Tinka Resources (TSX-V:TK) has signed a community agreement covering its Colquipucro silver deposit in Peru as it advances an updated preliminary economic assessment (PEA) for the Ayawilca Polymetallic Project.
The agreement with the San Pedro de Pillao community covers 170 hectares of community-owned land overlying Colquipucro. It establishes a framework for exploration and technical studies, with its three-year term beginning when exploration starts.
Tinka has also committed to providing opportunities for community stakeholders, including local employment and potential collaborative investment initiatives. Financial terms were not disclosed.
CEO Graham Carman says the agreement establishes a foundation for further work at the deposit.
“We thank the San Pedro de Pillao community for its confidence in Tinka and for reaching this agreement, which represents an important step in establishing a framework for future exploration and technical work at Colquipucro,” Carman says.
The agreement supports Tinka’s updated PEA, which is evaluating an integrated development strategy starting with an open-pit operation at Colquipucro, followed by underground development of the Ayawilca polymetallic deposit.
Tinka expects to release the study results in early 2027. The company launched the update in October, adding a silver-first development strategy to Ayawilca for the first time, as previously reported by Mining.com.au.
The PEA remains preliminary and will include inferred mineral resources considered too geologically speculative for classification as ore reserves.
Tinka Resources is a Canadian exploration and development company focused on the wholly owned Ayawilca and Silvia NW base and precious metals projects in Peru.
Write to France Pinzon at Mining.com.au
Main image: Tinka Resources
