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Tinka Resources Limited | Colquipucro Project | Ayawilca Project | Management and Board | Additional Information | Company Contact

Tinka Resources Limited

Tinka Resources Limited is a junior exploration company based in Vancouver, Canada, that is developing its 100%-owned Colquipucro and Ayawilca projects in Peru. The projects are located 40 km northwest of Cerro de Pasco in the richly mineralized silver-lead-zinc belt of Central Peru, with 46 contiguous mineral tenements within an area of 9,827 hectares are located 40 km northwest of Cerro de Pasco in the richly mineralized silver–lead-zinc belt of Central Peru, Diamond drill programs are currently underway at both projects. An NI 43-101 report has estimated an Inferred Resource of 32.7 million ounces of silver at Colquipucro, while ongoing work at Ayawilca has outlined zinc-rich massive sulphide targets. With a highly experienced management team and a strong focus on community relations, the company is committed to enhancing shareholder value by advancing the development of these assets through focused and effective exploration activities.

Colquipucro Project

Mineralization is oxidized and fracture-controlled, hosted by thinly bedded sandstones.

Silver recovery ranged from 90% to 97% after leaching for 72 hours (2009).

Silver leaching kinetics were extremely fast for both composites.

Mineralogical study identified silver sulphides and sulphosalts.

Bottle roll and column leach tests done in 2012 show recoveries up to 84% and 71%, respectively, using weaker cyanide solution than used in 2009.

Ayawilca Project

The structural setting and mineralization at Ayawilca is sulphide based and currently spans an area of at least 1,200 metres by 600 metres.

Massive and semi-massive sulphide mineralization occurs in breccias, greywacke and siltstones , believed to be the Oyon formation, below the Gollyar group sandstones that host the silver mineralization at Colquipucro.

Ayawilca may have a stratigraphic relationship to breccias and conglomerates found at the Huaron Mine southwest of Cerro de Pasco.

Two IP geophysical surveys have identified a blind target east of the surface showings previously drilled, trending east-west. The anomalies remain open to the east and will be tested with a third IP survey early in 2013.

A diamond drill program is currently underway to test these IP anomalies.

Best results to date are: 70 metres of 4.8% zinc (including 19 metres of 9.0% zinc), 8 metres of 15.94% zinc and 33 g/t silver, 30 metres of 3. 49% zinc, 10 metres of 7% zinc, 20 metres of 7.1% zinc (including 14 metres of 9.6% zinc) and 18 metres of 6.6% zinc.

Management and Board

Graham Donald Carman — President, CEO and Director
Dr. Carman is a geologist with 25 years experience in mineral exploration in South America, Australia and Asia. He graduated from Victoria University of Wellington New Zealand in 1986 with a First Class B.Sc. (Hons) before moving to Australia to work as a geologist for Kennecott and BP Minerals. Dr. Carman completed a PhD at Monash University on the geology of the Lihir Island gold deposit in Papua New Guinea from 1990 -1993. For seven years from 1994 he lived in Peru assessing exploration projects for major mining companies including Rio Tinto, Savage Resources and Pasminco Ltd. He was Exploration Manager South America for Savage-Pasminco from 1997-2000 based in Lima. He was a key discovery team member of the Yanque and Accha zinc-lead discoveries in Peru (Rio Tinto, Savage), and the Bongara zinc deposit in Peru (Pasminco). From 2001 he worked with several junior Australian-based explorers including Paradigm Metals for which he remains a non-executive director. From 2012 to 2014 he was President and CEO of Darwin Resources Corp. a company with exploration projects in Peru that merged with Tinka in July 2014. He is a Fellow of the Australasian Institute of Mining and Metallurgy, and is based in Sydney Australia.

David Henstridge — Director
Mr. Henstridge holds a Bachelor of Science (Honours) degree from the University of Adelaide in Australia and professional designations from each of the Australasian Institute of Mining and Metallurgy, the Australian Institute of Geoscientists and the Geological Society of Australia. Mr. Henstridge brings over 30 years of experience in the mining industry including 20 years in managing public-listed companies. Mr. Henstridge is the President and CEO of Tumi Resources Limited and is an officer and/or director of other public-listed mineral exploration companies.

Nick DeMare — CFO, Director
Mr. DeMare, a chartered accountant, has been President of Chase Management Inc. since 1991, providing accounting, management, securities regulatory compliance and corporate secretarial services to private and public-listed companies. Mr. DeMare also serves as an officer and/or director of a number of public-listed companies.  Mr. DeMare holds a Bachelor of Commerce degree from the University of British Columbia and is a member in good standing of the Institute of Chartered Accountants of British Columbia.

William Lee — Director
Mr. Lee holds a Bachelor of Commerce degree from the University of British Columbia and has been self-employed as a financial consultant since May 2008. From January 2006 to May 2008, Mr. Lee served as CFO of Jinshan Gold Mines Inc. From July 2004 to January 2006, Mr. Lee was engaged as a business analyst for Ivanhoe Energy Inc. and Ivanhoe Mines Ltd. Mr. Lee spent nine years engaged in the practice of public accounting with Deloitte & Touche and is a member in good standing of the Institute of Chartered Accountants of British Columbia. Mr. Lee also currently serves as a director of a number of public-listed companies.

Mariana Bermudez — Corporate Secretary
Ms. Bermudez has over 19 years of experience providing administrative assistance to public-listed companies and serves as corporate secretary to various reporting issuers. Ms. Bermudez has also been a legal secretary/assistant for two Vancouver law firms.

Additional Information

Annual Audited Financial Statements

Company Contact

Corporate Secretary
Mariana Bermudez

Head Office: Suite 1305, 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Fax: 604.683.1585


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