Tinka Resrcs Ltd Stock Price, News & Analysis

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.

Tinka Resources Limited (TSXV:TK)(OTCQB:TKRFF) has launched a resource extension and exploration drill program at its wholly-owned Ayawilca project in Peru. The program aims for up to 10,000 metres of drilling to enhance Zinc Zone resources and explore the Tin Zone. Key highlights include an Indicated Mineral resource of 19 million tonnes at 7.2% zinc and Inferred resources of 47.9 million tonnes at 5.4% zinc. The ongoing metallurgical tests are focusing on optimizing tin extraction. The program is expected to complete around 25 to 30 drill holes over approximately six months.

Tinka Resources Limited (OTCQB:TKRFF) has successfully closed a strategic private placement financing, raising C$11.12 million by issuing 50,563,210 common shares at C$0.22 each. Major participants include Nexa Resources, increasing its stake to 18.2%, and Buenaventura, whose holdings rose to 19.3%. Proceeds will primarily fund the Ayawilca project’s exploration and development, as well as ongoing operations at the Silvia project. The placement is pending final approval from the TSX Venture Exchange.

Tinka Resources Limited (TKRFF) has entered into an equity subscription agreement with Nexa Resources S.A., raising C$11.12 million through a private placement. Nexa will acquire 40.8 million shares at C$0.22 each, increasing its stake from 9% to 18.2%. Buenaventura, also participating, will invest C$2.15 million for shares, maintaining its 19.3% ownership. Proceeds will finance the Ayawilca project and early-stage exploration of the Silvia project. The agreement strengthens Tinka's strategic positioning in the zinc sector amid growing demand.

Tinka Resources Limited (OTCQB:TKRFF) held its Annual and Special Meeting of Shareholders on April 28, 2022, with 161,983,607 shares represented, totaling 47.54% of outstanding shares. Key outcomes included:

• Board size fixed at six members.
• Adoption of a new stock option plan granting options up to 10% of issued shares.
• Appointment of D&H Group LLP as auditors.

Directors re-elected included Ben McKeown, Graham Carman, and others.

Tinka Resources Limited (OTCQB: TKRFF) announced a significant exploration update for its projects in Peru. The Silvia NW copper-gold project has revealed high-grade copper-gold veins, expanding mineralization to a footprint of 550m by 400m. Sampling returned grades of up to 1.1% copper and 7.9 g/t gold. Concurrently, Tinka plans a resource extension drill program at the Ayawilca zinc-silver project, which is poised to become a top-10 global zinc producer. The company is preparing for an Environmental Impact Declaration to facilitate drilling at Silvia NW.