19:50:47 EDT Sat 04 May 2024
Enter Symbol
or Name
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Tinka Resources Ltd
Symbol TK
Shares Issued 391,303,925
Close 2023-05-15 C$ 0.125
Market Cap C$ 48,912,991
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Tinka Resources grants option for 700,000 shares

2023-05-18 07:43 ET - News Release

Dr. Graham Carman reports

TINKA ANNOUNCES GRANT OF STOCK OPTIONS

Pursuant to Tinka Resources Ltd.'s stock option plan, the company has granted stock options to a director of the company to purchase an aggregate of 700,000 common shares of the company at an exercise price of 25 cents per optioned share for a period of four years.

About Tinka Resources Ltd.

Tinka is an exploration and development company with its flagship property being the 100-per-cent-owned Ayawilca zinc-silver-tin project in central Peru. The Zinc zone deposit has an estimated indicated mineral resource of 19.0 million tonnes at 7.15 per cent Zn, 16.8 grams per tonne Ag and 0.2 per cent lead and inferred mineral resource of 47.9 million t at 5.4 per cent Zn, 20.0 g/t Ag and 0.4 per cent Pb (dated Aug. 30, 2021). The Ayawilca tin zone has an estimated inferred mineral resource of 8.4 million t grading 1.0 per cent Sn. Tinka is currently completing an 11,500-metre resource definition drill program at West Ayawilca and South Ayawilca zinc zone. The qualified person, Dr. Graham Carman, Tinka's president and chief executive officer, and a fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the technical contents of this release.

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