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Tinka Resources releases positive PEA for Ayawilca Zinc Project

Tinka Resources Limited (CVE:TK) chief executive officer Graham Carman updates Proactive Investors on positive results from the Preliminary Economic Assessment for its Ayawilca Zinc Zone project in central Peru.

Carman says the company was very pleased with the long-awaited results based on a mid-sized underground mining case of 5,000 tonnes per day and relatively modest initial capital.

“This is a fantastic result with $363 million NPV at 8% discount and an IRR of 27% which we believe is a robust project,” he says.

The project is based in one of the world’s most prolific polymetallic belts and is among the best new zinc development projects in the Americas.

Quick facts: Tinka Resources Limited

Price: 0.27 CAD

Market: TSX-V
Market Cap: $92 m

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Tinka Resources sees strong results from recent drilling at Ayawilca Project...

Tinka Resources (CVE: TK- OTC: TKRFF) CEO Graham Carman joined Steve Darling from Proactive to bring the latest drill results from their Ayawilca Project in Peru. These results part of a 7000-metre program. Carman telling Proactive some of the results and what this tells them about where they...

3 weeks, 6 days ago

2 min read