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Tinka Resources Ltd V.TK

Alternate Symbol(s):  TKRFF

Tinka Resources Limited is a Canada-based exploration and development company. The Company is engaged in the acquisition and exploration of mineral properties located in Peru. The Company’s flagship property is Ayawilca Zinc-Silver-tin project, located 200 kilometers (km) northeast of Lima, in the Pasco region of central Peru. The Ayawilca Zinc-Silver project is located 40 km northwest of the Cerro de Pasco mine (copper-zinc-lead-silver), and 100 km south of the giant Antamina mine (copper-zinc). Its Silvia Project consists of 16 granted concessions for 10,906 hectares, located in the Department of Huanuco in central Peru. The project lies approximately 80 km south and along strike of Antamina. The Company has also granted with two mining concessions totaling 1,200 hectares, namely Pampahuasi Property. The Colquipucro silver Zone is located 1.5 km north of the Ayawilca Zinc Zone.


TSXV:TK - Post by User

Bullboard Posts
Post by psj567on Oct 01, 2016 10:46am
168 Views
Post# 25298219

Tinka is an Excellent Zinc Exploration Project

Tinka is an Excellent Zinc Exploration ProjectWhile I am new to this board, I have been investing in Venture Exchange companies for the better part of two decades. TK is likely to double its existing Zinc resource with the high grade areas it will be drilling in Q-4, 2016, and the resource is between 100 and 400 meters from surface. TK's land package is district scale. It will probably receive its EIA permit this upcoming week and the drill permit will follow by early November. There is a good deal of institutional support for Zinc plays in Toronto and Tinka will not have any problem raising the requisite $5-8 million in a financing with institutional shareholders ---and Sentient Group and IFC will probably maintain their combined one-third ownership in the company by participating as well. TK is getting no credit from the market for either its tin or silver resources, both of which have the potential to be quite significant. This is the type of project that a producer would acquire well before any PEA is necessary. TK at this stage is similar to Reservoir Minerals when it made its blind copper discovery in Serbia that took RMC from 0.60 to a $9.30 buy-out by Nevsun. This round of drilling should establish TK as a world class Zinc discovery. It's current approximate $30 million market cap makes it one of the best value plays in the junior resource sector. 
Bullboard Posts