Tinka drills 7.8 m of 31.3% Zn, 225 g/t Ag at Ayawilca
Tinka Resources Ltd. has released assay results for seven drill holes from the continuing resource expansion and infill drill program at the Ayawilca project in Peru. Hole A20-177 intersected very high-grade vein-style zinc-silver-lead mineralization outside of the zinc resource at about 100 metres in depth. Three holes (A20-178, 177 and 175) also successfully intersected high-grade manto-style zinc mineralization at the Camp area. Hole A20-179 was an infill hole at the West area that intersected two wide zones of mineralization with better-than-expected zinc grades. The other three holes intersected extensions of zinc-rich mineralization at the South area (holes A20-176, 174 and 172). Tinka has now completed 6,500 metres of the planned 7,500 metres in the resource drilling program. Sixteen holes have been completed with two in progress (A21-185 and 186) and at least two more are planned before the end of the program. Results are now reported for half of the drill holes in the current program.
Read MoreDrill highlights
Camp area:
- Hole A20-177 19.2 metres (1) at 15.6 per cent zinc, 1.5 per cent lead and 154 grams per tonne silver from 101.1 metres in depth, including
- 1.9 metres (1) at 24.9 per cent zinc, 7.7 per cent lead and 604 g/t silver from 101.1 m depth;
- 7.8 metres (1) at 31.3 per cent zinc, 1.7 per cent lead and 225 g/t silver from 112.5 m depth;
- 34.0 metres at 7.4 per cent zinc and eight g/t silver from 290.0 m depth, including:
- 16.6 metres at 9.5 per cent zinc and 10 g/t silver from 298.3 m depth.
Hole A20-178:
- 42.1 metres at 6.3 per cent zinc and 14 g/t silver from 281.9 m depth, including:
- 20.4 metres at 9.8 per cent zinc and 15 g/t silver from 289.5 m depth, including:
- 7.9 metres at 16.7 per cent zinc and 27 g/t silver from 302.0 m depth.
- 20.4 metres at 9.8 per cent zinc and 15 g/t silver from 289.5 m depth, including:
Hole A20-175:
- 1.2 metres (1) at 43.6 per cent zinc and 212 g/t silver from 136.5 m depth;
- 16.4 metres at 4.4 per cent zinc and seven g/t silver from 235.7 m depth.
West area
Hole A20-179:
- 31.9 metres at 6.0 per cent zinc and 15 g/t silver from 224.1 m depth, including:
- 11.8 metres at 8.4 per cent zinc and 32 g/t silver from 242.0 m depth;
- 34.6 metres at 7.0 per cent zinc and six g/t silver from 270.0 m depth, including:
- 12.2 metres at 9.4 per cent zinc and five g/t silver from 276.0 m depth.
South area
Hole A20-176:
- 11.2 metres at 5.3 per cent zinc and 27 g/t silver from 336.2 m depth.
Hole A20-174:
- 1.2 metres at 10.3 per cent zinc and four g/t silver from 318.6 m depth.
Hole A20-172:
- 0.9 metre (1) at 5.9 per cent zinc, 5.3 per cent lead and 733 g/t silver from 178.7 m depth;
- 7.2 metres at 5.1 per cent zinc and 15 g/t silver from 277.2 m depth.
Mineralization is mostly associated with gently dipping sulphide mantos hosted in limestones. True thicknesses of the mantos are estimated to be at least 90 per cent of the downhole thicknesses. The intervals marked (1) are vein-style hosted by sandstones and have an unknown true thickness.
Tinka’s president and chief executive officer, Dr. Graham Carman, stated: “The 2020-[20]21 Ayawilca drill program continues to deliver high-grade zinc mineralization with significant silver credits. We are particularly excited about the very high-grade zinc-silver vein intersection in hole A20-177, one of the best grade intersections we have ever had at Ayawilca and especially attractive as it occurs at shallow depth. The vein-style mineralization was intersected at a low angle to the drill core axis so the true width of the vein is currently unknown. The thick vein is hosted in the quartz sandstone member of the Goyllar formation, which was not previously considered as a favourable host rock. The shallow nature of the mineralization (about 100 m depth) opens up the possibility for high-grade zinc-silver-lead resources much closer to surface than previously thought. We plan to follow up this vein with more drilling before the end of the current program to better define its geometry and extent.
“Drill holes at the Camp area have also discovered strong manto-style zinc mineralization outside of the current resource hosted within the limestones. Drilling is continuing currently at the South area with two rigs operating. We expect the program to be completed in February, after which time the data will be compiled for a resource and PEA update. We continue to believe that Ayawilca is perfectly positioned to take advantage of the current positive market sentiment towards base metals, and we look forward with anticipation to the results for the final half of the drill program.”
