The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

Tinka Resumes Exploration At The Chaucha Zone, Colquipucro, Peru

Tuesday, October 02, 2012

Tinka Resumes Exploration At The Chaucha Zone, Colquipucro, Peru08:45 EDT Tuesday, October 02, 2012VANCOUVER, Oct. 2, 2012 /CNW/ - Tinka Resources Limited (the "Company"), (TSXV: TK) (Frankfurt: TLD) (OTCPK: TKRFF), announces that further exploration has commenced on the Chaucha zone located about 1.2 km northeast of the Colquipucro silver resource. Exploration conducted in 2008 had identified an extensive zone of iron and manganese rich gossanous outcrops hosted by the Pucará limestone. The gossans occur as both chimneys and mantos. A follow-up program, focused on the structural interpretation of the property, determined that Chaucha occurs on the northeastern limb of a broad fold (anticline), and that it appears to be the extension of similar style mineralization observed at, and immediately below, the Clinker zone which occurs at the north end of the Colquipucro deposit.The following table is a summary of the significant surface rock sample results obtained and reported at that time (see news release October 21, 2008). Sampling was restricted to an area roughly 150 m by 150 m, but this is not the limit to the prospective area. A large northwest-southeast trending fault truncates the Chaucha showing. Abundant gypsum and anhydrite alteration occurs along the fault trace over a strike length in excess of 1 km. The footwall of this fault (NE-side) appears to be entirely within the Pucará limestones, but much of it is hidden by the gypsum veining/alteration.In addition, a soil sampling survey conducted in 2008, extending from Colquipucro northwards to the Chaucha zone, yielded wide areas of anomalous zinc, lead and silver. These anomalous areas will also be explored in detail.Width (m)Silver (g/t)Zinc (%)13.0251.6including 4.0352.28.41554.09.5111.33.2281.2The Company's focus during 2007/2008 was exploring the sandstone-hosted silver resource at Colquipucro; thus Chaucha, and other showings on the property, received little attention. Since the discovery of unoxidised massive and semi-massive sulphides (zinc, lead) at depth along the Ayawilca zone, the Company has decided to re-evaluate and further explore Chaucha and other potentially significant base metal targets on the property.The Company's Qualified Person, John Nebocat (P.Eng.), has reviewed and approved the contents of this news release.On behalf of the Board,"Andrew Carter"Andrew Carter, President & CEOForward Looking Statements This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management.  Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events.  Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release. SOURCE: Tinka Resources LimitedFor further information: Company Contact: Mariana Bermudez at (604) 699 0202 or email: mbermudez@chasemgt.com website:  www.tinkaresources.comInvestor Information Contact: Bay Street Connect Michael D'Amico Tel:   1.647.500.6023 Email: michael@baystreetconnect.com