Peruvian miner Compañia de Minas Buenaventura has completed its investment worth C$18.5 million (US$14 million) in Can-ada’s Tinka Resources. The funds will allow the Canadian business to accelerate work on its Ayawilca project in Peru, among others.
“We look forward to advancing our Ayawilca project in 2020 with addi-tional resource definition and exploration drilling, and project develop-ment,” Graham Carman, the president and chief executive of Tinka Re-sources, was quoted in a statement.
The Ayawilca carbonate replacement deposit is located in the zinc-lead-silver belt of central Peru, 200 kilometres northeast of the country’s capi-tal Lima, according to data from Tinka Resources.