What's Happening?
Tinka Resources is set to initiate a drilling program at the Silvia Gold-Copper Project in central Peru, following approval from the Ministry of Energy and Mines. The company plans a 1,500-meter diamond drilling program in Q4 2025, targeting several mineralized areas with significant gold and copper geochemistry. CEO Graham Carman highlights the importance of this milestone for advancing the project, which has never been drill tested. The project covers 10,906 hectares and is strategically located near the Raura zinc-copper-silver mine.
Why It's Important?
The initiation of drilling at the Silvia project represents a strategic move for Tinka Resources, allowing the company to expand its exploration efforts into gold and copper. This development could enhance the company's asset portfolio and potentially increase its market value. The project’s proximity to existing mines suggests potential synergies and resource sharing, which could benefit the local economy and mining sector. Successful exploration could lead to increased investment and job creation in the region.
What's Next?
Tinka Resources will proceed with the drilling program, contingent on securing adequate funding. The company will focus on testing Area A first, which shows promising mineralization. Further updates on the program's progress and results are expected. The outcome of the drilling could influence Tinka's strategic decisions regarding its flagship Ayawilca zinc-tin project and future exploration initiatives.
