Tinka Resources has been granted permission to start drilling activities at its flagship property the Ayawilca Zinc Project by Peru's Ministry of Energy and Mines.
A drilling contractor is now mobilising from Lima to the site. Diamond drilling is expected to start on 15 February.
Tinka Resources president and CEO Dr Graham Carman said: “We are very pleased to commence our 2017 drill programme at Ayawilca, which will focus on the discovery of additional high-grade zinc mineralization beyond the existing resource boundaries.
“Going forward, Tinka has a minimum three-year window to advance the project under the conditions of the EIA.
“Ayawilca is already a significant zinc resource, and we intend to advance the project as quickly and efficiently as possible through an aggressive step-out drill programme throughout 2017.”
He also stated: “Phase I of the drill programme will target extensions of the highest grade and thickest parts of the existing zinc zone resource at West Ayawilca. Mineralisation there remains open to the south and west.
“Phase II of the drill programme will target the Zone 3 and Chaucha areas, which are two of our highest priority anomalies outside of the resource footprint. This second drilling phase is expected to commence in April 2017, when at least one additional drill rig will be deployed at the project.”
“We look forward to providing updates on drill results as the programme progresses. We expect the drill programme to continue until at least July 2017.”
The drilling programme will target the newly permitted areas to expand the zinc zone mineralisation.
In the initial stages, the drill programme will use one rig. The second rig is expected to be mobilised in April.
The programme is also expected to test new zinc targets identified through recent geophysical and geochemical activities.
The Ayawilca Property lies within the zinc-lead-silver belt in the central Peru.
Tinka Resources owns 100% interest in this project.
Image: Drilling at Ayawilca Zinc Project. Photo: courtesy of Tinka Resources.