Tinka Resources Limited (“Tinka” or the “Company”) (TSXV & BVL: TK) (OTCQB: TKRFF) owns an impressive portfolio of silver, zinc and lead assets in central Peru.
Investors who do the analysis will find that Tinka is not only a proxy for growth. Supply-demand deficits of the zinc market, it finds itself smack in the middle of the alternative energy sector, with excellent properties in mining-friendly jurisdictions and the endless possibility of further corporate activity, be that M&A, new properties, and rapidly growing production.
The property could be one of the ten largest global zinc producers.
Before we get into the latest drill results, let’s briefly review the flagship property.
Ayawilca Zinc-Silver Project (Flagship)
100% owned by Tinka and is, in fact, one of the most significant zinc-silver resources held by a junior.
Zinc — 3.0 billion pounds in the Indicated Resource category and 5.7 billion pounds in the Inferred category.
Silver — 10.3 million ounces in the Indicated Resource category and 30.7 million ounces in the Inferred category.
Lead — 87 million pounds in the Indicated Resource category and 370 million in the Inferred category.
The 2023 drill program produces spectacular results at South Ayawilca: 10.4m grading 42.0% zincwithin an ultra-high-grade interval of 38.9m grading 20.0%.
The latest corporate video, coincidently, was posted today, May 4th.
Latest Summary of new drill hole results (all from South Ayawilca)
Dr. Graham Carman, Tinka’s President and CEO, stated: “The Silver Zone intersection in hole A23–220 is important for the Ayawilca project as it highlights the potential for high-grade structurally controlled silver mineralization hosted within a steeply-dipping northeast-trending fault on the edge of the massive sulphides at South Ayawilca that has seen limited past drilling. So far, silver mineralization is defined over 250 metres of the structure and remains open in both directions to the east and west. A follow-up drill hole is in progress, targeting a further 100 metre strike extension of the Silver Zone to the east as well as additional Zinc Zone mineralization.”
Dr. Carman continued: “Seven infill drill holes targeting high-grade Zinc Zone mineralization predominantly at West Ayawilca remain to be reported. The drill hole information is currently being compiled and we expect to have final results reported in May.”
The full results are here for shareholders and investors who wish to dig deeper.
Let’s look at the Zinc prospects in the future.
The global zinc demand for renewable energy technologies is forecast to continuously increase during the next decade, from 109,300 metric tons in 2020 to 364,000 in 2030. Solar energy is expected to account for the largest share of this zinc consumption, with a forecast volume of 162,000 metric tons in 2030.
The potential for traditional zinc usage is relatively static, but the sectors that will drive the supply shortage against demand are the battery and green energy sectors. The four metals critical to solar panels are copper, silver, silicon, and zinc.
Bob Beaty
For over 30 years, Bob Beaty has been explaining concepts and companies to the global investment community. One of the original writers for Jim Cramer’s Thestreet.com, he also wrote for AOL (Can/US), the Globe and Mail, and the Huffington Post. Over that period, he illuminated small-cap companies to investors with wit and pith but mostly opinion and facts. Investing should be fun. Pedantic, staid content is no fun.
Before embarking on his writing career, Bob had a successful international journey in the finance industry. He served as a broker, derivatives product manager, and a Director of London's Credit Suisse subsidiary. His career spanned across major financial hubs including Toronto, Vancouver, and the UK, giving him a unique global perspective. (He is still fondly remembering those English client lunches.)
Other than everything Groucho Marx and George Carlin ever said, Bob lives by a simple credo;
‘Never do anything the person standing in front of you can't understand.’ Hunter S. Thompson.
Let’s go.
