Tinka Resources Limited reports developments for a mineral exploration and development company focused on base and precious metals projects. Its recurring updates center on the Ayawilca zinc-silver-tin project in Peru, including mineral resource and technical-report matters, the Colquipucro silver deposit, and a separate tin resource.
Company news also covers exploration at the Silvia gold-copper property in Peru, including drilling, assays, permitting and skarn-style mineralization, as well as Tinka's minority carried interest and technical role at the Huwaymidan gold project in Saudi Arabia. Other recurring announcements include OTC market status, market-making arrangements, governance communications and statements on market activity.
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.
Tinka Resources Limited (OTCQB:TKRFF) has filed a National Instrument 43-101 Technical Report on the Ayawilca Polymetallic Project in Peru. This report, prepared by Mining Plus Peru S.A.C. and other consultants, supports previous news releases from September and October 2021. There are no material differences in this report. The Ayawilca project features a significant mineral resource, including an estimated Indicated Mineral Resource of 19.0 million tonnes with notable zinc and silver grades. The report is available on SEDAR and Tinka's website.
Tinka Resources Limited (TKRFF) announced promising trench results from the Silvia NW project, revealing high-grade gold and copper mineralization. Key highlights include 46 meters at 1.9 g/t gold and 0.8% copper, with peak values reaching 22.5 g/t gold and 2.5% copper. The mineralization suggests potential for further exploration beneath shallow cover. The Silvia Project covers 460 km2 in central Peru, and Tinka aims to expand exploration while concurrently advancing its flagship Ayawilca zinc-silver project.
Tinka Resources Limited has announced positive results from an updated Preliminary Economic Assessment (PEA) for its Ayawilca Zinc Zone project in Peru. The PEA indicates an after-tax NPV8% of US$433 million and an IRR of 31.9% at a zinc price of US$1.20/lb, with potential upside at current prices, increasing NPV8% to US$785 million. Initial Capex is US$264 million, with an average annual production of 155,000 tonnes of zinc. The project emphasizes minimal environmental impact, using dry-stack tailings.
Tinka Resources Limited (TKRFF) announced high-grade copper-gold surface sampling results from the Silvia NW target in Peru. The sampling covered a 400m x 100m area, yielding an average of 0.79% copper and 0.60 g/t gold, with some samples reaching up to 12.31% copper and 18.60 g/t gold. The site is part of the company's 100%-owned Silvia Project, located near its Ayawilca project. Exploration continues in multiple areas, indicating significant potential for a large mineral deposit. The company is also advancing its Ayawilca zinc-silver project, with a Preliminary Economic Assessment announcement expected soon.
Tinka Resources Limited (TSXV:TK, OTCQB:TKRFF) announced an updated Mineral Resource estimate for its Ayawilca project in Peru. The Indicated Zinc Zone now boasts 19 million tonnes with a grade of 7.2% zinc, containing 3 billion pounds of zinc, a 68% increase from the previous estimate. The Inferred Zinc Zone holds 47.9 million tonnes at 5.4% zinc, with 5.7 billion pounds of zinc. The Tin Zone's Inferred resources increased to 8.4 million tonnes at 1.0% tin. The company has $13 million in cash and no debt, indicating strong financial positioning for future developments.
Tinka Resources Limited (OTCQB:TKRFF) has signed a definitive agreement with BHP to acquire the Silvia Project, consisting of 29,500 hectares of mining concessions located in central Peru. This acquisition enhances Tinka's landholdings to over 46,000 hectares adjacent to its Ayawilca project. The Silvia Project is considered highly prospective for copper, gold, and zinc deposits. Tinka plans to conduct exploration at the Silvia Project while progressing on the Ayawilca project.
Tinka Resources Limited has upgraded its listing from the OTC Pink Open Market to the OTCQB Venture Market as of March 29, 2021. The company's shares will continue to trade under the ticker symbol TKRFF. This move is expected to enhance accessibility and liquidity for U.S. investors, providing easier trading and real-time quotes. Tinka's flagship project is the Ayawilca zinc-silver project in Peru, which has significant indicated and inferred resources. The shift to OTCQB aligns with Tinka's commitment to transparency and is anticipated to attract more investors.
Tinka Resources Limited (OTCPK:TKRFF) has announced that Nexa Resources S.A., a leading zinc producer, acquired 29,895,754 common shares of Tinka in a private transaction for C$0.26 each, representing a 13% premium over the previous closing price. Nexa now holds approximately 8.8% of Tinka's shares. Both companies view this acquisition as a strong endorsement of Tinka's Ayawilca zinc-silver project, which has significant development potential. This strategic partnership is expected to enhance value for stakeholders.