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Tinka Drills 60 Metres of 109 g/t Ag and 10 Metres of 232 g/t Ag at Colquipucro Project, Peru

May 23 2013 12:00AM

Marketwire

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VANCOUVER, CANADA -- (Marketwired) -- 05/23/13 -- Tinka Resources Limited (the "Company"), (TSX VENTURE: TK) (FRANKFURT: TLD) (PINKSHEETS: TKRFF), announces the results from holes CDD-28, CDD-29 and CDD-30 at the Company's 100-percent owned Colquipucro project, west-central Peru. These are part of a series of in-fill holes designed to both increase the resource base and upgrade the resource from the inferred to the indicated category.

Mr Carter said: "We continue to be pleased with these results as they demonstrate the continuity of silver mineralization at Colquipucro. The presence of increasing zinc and lead mineralization in the lower section of these holes is a positive addition. Infill drilling is continuing on site and will include drilling to the west of the resource."

The holes intercepted fractured, oxidized sandstone and siltstone of the Gollyar group and progressed into the underlying sedimentary breccia, greywacke siltstone and limestone of the Oyon group. The southerly directed holes intercepted the high grade veins/faults/gossan zones within the sandstone roughly perpendicular to the dip of the hole, more or less intersecting their true thickness, while the vertical hole intercepted the high grade structures (where present) at a shallow angle up to 45 degrees, hence, the intercept would be wider than the true thickness. The fracture-controlled mineralization between the high grade structures is of a "stockwork" or "porphyry" nature with fractures trending in various directions, although sub-vertical east-west trending fractures are common; thus, a "true thickness" for this style of mineralization cannot be ascertained. The orientation of the mineralization within the underlying sedimentary breccia is not clear, however, narrow zones of intense oxidation suggest that the mineralized structures in the overlying sandstone may penetrate the underlying unit. Fluidal textured sulphides in the Oyon sediments are believed to be parallel to the overlying contact (unconformity) with the Gollyar group.

Significant mineralized intervals, using a 15 g/t Ag cut-off, are shown below:

----------------------------------------------------------------------------Hole # Easting Northing Elevation Azimuth Dip Depth (m) (m) (m) (deg) (deg) (m)----------------------------------------------------------------------------CDD-28 332691 8847802 4340 180 -53 232.9------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ including----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------CDD-29 332633 8847973 4370 180 -55 226.1--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------CDD-30 332632 8847973 4370 n.a. -90 203.7--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Hole # From To Interval Ag (g/t) Pb (%) Zn (%) (m) (m) (m)----------------------------------------------------------------------------CDD-28 22 30.2 8.2 74.6 - ----------------------------------------------------------------------------- 33.1 40 6.9 27.7---------------------------------------------------------------------------- 44 59.1 15.1 52.5 - ----------------------------------------------------------------------------- 59.8 96 36.2 36.6 - ----------------------------------------------------------------------------- 98 116 18 35.5 - ----------------------------------------------------------------------------- 122 132 10 232.3 - ----------------------------------------------------------------------------- 128 132 4 521.2 - ------------------------------------------------------------------------------ 174 196 22 41.8 - 1.43---------------------------------------------------------------------------- 198 216 18 - - 1.32---------------------------------------------------------------------------- 216 226 10 39 - 0.96----------------------------------------------------------------------------CDD-29 2 26 24 41.7 - ----------------------------------------------------------------------------- 28 32 4 27.6 - ----------------------------------------------------------------------------- 36 95.7 59.7 83.1 - ----------------------------------------------------------------------------- 96.8 107.1 10.3 69.3 - ----------------------------------------------------------------------------- 107.5 114 6.5 159.7 - ----------------------------------------------------------------------------- 118 119.8 1.8 745 2.69 ----------------------------------------------------------------------------- 160.1 169.1 10 22.8 - ----------------------------------------------------------------------------- 171.9 180 8.1 35 - ----------------------------------------------------------------------------- 198 209.9 11.9 18.2 1.38 ----------------------------------------------------------------------------- 212.9 222 7.1 - 1.46 ----------------------------------------------------------------------------- 223.1 226.1 3 - 1.38 -----------------------------------------------------------------------------CDD-30 0 18 18 81.9 - ----------------------------------------------------------------------------- 20 32 12 58.8 - ----------------------------------------------------------------------------- 38 98 60 109 - ----------------------------------------------------------------------------- 102 106 4 130.9 1.34 -----------------------------------------------------------------------------



All diamond drilling has been performed using HQ diameter drill rods, reducing to NQ diameter if required. All core has been logged and split on site under the supervision of Tinka geologists with sampling done on nominal two metre intervals. All the samples have been transported by Company staff to SGS Laboratories in Lima, Peru, for ICP analyses using multi-acid digestion. Analytical standards and blanks were routinely introduced in the sample suites sent to the laboratory, and samples that exceeded their respective threshold levels for Ag, Zn and Pb were re-assayed by specific atomic absorption techniques.

The qualified person for the Company's projects, Mr. John Nebocat (P.Eng.), V.P. of Exploration for the Company, has reviewed and approved the contents of this news release.

About Tinka Resources Limited (TSX VENTURE: TK) (FRANKFURT: TLD) (PINKSHEETS: TKRFF)

Tinka is a junior resource acquisition and exploration company. Tinka's main focus is on its 100% owned Colquipucro and Ayawilca projects located in the highly mineralized silver-lead-zinc belt of Central Peru.

On behalf of the Board,

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 available to the Company's management as of the date of this news release. 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 including local communities and landholders, 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, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.



Contacts:
Tinka Resources Limited
Company Contact
Mariana Bermudez
(604) 699 0202
mbermudez@chasemgt.com
www.tinkaresources.com

Tinka Resources Limited
Investor Information Contact
Michael D'Amico
1.647.500.6023
michaeldamico@rogers.com





Source: Marketwire


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