About Ayawilca
The Ayawilca zinc zone (sulphide) contains an estimated 1.8 billion pounds zinc and 5.8 million ounces silver in the indicated category, and 5.6 billion pounds zinc and 25.2 million ounces silver in the inferred category (see news release dated Nov. 26, 2018). The Colqui silver zone (oxide) contains an estimated 14.3 million ounces silver in the indicated category and 13.2 million ounces silver in the inferred category, with mineralization starting from surface.
SUMMARY OF THE LATEST RESULTS FROM THE 2020-2021 DRILL PROGRAM AT AYAWILCA
Drill hole From To Interval Zn Pb Ag In
(m) (m) (m) (%) (%) (ppm) (ppm)
A20-172 178.70 179.60 0.90 5.86 5.25 733 15
and 277.20 284.40 7.20 5.12 0.05 15 39
less
than
A20-174 318.60 319.70 1.10 10.30 0.0 14 165
A20-175 57.25 57.70 0.45 19.25 0.10 22 55
and 136.50 137.70 1.20 43.59 0.47 212 745
and 235.70 252.10 16.40 4.35 0.02 7 15
less
than
and 301.80 304.50 2.70 8.17 0.0 110 838
A20-176 336.15 347.30 11.15 5.32 0.13 27 83
A20-177 101.10 120.25 19.15 15.55 1.47 154 257
incl. 101.10 103.00 1.90 24.90 7.71 604 271
incl. 112.50 120.25 7.75 31.31 1.72 225 566
and 290.00 353.60 63.60 5.69 0.10 12 134
incl. 290.00 324.00 34.00 7.36 0.10 8 75
incl. 298.30 314.90 16.60 9.47 0.07 10 102
A20-178 281.90 324.00 42.10 6.31 0.06 14 66
incl. 289.50 309.90 20.40 9.79 0.05 15 97
incl. 302.00 309.90 7.90 16.70 0.08 27 231
less
than
A20-179 195.20 201.40 6.20 4.11 0.08 7 1
and 224.10 256.00 31.90 6.03 0.38 15 19
incl. 242.00 253.80 11.80 8.41 0.90 32 37
and 270.00 304.60 34.60 6.98 0.04 6 25
incl. 276.00 288.20 12.20 9.39 0.01 5 39
Notes on sampling and assaying
Drill holes are diamond HQ- or NQ-size core holes with recoveries generally above 80 per cent and often close to 100 per cent. The drill core is marked up, logged and photographed on site. The cores are cut in half at the company’s core storage facility, with half cores stored as a future reference. Half core is bagged on average over one- to two-metre composite intervals and sent to ALS laboratories in Lima for assay in batches. Standards and blanks are inserted by Tinka into each batch prior to departure from the core storage facilities. At the laboratory samples are dried, crushed to 100 per cent passing two millimetres, then 500 grams are pulverized for multielement analysis by ICP (inductively coupled plasma) using multiacid digestion. Samples assaying over 1 per cent zinc, lead or copper and over 100 g/t silver are reassayed using precise ore-grade AAS (atomic absorption spectroscopy) techniques.
Qualified person
Dr. Carman reviewed, verified and compiled the technical contents of this release. Dr. Carman is a fellow of the Australasian Institute of Mining and Metallurgy, and is a qualified person as defined by National Instrument 43-101.
About Tinka Resources Ltd.
Tinka is an exploration and development company with its flagship property being the 100-per-cent-owned Ayawilca zinc-silver project in central Peru. The Ayawilca zinc zone (sulphide) has an estimated indicated resource of 11.7 million tonnes grading 6.9 per cent zinc, 15 g/t silver and 0.2 per cent lead and an inferred resource of 45.0 million t grading 5.6 per cent zinc, 17 g/t silver and 0.2 per cent lead (dated Nov. 26, 2018). The Colqui silver zone (oxide) has an estimated indicated resource of 7.4 million t grading 60 g/t silver, and an inferred resource of 8.5 million t grading 48 g/t silver occurring from surface (dated May 25, 2016). A preliminary economic assessment for the Ayawilca zinc zone was released on July 2, 2019 (see release).
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© 2021 Canjex Publishing Ltd. All rights reserved.
Anaconda Mining drills 2.2 m of 4.41% Cu at Tilt Cove
Anaconda Mining Inc. has provided results from the initial stages of a continuing 10,000-metre exploration drilling program at its Tilt Cove gold project, located within the Baie Verte mining district in Newfoundland, approximately 45 kilometres by road from the company’s Pine Cove mill and long-term tailings facility.
