Tinka Resources Limited (CVE:TK) (OTCPINK:TKRFF) is reactivating its exploration program at its Ayawilca property in Peru after the country’s government lifted restrictions in place as part of the coronavirus pandemic.
Last week the Peruvian government initiated Phase 2 of its economic reactivation plan, which includes mineral activities.
Vancouver-based Tinka submitted a coronavirus health and monitoring protocol to the Ministry of Health, allowing it to recommence exploration at any time, the company said in a statement Tuesday.
CEO Graham Carman told shareholders that the company was “pleased” to receive the go-ahead to restart exploration from Peruvian authorities, but promised to take a cautious approach that will minimize any health and safety risks to employees.
“The safety of our employees and their families and our nearby communities remains our highest priority,” Carman said in a statement.
The next phase of the drill program at Ayawilca is planned to start in August and continue until December. The program is expected to include at least 7,000 metres of infill and step-out drilling, with a focus on growing and upgrading the high-grade zinc-silver resources at the West and South zones.
“Our geological team has interpreted new drill targets along the Colquipucro Fault, an important structure which hosts mineralization along a 4 kilometre trend, which will be a focus in the drill program,” Carman said.
The CEO added that Tinka remains well funded following the strategic investment by Buenaventura and Sentient in January 2020.
Ayawilca is located in the zinc-lead-silver belt of central Peru, 200 kilometres northeast of Lima. The Ayawilca Zinc Zone contains 11.7 million tons of indicated resources grading 6.9% zinc, 15 grams per ton (g/t) silver, 0.2% lead and 84 g/t indium along with 45 million tons inferred resources grading 5.6% zinc, 17 g/t silver, 0.2% lead and 67 g/t indium.
Contact Angela at email@example.com
Follow her on Twitter @AHarmantas