High grade tin mineralization at Tinka's Ayawilca project
Zinc-silver miner Tinka Resources (TSXV & BVL: TK) announced yesterday tin assays from the 7,600 metre, 21-hole, 2020-2021 drill program recently completed at the Ayawilca project in central Peru.
The company highlighted a hole showing 12.0 metres @ 3.05% tin from 262.0 metres depth, including 2.0 metres @ 5.43% tinfrom 266.0 metres depth.
President and CEO of Tinka, Dr. Graham Carman, stated: “While Ayawilca is best known for its large and high-grade Zinc Zone resource, the property also hosts a Tin Zone resource which is mostly located at deeper levels along a northeastern trend away from the highest grade zinc deposit at South Ayawilca. The new discovery of tin at South Ayawilca is potentially very important as a complement to the zinc deposit, as it is the first time we have encountered such high grades of tin immediately adjacent to one of the best zones of zinc at the property, an area which would likely be prioritized in the early years of a future mining operation.”
Tin prices have been rising due to supply constraints and growing use in high tech applications.