Read MoreResults have been received for 10 holes totalling 1,641 metres from the Scarp zone targeting surface mineralization and associated geophysical anomalies over approximately one kilometre of strike length. Drilling consistently encountered strongly altered and mineralized rocks that represent the volcanogenic massive sulphide alteration system believed to be part of the same geological system that hosts the nearby, past-producing Tilt Cove mine, which mined 8.16 million tonnes of copper ore at grades ranging between 1.25 and 12.0 per cent copper as well as producing 42,425 ounces of gold. The Tilt Cove mine was active from 1864 to 1917 and again in 1957 to 1967. The extensive VMS system is locally gold-enriched, consistently hosts disseminated, stringer and semi-massive pyrite, chalcopyrite and sphalerite, including an intersection of semi-massive chalcopyrite in hole SZ-20-04.
Highlights of the drilling include intersections of both gold and copper including:
- 4.41 per cent copper over 2.2 metres (64.3 to 66.5 metres) in diamond drill hole SZ-20-04;
- 1.79 per cent copper over 3.0 metres (37.0 to 40.0 metres) in diamond drill hole SZ-20-01;
- 1.36 grams per tonne (g/t) gold over 3.0 metres (72.0 to 75.0 metres) and 0.93 g/t gold over 2.7 metres (25.5 to 28.2 metres) in diamond drill hole SZ-20-02.
“Initial drill testing of the Scarp zone has outlined a kilometre-long strike extent of a VMS system including high-grade copper mineralization and elevated levels of gold, proximal to the past-producing Tilt Cove mine. The results highlight the prospectivity of the area for base metals through the discovery of high-grade copper mineralization in this previously untested area. Our focus remains on the discovery of a high-grade gold deposit similar to the past-producing Nugget Pond mine, but we are pleased with the discovery of base metal mineralization in addition to precious metals, demonstrating the strong potential of the area. Further drilling is anticipated in this area in 2021, targeting other gold prospects both along strike and associated with the VMS alteration system. We continue to execute on the ongoing 10,000-metre Tilt Cove drill program, with drilling completed at West Pond and with two drills currently turning at the Betts Cove and Growler prospects. Results of the drilling will be released upon receipt and evaluation of related assays,” said Kevin Bullock, president and chief executive officer, Anaconda Mining.
Scarp zone drilling
The Scarp zone is characterized by more than a kilometre of exposed Nugget Pond Horizon coincident with a similar strike length consisting of 107 gold-bearing samples over 0.5 g/t gold. The area is also characterized by a strong deformation zone adjacent to the Nugget Pond Horizon which dips shallowly northwest beneath younger Silurian rocks. As part of a larger, continuing 10,000-metre drill program at Tilt Cove, the Scarp zone was tested with 1,641 metres in 10 holes (SZ-20-01 to 10) over a 1.0-kilometre strike extent, following up on surface gold mineralization indicated by coincident rock grab and float samples as well as IP chargeability anomalies.
TABLE OF SELECTED COMPOSITED GOLD ASSAYS Hole ID From (m) To (m) Interval (m) Gold (g/t) SZ-20-01 65.0 67.6 2.6 0.53 SZ-20-02 25.5 28.2 2.7 0.93 and 72.0 75.0 3.0 1.36 and 88.5 92.0 3.5 0.72 Holes SZ-20-03 to SZ-20-10 did not contain significant composited gold assays.
TABLE OF SELECTED COMPOSITED COPPER GRADES Hole ID From (m) To (m) Interval (m) Copper (%) SZ-20-04 64.3 66.5 2.2 4.41 SZ-20-01 37.0 40.0 3.0 1.79 SZ-20-02 26.0 27.0 1.0 1.29 Hole SZ-20-03 and holes SZ-20-05 to SZ-20-10 did not contain significant composited copper grades.
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president of exploration with Anaconda Mining, a qualified person under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
Mineralized intervals referred to in this press release are reported as drill intersections and are apparent widths only. True widths reported in this press release are estimated to be approximately 80 to 100 per cent of drill intervals.
All samples and the resultant composites referred to in this release were collected using QA/QC (quality assurance/quality control) protocols including the regular insertion of certified standards and blanks within each sample batch sent for analysis and completion of check assays of select samples. Diamond drill core samples were analyzed for Au at Eastern Analytical Ltd. in Springdale, Nfld., using standard fire assay (30 grams) preconcentration and atomic absorption finish methods. Copper values were determined by inductively coupled plasma (ICP) analysis along with 33 other elements at Eastern. Eastern is a fully accredited firm within the meaning of National Instrument 43-101 for provision of this service.
