Graham Carmen, President & CEO of Tinka Resources, explains the new zinc discovery this exploration and development company had in Peru.
Tinka is an exploration and development company with a new zinc discovery in Peru. Our zinc discovery is one of the largest new discoveries of zinc anywhere in the world. And our commodity mix of zinc, tin and silver offers a blend of commodities that a lot of other companies can’t match. Recently we announced an updated zinc inferred resource estimate of 18.8 million tons grading 8.2 percent zinc equivalent and an inferred tin resource of 5.4 million tons grading 0.89 percent tin equivalent. our plans in 2016 involve a significant drill extension program later in the year where we’re going to focus on expanding our zinc and tin resources. This will lead to a preliminary economic assessment, a PEA, in 2017.
With Zinc prices moving off five, six year lows we think it’s a fantastic opportunity for investors to look at quality zinc companies. What is exciting about Tinka is that we have a new discovery in zinc and in tin. These are commodities with its supply deficits and also the market is turned. It’s getting a lot more excited about resource development companies and we want to be in the right place at the right time to take advantage of these new developments in the market with a fantastic project.