5 meters at 6.8% zinc. The ongoing drill program has reached approximately 8,200 meters, with 17 holes reported so far. The program, now extended to 11,000 meters, aims to enhance resource definition and expansion at both South and West Ayawilca. With two rigs operating continuously, the project is on track for further results expected by April 2023, following previously impressive intercepts.
Tinka Resources Limited (OTCQB: TKRFF) announced impressive results from its ongoing drill program at the Ayawilca zinc project in Peru, highlighting Hole A22-202 which showcased a record intercept of 38.9 meters at 20.0% zinc, including 10.4 meters at 42.0% zinc. In total, the drill program has been expanded to 11,000 meters with ongoing work targeting high-grade zinc mineralization. The company has completed about 7,000 meters of drilling, with several holes already yielding significant results. The drill program is expected to continue without interruption until April 2023.
Tinka Resources Limited (TKRFF) reported promising drill results from its ongoing 2022 drilling program at the Ayawilca project in Peru, focusing on zinc and tin-copper mineralization. Key highlights include:
- High-grade zinc results from hole A22-195, showing 6 metres at 18.8% zinc, expected to extend the Zinc Zone resource.
- Hole A22-190 intersects 32 metres of tin-copper mineralization, confirming continuity with past results.
- Future drilling aims to expand measured and indicated zinc resources.
The company plans at least 10-12 additional drill holes in this program.
Tinka Resources Limited (OTCQB: TKRFF) has granted stock options to directors, officers, and consultants totaling 5,750,000 shares at an exercise price of $0.25 per share. This grant is part of the Company's Stock Option Plan and is valid for four years. Tinka's flagship project is the Ayawilca zinc-silver-tin project in Peru, boasting a substantial indicated mineral resource of 19.0 Mt @ 7.15% Zn. Tinka also holds extensive mining claims in Central Peru, enhancing its exploration capabilities.
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