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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (28104)	4/4/2017 5:14:07 PM
From: Goose94	Read Replies (1) \| Respond to of 202923

TK-V new 52 week high, 75 cents

To: Goose94 who wrote (28104)	4/6/2017 5:08:30 PM
From: Goose94	Read Replies (2) \| Respond to of 202923

Tinka Resources (TK-V) surges on zinc discovery in Peru Tinka Resources is riding revitalized zinc markets following a high-grade discovery at its Ayawilca property 300 km east of Lima, Peru. In early April, the company released assays from what it describes as the “best adjacent mineralized holes ever drilled” at the project. Tinka has been working on Ayawilca since 2004, after originally identifying the property due to its silver prospectivity. The company spent much of 2016 awaiting new three-year drill permits for the project after expanding its project boundaries. Ayawilca appears to have been worth the wait. On April 4th, Tinka reported that hole A17-056 cut 52 metres averaging 10.1% zinc, 62 grams silver per tonne, and 233 grams indium per tonne from 242 metres depth. The intercept features a higher-grade sub-section that runs 14.9 metres of 20.6% zinc, 152 grams silver, and 441 grams indium. “We actually added to our property package last year following the geophysics because we saw the opportunity to expand our targets based on magnetics. Much of last year was a question of engaging in the regulatory process for this drill program, since we’re looking at areas we hadn’t touched previously,” explains president and CEO Graham Carman by phone from Toronto. “The fundamentals for zinc are looking very good, and I think that’s mainly influenced by supply declines based on major mines shutting down. There’s just very few zinc projects at this stage out there. We think we have one of the up-and-coming stories in the space,” he adds. Tinka announced a maiden resource at Ayawilca in mid-2016 that includes 18.8 million tonnes of 5.9% zinc, 0.2% lead, 15 grams silver and 74 grams indium. The contained metal totals 2.4 million lbs. zinc, 82 millions lb. lead, 3 million lbs. indium, and 9 million oz. silver. The resource database incorporates 74 drill holes over 27,248 metres. The company closed the final tranche of an $11-million private placement in mid-November, when it issued roughly 55 million shares priced at 20¢ each. Over the past few years, Tinka has added a material institutional component to its shareholder base. Australian private-equity firm The Sentient Group holds a 20% position, while JP Morgan maintains a 7.3% equity stake and the World Bank’s International Finance Corporation (IFC) holds a 14% position. “We stepped out from our existing resource into a brand new area. The targeting was based on geophysics we completed last year, and we’ve intersected thick, high-grade zones of zinc,” Carman continues. “It’s obviously very early days, but we believe this discovery has serious potential. You simply don’t see these types of grade at that thickness on earlier-stage projects. And the geophysics we’ve put together indicates really promising size potential,” he elaborates. Ayawilca is modeled as carbonate-hosted replacement deposit (CRD) with zinc sulphide (sphalerite) occurring in multiple generations as semi-massive sulphide replacements of limestone together with other — mostly iron — sulphides. The deposit is made up of multiple, gently dipping sulphide lenses, or “mantos,” generally with vertical thicknesses of between 10 metres and 30 metres within three areas, namely: the West, Central, and East. West Ayawilca is suspected to have form a vertical “chimney” up to 200 metres thick, comprised of several thick mantos. Tinka recently kick-started a 10,000-metre drill program that will focus on West Ayawilca, as well as the Zone 3 and Chaucha areas. The company generated its targets based on results from a helicopter magnetic survey covering around 150 sq. km of mineral claims. Tinka’s coincident soil and geophysical samples reportedly identify a prospective 5-km magnetic trend. “The objective right now is to effectively increase the grade at the project, but also to look at target opportunities that might allow us to double the size of the resource,” Carman comments. “We’ve already got two drill rigs turning and a third rig on the way. There’s a lot of work left to be done, but we’re hoping this discovery could be a game changer for us. It’s a very encouraging start, but the key is to define the scale here, and see if we can merge the discovery with existing resources. I expect we’ll have a fourth drill rig on the property shortly to follow-up on some of the other targets we’ve generated,” he adds. The company maintains 206 million shares outstanding for a $190 million press-time market capitalization, and reported roughly $11 million in cash at press time. “It had been that real tough market, and it’s great to see results like this generating a positive response. I don’t know if we’d have caught this type of attention even six months ago,” Carman concludes.