Zinc

Drilling At Zone 3 Returns 5m @ 20% Zinc; Tinka Resources Also Looking For The Source Of Ayawilca

Ayawilca project; drilling location

1. Introduction

Slowly but surely and piece by piece, Tinka Resources (TK.V, TKRFF.US) is unraveling the complex puzzle which is the Ayawilca mineralization. As they hit more mineralization at Zone 3, for example best intercept 5m @20%Zn in hole A18-111, and polymetallic mineralization in adjacent hole A18-109, drilled from the same rig location, management seems more and more convinced that the source of all mineralization might be located below or east of Zone 3. This will have implications for the drill strategy to follow, and each new drill result will help determining the geological concept. The latest drill results, coming from various locations at Ayawilca, and possible consequences for tonnage will be discussed, as well as the geological concept.

All presented tables are my own material, unless stated otherwise.

Kutcho Copper: A New And Very Robust Base Metal Developer

Kutcho project

1. Introduction

Very rarely I come across a junior that simply seems to tick almost all boxes, and it looks like new sponsor Kutcho Copper (KC.V) is doing just that. From project profitability to management, from financials to geology, from location to metal prices, it comes across as a genuine display of quality and excellence. CEO Vince Sorace certainly made the most of Capstone Mining's strategy change a few years ago not to develop relatively smaller, non-core assets, and now looking to divest assets to clean up their troubled balance sheet.

Margaux Resources: Brownfield Leverage And Blue Sky Greenfield Exploration At The Kootenay Arc

Margaux Resources: Brownfield Leverage And Blue Sky Greenfield Exploration At The Kootenay Arc  

 

Kootenay Arc; Jersey Emerald Project

1. Introduction

Every now and then certain junior mining companies succeed in consolidating a large group of claims or even multiple projects on very favorable terms, often creating very interesting continuous land packages with ongoing areas of exploration potential, greenfield and/or brownfield. This kind of transactions are usually out of the realm of larger, well known parties, as prices shoot up the second their involvement becomes apparent.

Tinka Resources: Ayawilca Resource Update Confirms Expectations; Upcoming PEA Could Surprise Markets

Ayawilca project; drilling location

1. Introduction

It is a busy and exciting time for top zinc junior Tinka Resources. Drill results are rolling in all year now, Tinka is the talk of the town at many conferences, the team got a much deserved accolade by receiving the Mining Journal "Explorer of the year 2017" award, and the company got listed on the Peruvian stock exchange (Lima Stock Exchange or BVL). I liked this move, as it made the company less dependent on for example Canadian brokers/banks to raise money in the future.

South Ayawilca Step Out Drilling Continues To Deliver Strong Results For Tinka Resources

The latest set of drill results recently released by Tinka Resources seems to further solidify Ayawilca's reputation as a Tier I zinc asset in the making. Not only confirmed hole A17-063 the thick South Ayawilca mineralization with one of the best intersections of zinc mineralization at Ayawilca to date, a world class 47.7 metres grading 11.3% zinc. Just as important was hole A17-066, which extended the strike of the South Ayawilca in eastern direction, and delivered first proof of the idea that South Ayawilca and Central Ayawilca might be connected. The hole reported 3.5 metres at 7.4 % zinc and another 5.0 metres at 11.3 % zinc at a slightly greater depth. I have colored these holes in red:

Upcoming Pegmont Resource Update Will Probably Indicate Lots Of Upside For Vendetta Mining

Pegmont; step out drilling

1. Introduction

As I have already explained before in a recent article on sponsoring company Tinka Resources, the zinc market is on the verge of a potentially huge supply deficit as several large mines have been shut down with more zinc producers to follow suit.

The uptrend in the new zinc cycle has already started when the zinc price moved from less than $0.70/lb  to a recent high of $1.32/lb, consolidating around $1.12/lb at the moment, so it is interesting to focus on interesting projects which could be brought into production in the current zinc cycle which is expected to last 2-3 years.

Tinka Resources: Ayawilca Could Grow Into A World Class Zinc Asset After Successful First Stage Of Step Out Drilling

Ayawilca project; drilling location

The extended version of this article will be published soon on www.criticalinvestor.eu

1. Introduction

When a zinc junior manages to hit 63.9m @ 5.6% Zn and 51.9m@ 10.1% Zn in the very first step out drill hole of a new exploration program, you know they could be on to something very special. Until then, the markets were largely unaware of Tinka Resources and its Ayawilca zinc project in Peru, but this changed very quickly after this, and other intercepts. They were even one of the hottest exploration stories at this year's PDAC.

After doing my due diligence, talking to management, comparing the company with peers, and calculating different scenarios, it appears to me that Tinka could become one of the best zinc juniors around, and the strong drill results so far seem to be underlining my opinion.

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