Tinka getting ready to roll:
Tinka stakes 1,200 more hectares in Peru
2005-08-24 16:45 ET - News Release
Mr. Andrew Carter reports
TINKA STAKES MORE GROUND AT LUMINARIA PROJECT IN PERU
Tinka Resources Ltd. has staked a further 1,200 hectares at the Luminaria project located in the Huaraz mining district, department of Ancash, Peru, comprising two claims. This brings the total area now held by the company at Luminaria to 5,500 hectares. These new claims, as were the original Luminaria claims, have been acquired by Tinka through the exploration alliance with Sierra Peru Pty. Ltd. announced in Stockwatch June 1, 2004.
One of the claims, which totals 400 hectares, lies along the southwestern boundary of the existing Luminaria claims and overlies the same sedimentary rock sequence that is the focus of exploration at Luminaria. Historical data, held by Sierra Peru, shows rock chip grab samples that include 2.1 grams per tonne (g/t) Au and 0.87 g/t Au. No work in this new area has been undertaken by Tinka and these results have yet to be verified. The second claim, which totals 800 hectares, lies north and northeast of the company's existing Luminaria claims. No new work has been undertaken by the company in this area.
As previously reported, an induced polarization and magnetic geophysical program at Luminaria has been completed and the data have delineated three large discrete bodies of high chargeability in the northern sector and a highly resistive body in the southern part of the survey. A diamond drill program for a minimum of 1,000 metres, and a minimum of six drill holes will target the bodies identified by the geophysical program along with the anomalous gold areas previously reported. The company is currently applying for the necessary drill permits and the program is expected to commence late September.
The company's qualified person, John Nebocat, PEng, has visited the property and conducted reconnaissance exploration in the core area of the claims, and has verified the contents of this news release.
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