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Tinka Resources commences PEA at Ayawilca project

Published by , Assistant Editor
Global Mining Review,

Tinka Resources Ltd (Tinka) has formally commenced a Preliminary Economic Assessment (PEA) on the Ayawilca zinc and tin project in Peru. Wood (formerly Amec Foster Wheeler) in Lima (Peru), has been engaged as lead consultant to prepare the PEA. 

In addition, Tinka has appointed Ken Engquist as Managing Consultant, Project Development. Engquist's role is to oversee development of the PEA on behalf of the company. His track record and extensive experience adds additional leadership and project development expertise to an already strong in-country exploration team, led by Alvaro Fernández-Baca, VP Exploration. The management team is well qualified to ensure Tinka delivers a high value base metal project in one of the best mining jurisdictions in the industry.

Dr. Graham Carman, President and CEO, stated: "It is with great enthusiasm that we welcome Ken Engquist as Tinka's manager of our Ayawilca Project PEA. Ken brings a broad background of knowledge to Tinka, with his experience in both major and junior company development projects.  His experience is very relevant for Tinka given his intimate involvement with Arizona Mining's Hermosa project in the USA and, before that Nevsun Resources' Timok project in Serbia. We are looking forward to benefitting from Ken's exceptional skillset, experience in project management and development and his active involvement as we move Ayawilca forward."

Engquist is based in Vancouver but will be spending much of his time in Peru in support of the project. Engquist will report to Tinka's CEO. Engquist brings over 25 years of engineering and project leadership experience to his role. Immediately prior to joining Tinka, he was responsible for overseeing the feasibility engineering study for Arizona Mining's Hermosa zinc project which has recently been fully acquired by South 32. Before this, Engquist was VP of Project Development for Nevsun Resources where he was responsible for the Timok copper project in Serbia. He led all aspects of the development including chairing the joint venture technical advisory board comprised of executive experts from both Nevsun and Freeport-McMoRan.

Engquist's past experience also includes roles with Oxygen Capital where he was responsible for advancing a portfolio of projects within Oxygen's managed group of companies (True Gold, Pilot Gold, and Pure Gold) through various stages of development from advanced exploration to start up. He has held positions with AngloGold Ashanti as Manager of their Projects Group within their US operations and spent several years with Rio Tinto's Copper Group as a Senior Project Manager. Engquist led the infrastructure engineering for the underground design of the Oyu Tolgoi mine in Mongolia as well as held senior project leadership roles and consulted on several other mining projects at operations such as Kennecott Utah Copper, La Granja in Peru, and Resolution Copper in Arizona. Engquist holds a B.Sc. in Engineering from Michigan Technological University and is a registered Project Management Professional.

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