Note: Rock grab and float samples are selected samples and are not necessarily representative of mineralization that may be hosted on the property.
About Anaconda Mining Inc.
Anaconda is a TSX and OTCQX-listed gold mining, development and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte mining district of Newfoundland which includes the fully permitted Pine Cove mill, tailings facility and deepwater port, as well as about 15,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond mine at its Tilt Cove gold project. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade resource and the subject of a continuing feasibility study.
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© 2021 Canjex Publishing Ltd. All rights reserved.
Omineca begins drilling 2,000 m at Mouse Mountain
Omineca Mining and Metals Ltd. has commenced a 2,000-metre drill program at the Mouse Mountain project located approximately 15 kilometres due west of Omineca’s Wingdam gold project in the Cariboo mining district of south-central British Columbia. The diamond drill program is part of the option agreement (see news release dated Oct. 10, 2020) to acquire up to a 50-per-cent interest in Canalaska Uranium Ltd.’s Mouse Mountain project. The program is expected to run for 30 to 45 days.
Read MoreMouse Mountain is an alkalic Cu-Au (copper-gold) porphyry project located in the prolific northwest-southeast-trending Quesnel terrane which is immediately adjacent (west of) the similarly trending Barkerville terrane that hosts Omineca’s Wingdam gold project. Located between the nearby Mt. Milligan and Mount Polley mines within the Quesnel terrane, the project is centred on a hydrothermal system with copper-gold mineralization spread over a large area (over 1.5 kilometres along strike) associated with typical copper porphyry-style alteration. The current program is aimed at expanding the zones discovered by previous operators and Canalaska by drilling several untested targets and chargeability anomalies identified by previously conducted IP surveys, soil geochemistry and new sampling.
About Omineca Mining and Metals Ltd.
Omineca Mining and Metals’ flagship Wingdam gold exploration and placer recovery project is located along the Barkerville Highway 45 km east of the town of Quesnel. The property includes hard-rock tenures totalling over 50,000 hectares (500 square km) and in excess of 15 linear kilometres of placer claims, both encompassing the Lightning Creek valley where topographic conditions created a thick overburden which preserved a large portion of an underground channel with placer gold-bearing gravels. Omineca also has a diamond drill program currently under way exploring for the potential multiple hard rock sources of the placer gold at Wingdam.
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© 2021 Canjex Publishing Ltd. All rights reserved.
Mineral Mountain continues technical studies at Standby
Over the last few months, Mineral Mountain Resources Ltd. has significantly advanced its understanding of underlying geological controls on gold mineralization in the Rochford district and, particularly, in the vicinity of the Standby mine. This has been accomplished through recently completed and ongoing structural, stratigraphic and geochronologic studies, along with the application of innovative geochemical and multi-isotopic vectoring methods. This on-going work continues to highlight the Standby Mine as a significant exploration target with many of the architectural elements needed to host a major gold deposit.
Read MoreThe Standby Mine occurs at the intersection of a significant body of Rochford Iron Formation thickened in a synclinal fold axis with a regionally significant north-northwest-trending shear zone that guided mineralizing hydrothermal fluids from depth. Ten synclinal fold structures with a similar geometry and overall scale referred to as “ledges” contained economic gold mineralization mined at the Homestake Mine (see Figure 1 entitled Standby/Homestake Comparison posted on the Company’s website at Rochford Standby – Mineral Mountain Resources Ltd. ). The geometry of the iron formation at Standby is now understood in detail from recently acquired high resolution geophysical surveys and will aid in further subsurface drill targeting. A well-defined zone of quartz veining, carbonate-chlorite alteration and shear fabric can be traced through the Standby mine area for at least 3,650 meters (12,000 feet) on surface, and marks the position of the shear zone that appears to control mineralization in this part of the district. The long-lived structural history of this shear zone, as the evidence suggests, is an important factor in the development of a significant shear zone-hosted gold deposit. Multiple episodes of this movement are indicated by the presence of several generations of crosscutting and variably deformed quartz-carbonate veins and shallow plunging drag folds associated with oblique thrust movement along the shear zone. Compositionally unusual albitite veins have intruded the shear zone at Standby and importantly, have also been seen in the largest ledge systems in the Homestake mine and in many of the world’s significant orogenic gold camps such as in the Timmins gold district, northeastern Ontario.
