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Tinka Resources begins preliminary economic assessment of Peru zinc and tin mine

The exploration company has hired Wood Group to be the Ayawilca project study’s lead consultant

A capsule containing zinc with the chemical symbol
Tinka has engaged mining consultant Ken Engquist to oversee the zinc and tin project's preliminary economic assessment on behalf of the company

Tinka Resources Ltd (CVE:TK) (OTCMKTS:TKRFF) said Wednesday that it has begun a preliminary economic assessment of the Ayawilca zinc and tin project in Peru.

The Vancouver-based exploration and development company said in a press release that it has hired Wood Group to be the lead consultant. Wood Group, based in Aberdeen, Scotland, completed its acquisition of Amec Foster Wheeler in October 2017.

READ: Tinka Resources' new discovery at Ayawilca opens up 'significant' areas of untested potential

Tinka added that it has appointed Ken Engquist as managing consultant for project development to oversee the preliminary economic assessment on behalf of the company. Engquist is based in Vancouver but will be spending much of his time in Peru to support the project.

Engquist oversaw the feasibility engineering study for Arizona Mining Inc's Hermosa zinc project, which was recently acquired by Perth, Australia-based South 32 Ltd (OTCMKTS:SOUHY).

“Ken brings a broad background of knowledge to Tinka, with his experience in both major and junior company development projects,” Tinka CEO Graham Carman said in a statement.

Shares of Tinka closed at C$0.34 in Tuesday’s Canadian trading. They slipped US$0.02 to US$0.26 on the OTC market.

Contact Dennis Fitzgerald at [email protected]

Quick facts: Tinka Resources Limited

Price: 0.135 CAD

Market: TSX-V
Market Cap: $46 m

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