#1305 - 1090 WEST GEORGIA STREET VANCOUVER, B.C. V6E 3V7
Tel: (604) 685 9316 Fax (604) 683 1585
Website: www.tinkaresources.com
TSXV - TK; Frankfurt - TLD; Pinksheets - TKRFF
NEWS RELEASE October 2, 2012 Tinka Resumes Exploration At The Chaucha Zone, Colquipucro, Peru Vancouver, Canada - 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 (%) |
13.0 | 25 | 1.6 |
including 4.0 | 35 | 2.2 |
8.4 | 155 | 4.0 |
9.5 | 11 | 1.3 |
3.2 | 28 | 1.2 |
The 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.
2
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 & CEO
Mariana Bermudez at (604) 699 0202 or email:
website: www.tinkaresources.com
Investor Information Contact: Bay Street ConnectMichael D'Amico
Tel: 1.647.500.6023
Email: michael@baystreetconnect.com
Forward 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, sea- sonality, 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.
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