Significant advances have also been made in the regional connections between the Rochford district and the spectacularly productive Lead-Homestake district to the north. Presently, the Rochford and Lead districts are only 25 kilometers apart, and significantly, at least 14 kilometers of net shear offset brings the two camps into direct juxtaposition (see Figure 2 entitled “Regional Connection: Homestake and Rochford posted on the Company’s website at Rochford Standby – Mineral Mountain Resources Ltd.). During the time of major gold mineralization in the Black Hills, the two camps were neighbors across this shear zone and it is possible to consider the Rochford district “West Homestake”. It is even possible that the two major antiforms were once aligned into a single large-scale structure prior to shear dismemberment. The portion of the antiform containing older (deeper) rocks, including the Homestake iron formation dominates exposure in the Lead District, while the younger (shallower) rocks are exposed in the Rochford district. The overall architecture of the two camps is remarkably similar. Given the similarity in deformation-metamorphic histories and the comparable lithologies of the Homestake and Rochford iron formations, the Rochford district should contain significant gold resources available for discovery. The displaced eastern lower portion of this major early structure produced, in excess of 41 million ounces of gold.
Mineral Mountain Resources Ltd. will be raising sufficient capital to support a fully permitted core drilling program in early 2021 that will test the Standby Trend. In addition, Mineral Mountain is also conducting a district scale structural foliation study and a specific type of geochemical study that has proven successful at providing vectors to mineralization at the Homestake Mine.
Nelson Baker, President and CEO of Mineral Mountain offers: “Our technical team are very encouraged and excited about the initial results of our study on contours of the dip of a specific foliation to spatial relationships with gold mineralization in the Rochford District. This novel approach was successfully applied in Australia by an esteemed structural professor on several synorogenic gold deposits and has also been mirrored successfully in unpublished work from former Homestake Mine geologists at the Homestake Mine. Initial work by MMV is providing positive results validating known gold systems such as the Standby and Cochrane deposits in the Rochford District and identifying other anomalies that need to be field checked and evaluated.”
Mineral Mountain also announces that it has granted an aggregate of 2,275,000 incentive stock options to directors, officers and consultants of the Company in accordance to the Company’s stock option plan. The options are exercisable at a price of $0.25 per share for periods between three and five years from January 27, 2021, the date of grant, in accordance with their respective vesting provisions. The options are subject to the approval of the TSX Exchange.
About Mineral Mountain
Mineral Mountain Resources Ltd., through its wholly owned subsidiary Mineral Mountain Resources (SD) Inc., is an exploration and development Company with a strong management and technical team which has many years of experience in the Homestake area. The parent Company, Mineral Mountain Resources Ltd., is based in Vancouver, B.C.
The Company now owns one of the largest land packages, now totaling over 7500 acres, in the Rochford District located in the Black Hills of South Dakota, U.S.A. about 25 kilometers south of the richest and largest gold deposits in the world, the Homestake Mine gold system, which produced over 41 million ounces of gold! The Company also owns a comprehensive database for the entire Rochford Gold District, a large supporting land position within the second most productive gold districts in the United States.
We seek Safe Harbor.
© 2021 Canjex Publishing Ltd. All rights reserved.
American Manganese applies to list on OTCQB
American Manganese Inc. has applied to upgrade its position in the public markets and increase its visibility to a wider range of investors by up-listing its common shares listed for trading from the OTC Pink Open Market to the OTCQB market, a U.S. trading platform that is operated by the OTC Markets Group in New York. The listing of the company’s common shares on the OTCQB remains subject to the approval of the OTCQB and the satisfaction of applicable listing requirements.
Read MoreThe OTCQB is recognized by the Securities and Exchange Commission as an established public market providing public information for analysis and value of securities. As a verified market with efficient access for U.S. investors, OTCQB helps companies build shareholder value with the goal of enhancing liquidity and achieving a fair valuation.
“We believe listing American Manganese on the OTCQB market will provide increased liquidity and trading capabilities in our company’s common shares for both institutional and retail investors,” said Larry Reaugh, president and chief executive officer of American Manganese. “With our recent lithium-ion battery cathode material recycling technology development and emphasis on transparency, management believes that the company is in the ideal position to up-list to the OTCQB Market and gain the increased visibility that the OTCQB provides.”
The company will continue to trade on the TSX Venture Exchange under its existing symbol, AMY, in Frankfurt under its existing symbol, 2AM, and in the United States under its OTC Pink Market symbol AMYZF.
About American Manganese Inc.
American Manganese is a critical metals company focused on recycling of lithium-ion batteries and the production of electrolytic manganese metal from low-grade U.S. resources. The recycling process provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese and aluminum at high purity, with minimal processing steps. American Manganese aims to commercialize its breakthrough RecycLiCo patented process and become an industry leader in recycling cathode materials from lithium-ion battery manufacturing waste.
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© 2021 Canjex Publishing Ltd. All rights reserved.