Tinka Resources Limited (TSX-V: TK), Vancouver, junior mining company dedicated to the exploration of polymetallic deposits in Peru, informed that it has intercepted 12.8% of zinc over 14.4 meters at its Ayawilca zinc project, located in Pasco.
The result is part of a 15,000m drilling program, focused on expanding the mineralized area, discovering new areas of zinc and adding more resources to the project. Ayawilca hosts inferred resources of 17.7 billion pounds of zinc, 909,000kg of indium, 5.8 million ounces of silver and 55 million pounds of lead.
Approximately 25-30 holes have been planned for the rst half of 2018, after which a Preliminary Economic Assessment (PEA) will be published late this year”, the company said.
…and closes C$16.2 private placement to nance the exploration
Tinka added that it has closed a private placement for C$16’239,496 with the International Finance and Sentient Global Resources Fund IV, LP. The placement is made up of 5 million shares at C$0.48, equivalent to C$2’409,600. The raised money will be used to nance exploration at Ayawilca.