Tinka's Channel Sampling Confirms Presence of Large Silver System at Colquipucro Project in Peru, Including 25m Averaging 171 g/t Silver
Vancouver, Canada, November 7 (ots/PRNewswire)
- TSXv - TK; Frankfurt - TLD; Pinksheets - TKRFF
Mr. Andrew Carter, President, is pleased to announce further results of the underground channel samples taken from the 3870 level adit on the Company's 100% owned 2,079 hectare Colquipucro project in west-central Peru. Little is known about the history of the property, but it is believed to have been mined for silver in the early part of the Twentieth Century. The Colquipucro mining district is located 190 km NE of Lima, within the richly mineralised Zn-Pb-Ag Belt of Central Peru. The project lies 25 km northwest of the famed Cerro de Pasco and Colquijirca Pb-Zn-Cu mines, 35 km east of the Raura Cu-Pb-Zn-Ag mine, and 25 km southwest of Buenaventura's 150 million ounce Uchuccahacua Ag mine.
Numerous east-west trending and steeply northerly dipping fault/breccia zones crosscut the adit at fairly regular intervals along its length. The host rock is a banded sandstone unit of the Chimu Formation which has been extensively fractured between the adjacent fault zones, resulting in a series of parallel, closely-spaced fractures resembling a stockwork texture. Surface workings along these faults have been traced over approximately 500m in strike length to at least 300m north-south.
A total of 127 samples were taken over a 245m length along the adit at regular 2m intervals, except where either narrow high grade shear zones or pillars occur at old workings. It appears that the mineralising event that produced the high grade silver mineralisation along the fault zones also produced mineralisation over large widths in the intervening host rock. Anomalous lead and zinc values occur with the high grade silver. These faults and fractures are filled with limonites derived from sulphides and no associated vein material, like quartz, carbonates or barite, are observed.
A summary of significant intercepts, using a 30 g/t Ag cut-off, is shown below.
From (m) To (m) Width (m) Average Ag (g/t)
30 37.5 7.5 103
58 66.6 8.6 71
66.6 68 1.4 working
68 88 20 70
96 121 25 171
121 138 17 collapse
138 146 8 253
Including 140 140.5 0.5 1,033
225 229 4 153
Including 225 225.7 0.7 439A program of surface trench sampling, using a diamond saw to cut channels in the bedrock, is underway with the sample lines being up to 300m long and spaced 100m apart.
The property was just recently visited by John Nebocat, the Company's Q.P. Fifteen samples were also taken by Mr. Nebocat of some of the higher grade samples from the adit for check analysis at International Plasma Labs Ltd in Vancouver.
During this visit, another zone of interest was discovered approximately 200m northeast of the area currently being explored. This area contains limonite and manganese "clinker" derived from what appears to have been fairly massive sulphides over widths ranging from 30m to 80m. The Company's Peruvian geological staff indicate that this type of gossan is similar to those found in and around some of the deposits of the famous Cerro de Pasco mining camp located to the southeast.
Due to these very encouraging results, the Company has staked an additional six claims around the existing property. Further exploration will be conducted on the new ground in conjunction with the detailed sampling program being performed on the main target area.
Mr Carter comments "We are very pleased that these new results of wide intervals of mineralisation in the intervening host rock to the veins, further supports our belief that there is a large silver system at Colquipucro. The newly discovered zone of interest also expands the potential of this project".
The Company's Qualified Person, John Nebocat (P.Eng.), has visited the Colquipucro project and has reviewed and approved the contents of this press release.
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 currently available to the Company's management. 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, 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 materialise, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Neither the TSX Venture Exchange nor the Frankfurt Deutsche Börse have reviewed the information contained herein, and, therefore, do not accept responsibility for the adequacy or accuracy of this release.
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Contact:
For further information: Investor information contact: Nick L.
Nicolaas, at +1-604-657-4058, or email: nick@mininginteractive.com