Tinkaôs channel sampling confirms presence of large silver system at Colquipucro project in Peru, including 25m averaging 171
November 06 2006 - 12:41PM
PR Newswire (US)
TSXv - TK; Frankfurt - TLD; Pinksheets - TKRFF VANCOUVER, Nov. 6
/PRNewswire-FirstCall/ -- Mr. Andrew Carter, President, is pleased
to announce further results of the underground channel samples
taken from the 3870 level adit on the Company's 100% owned 2,079
hectare Colquipucro project in west-central Peru. Little is known
about the history of the property, but it is believed to have been
mined for silver in the early part of the Twentieth Century. The
Colquipucro mining district is located 190 km NE of Lima, within
the richly mineralized Zn-Pb-Ag Belt of Central Peru. The project
lies 25 km northwest of the famed Cerro de Pasco and Colquijirca
Pb-Zn-Cu mines, 35 km east of the Raura Cu-Pb-Zn-Ag mine, and 25 km
southwest of Buenaventura�?´s 150 million ounce Uchuccahacua Ag
mine. Numerous east-west trending and steeply northerly dipping
fault/breccia zones crosscut the adit at fairly regular intevals
along its length. The host rock is a banded sandstone unit of the
Chimu Formation which has been extensively fractured between the
adjacent fault zones, resulting in a series of parallel,
closely-spaced fractures resembling a stockwork texture. Surface
workings along these faults have been traced over approximately
500m in strike length to at least 300m north-south. A total of 127
samples were taken over a 245m length along the adit at regular 2m
intervals, except where either narrow high grade shear zones or
pillars occur at old workings. It appears that the mineralizing
event that produced the high grade silver mineralization along the
fault zones also produced mineralization over large widths in the
intervening host rock. Anomalous lead and zinc values occur with
the high grade silver. These faults and fractures are filled with
limonites derived from sulphides and no associated vein material,
like quartz, carbonates or barite, are observed. A summary of
significant intercepts, using a 30 g/t Ag cut-off, is shown below.
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From (m) To (m) Width (m) Average Ag (g/t)
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30 37.5 7.5 103
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58 66.6 8.6 71
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66.6 68 1.4 working
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68 88 20 70
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96 121 25 171
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121 138 17 collapse
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138 146 8 253
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Including 140 140.5 0.5 1,033
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225 229 4 153
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Including 225 225.7 0.7 439
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A program of surface trench sampling, using a diamond saw to cut
channels in the bedrock, is underway with the sample lines being up
to 300m long and spaced 100m apart. The property was just recently
visited by John Nebocat, the Company's Q.P. Fifteen samples were
also taken by Mr. Nebocat of some of the higher grade samples from
the adit for check analysis at International Plasma Labs Ltd. in
Vancouver. During this visit, another zone of interest was
discovered approximately 200m northeast of the area currently being
explored. This area contains limonite and manganese "clinker"
derived from what appears to have been fairly massive sulphides
over widths ranging from 30m to 80m. The Company's Peruvian
geological staff indicate that this type of gossan is similar to
those found in and around some of the deposits of the famous Cerro
de Pasco mining camp located to the southeast. Due to these very
encouraging results, the Company has staked an additional six
claims around the existing property. Further exploration will be
conducted on the new ground in conjunction with the detailed
sampling program being performed on the main target area. Mr.
Carter comments "We are very pleased that these new results of wide
intervals of mineralization in the intervening host rock to the
veins, further supports our belief that there is a large silver
system at Colquipucro. The newly discovered zone of interest also
expands the potential of this project". The Company's Qualified
Person, John Nebocat (P.Eng.), has visited the Colquipucro project
and has reviewed and approved the contents of this press release.
On behalf of the Board, "Andrew Carter" Andrew Carter, President
& CEO Forward Looking Statements. This Company news 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 nor the
Frankfurt Deutsche Borse have reviewed the information contained
herein, and, therefore, do not accept responsibility for the
adequacy or accuracy of this release. CONTACT: Investor information
contact: Nick L. Nicolaas at (604) 657-4058 or email: , website:
http://www.tinkaresources.com/ DATASOURCE: Tinka Resources Limited
CONTACT: Investor information contact: Nick L. Nicolaas at (604)
657-4058 or email: , website: http://www.tinkaresources.com/
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