Tinka Resources Ltd.'s initial drill efforts at the South Ayawilca zone at its Ayawilca property in Peru intersected two zones of significant zinc mineralization.
The company said April 3 that the first two drill holes of its 10,000-meter drill program returned a highlight of 51.9 meters grading 10.1% zinc, 62 g/t of silver and 233 g/t of indium from a depth of 242 meters.
Tinka reported initial results from the first 238 meters of the drill hole earlier in March, including a highlight of 62.4 meters at 5.6% zinc from 127.5 meters.
The second of the two drill holes returned a highlight of 15.3 meters grading 20.0% zinc, 2.5% lead, 102 g/t of silver and 263 g/t of indium from 264 meters.
"These two holes are undoubtedly the best adjacent mineralized holes ever drilled at Ayawilca," Graham Carman, the company's president and CEO, commented. "The intercepts in these holes are between 60 and 100 meters apart, and we interpret two mineralized bodies gently dipping to the south, formed by replacement of the host sequence, and remaining open in all directions."
The company is planning to mobilize a third drill rig to the site this week to accelerate the program, which has experienced delays due to heavy rains. A fourth rig will be mobilized in late April to test the Zone 3 area, located 2 kilometers to the east of current drilling.