Tinka Resources announced today 10.4 metre grading at 44% zinc at its Ayawilca project in central Peru.
The company released assay results for seven recent holes from its ongoing resource step-out drill program. The results sent Tinka stock (CVE: TK) up 36% to 58 cents a share.
Tinka’s CEO, Graham Carman, commented on the results in a news release.
“The exceptional zinc grade in hole A18-129 is very exciting as it confirms Ayawilca mineralization can be very high-grade, while a repetition of the favourable Pucara limestone opens up a new exploration target at depth and also down-plunge of the new intercept,” says Carman.
“Previously, it was thought that the phyllite metamorphic rock represents a ‘floor’ to the zinc mineralization. Past drill holes were typically stopped a few metres into the phyllite, and some holes at Ayawilca may have been stopped prematurely.”
Source: Mining.com
