Alphamin Commences Deep Drilling on Its 100% Owned Bisie Tin Project, DRC
25 Fevereiro 2014 - 11:01AM
Marketwired
Alphamin Commences Deep Drilling on Its 100% Owned Bisie Tin
Project, DRC
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 25, 2014) -
Highlights
- Two rigs drilling at the Mpama North1 Prospect
- 500m planned to test continuity of mineralisation down to 400m
vertical depth over 300m of strike
- 1,900m planned to provide 7,000kg of metallurgical sample
- Regional geochemical soil and rock sampling programme in
progress on PR5266
Alphamin Resources Corp. (TSX-VENTURE:AFM) ("Alphamin" or the
"Company") is pleased to announce that it has commenced deep
diamond drilling on the Mpama North1 target on its wholly owned
Bisie Tin Prospect (Bisie Project) in east central Democratic
Republic of Congo (DRC). A Mineral Resource for the Mpama North
Prospect was released by the Company on 26th November 2013. The
Company will also obtain a bulk metallurgical sample by drilling
1,900m of PQ sized drill core (85mm diameter) as soon as the
equipment arrives on site.
Best results received at Mpama North were from the four deepest
holes which intersected mineralization at levels below 150m
vertical depth indicating an increase of grade at depth. These
results led to the suspension of the provisional economic
assessment (PEA) until the distribution of tin mineralisation is
better understood down to 400m vertical depth. During the current
drill programme eight holes will be drilled 50m - 150m apart at
100m vertical intervals. The programme is expected to be completed
during the 2nd Quarter.
A follow up infill drilling programme has been planned at 50m
centres provided significant mineralisation is intersected in the
initial 2,500m programme. Additional holes have also been planned
to follow up on the high grade mineralised chute interpreted to
plunge to the north at depth.
A metallurgical drilling programme will commence at Mpama North
once large diameter (PQ) drilling equipment arrives on site. Twenty
two holes ranging in depth from70m to 115m are planned over the
potential portal area where representative economic grade material
is expected. Seven thousand kilograms of mineralised core is
required for detailed metallurgical test work which will be
conducted at various institutions in South Africa. Drill holes will
be closely spaced and will enable a better understanding of tin
distribution at Mpama North. Completion of the programme is
expected during the 2nd Quarter.
An extensive regional geochemical rock and soil sampling
programme commenced in January 2014 with 500 samples collected to
date. The programme will test the mineralised potential of the
interpreted younger tin granites believed to be the source of
mineralising fluids at Bisie and will also test additional "Bisie
type" structures bordering on the younger granites as well as the
remainder of the Bisie ridge to the south of recent sampling.
Jeremy Witley, a qualified person under National Instrument
43-101, has verified technical data disclosed in this release.
1 Note: The two main target areas at Bisie, previously
referred to as Gecomines and Golgotha, have been renamed to Mpama
North and Mpama South respectively.
ON BEHALF OF THE BOARD OF DIRECTORS
Ross Doyle, CFO
Neither the TSX Venture Exchange nor its regulation services
provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this News Release.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Information in this news release that is not a statement of
historical fact constitutes forward-looking information. Such
forward-looking information includes statements regarding the
Company's planned exploration programs. Actual results, performance
or achievements of the Company may vary from the results suggested
by such forward-looking statements due to known and unknown risks,
uncertainties and other factors. Such factors include, among
others, that the business of exploration for tin and other precious
and base minerals involves a high degree of risk and is highly
speculative in nature; few properties that are explored are
ultimately developed into producing mines; geological factors; the
actual results of current and future exploration; changes in
project parameters as plans continue to be evaluated, as well as
those factors disclosed in the Company's publicly filed
documents.
There can be no assurance that any mineralisation that is
discovered will be proven to be economic, or that future required
regulatory licensing or approvals will be obtained. However, the
Company believes that the assumptions and expectations reflected in
the forward-looking information are reasonable. Assumptions have
been made regarding, among other things, the Company's ability to
carry on its exploration activities, the sufficiency of funding,
the timely receipt of required approvals, the price of tin and
other precious and base metals, that the Company will not be
affected by adverse political events, the ability of the Company to
operate in a safe, efficient and effective manner and the ability
of the Company to obtain further financing as and when required and
on reasonable terms. Readers should not place undue reliance on
forward-looking information.
Alphamin does not undertake to update any forward-looking
information, except as required by applicable laws.
To view Figures 1-3, please click the following link:
http://media3.marketwire.com/docs/929469_F1-3.pdf.
Alphamin Resources Corp.+41 41 711 02
81www.alphaminresources.com
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