Tinka Resources (V.TK) receives drill permit amendment approval at Colquipucro

Gaalen Engen Gaalen Engen, Stockhouse.com
0 Comments| March 19, 2014


Tinka Resources (TSX-V:TK, StockForum), a Vancouver-based junior exploration firm engaged in the acquisition and exploration of precious and base metals on Peruvian mineral properties, announced today that Peru's General Bureau of Environmental Affairs (“DGAAM”) of the Ministry of Energy and Mines (“MINEM”) approved an amendment of the company's Environmental Impact Study SD (“EIAsd”) for its drilling program at its Colquipucro silver project.

 

According to the news release, the project is located in the San Pedro de Pillao district, province of Daniel Alcides Carrion, Pasco Department, Peru and with the aforementioned amendment approval, the company is permitted to continue exploration at Colquipucro for a period of 19 months.

 

The permit also allows the company to drill an additional 34 platforms, where 19 are located within the area of silver oxide and the remaining 15 are located within an area of coincidental chargeability and magnetic anomalies to the south.

 

In other news, Tinka is also acquired a further 400 hectares at the Ayawilca zinc project which are contiguous to the existing claims to the south and contain soil samples that are anomalous in zinc and coincident with the large, regional Colquipucro fault system marking the western boundary of the Colquipucro and Ayawilca projects.

 

Tinka resources was in the news recently when the company clarified its technical disclosure on Colquipucro.

 

Shares were down 4.35% on the news to $0.44 per share.

 

Currently there are 81.0m outstanding shares with a market cap of $35.6 million.


Tags: INDUSTRIAL METALS & MINERALS

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