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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: 0.165 CAD

Market: TSX-V
Market Cap: $56.22 m

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Tinka Resources CEO thrilled to be back drilling in Peru

Tinka Resources Limited's (CVE:TK) (OTCPINK:TKRFF) Graham Carman speaks to Proactive's Andrew Scott after announcing they're back drilling at their flagship Ayawilca zinc-silver project in Peru. The work is aimed at converting inferred resources into higher confidence indicated ounces and also...

2 weeks, 2 days ago

2 min read