What's Happening?
Tinka Resources has concluded a 3,400-meter reconnaissance drilling program at the Huwaymidan Gold Project in Saudi Arabia. The program, consisting of 46 holes, targeted gold mineralization identified through surface sampling across a potential gold trend exceeding 5 kilometers. The drilling revealed extensive hydrothermal alteration and quartz veining, indicative of a large orogenic gold system. Assay results are anticipated by late Q1 2026, with a follow-up drilling program planned for Q2 2026, contingent on these results. The project is located in a proven gold belt near Maaden's Ar Rjum Project and is fully funded by a local Saudi partner until mid-2027.
Why It's Important?
The completion of the drilling program at Huwaymidan marks a significant step for Tinka
Resources in exploring and potentially developing a district-scale gold target. This project could enhance Tinka's portfolio and contribute to the broader mining sector's growth in Saudi Arabia. The exploration aligns with the Future Minerals Forum's theme of global collaboration and development in the minerals sector. Successful outcomes from this project could attract further investment and interest in the region's mineral resources, potentially boosting local economies and employment.
What's Next?
Tinka Resources plans to analyze the assay results expected in late Q1 2026, which will determine the scope and direction of the follow-up drilling program scheduled for Q2 2026. The company will continue to focus on its other projects, including the Ayawilca Zinc-Silver Project and the Silvia Gold-Copper Project in Peru. The outcomes of the Huwaymidan project could influence Tinka's strategic decisions and partnerships in the future.
