Alphamin Resources Corp. [AFM-TSXV, APH-JSE AltX], a producer of 4% of the world’s mined tin from its high-grade operation in the Democratic Republic of Congo, earlier announced additional high-grade assay results on its Mpama South Exploration Drilling program as well as the commencement of Life of Mine extension drilling at its high-grade Mpama North mine.
- Further high-grade intercepts1 from the Main Zone at Mpama South received, including:
- BGH046: 10.8 metres @ 2.86% Sn from 195.2 metres
- BGH051: 5.3 metres @ 4.00% Sn from 164.2 metres
- BGH046: 2.6 metres @ 7.17% Sn from 218.0 metres
- BGH053: 10.6 metres @ 2.77% Sn from 198.9 metres
- Further high-grade intercept1 from the newly discovered footwall zone at Mpama South received, including:
- BGH053: 3.2 metres @ 9.59% Sn from 173.7 metres
- 12,300m of the planned 16,800m Diamond Drill program completed at Mpama South (52 of the 70-hole program) with independent laboratory assays received for 39 holes to date
- Commenced drilling the 15,350m diamond drill program on Mpama North which targets down dip extension of the already operating mine
Chief Executive Officer, Maritz Smith, comments:
“We are pleased to have reached this milestone of starting the long-awaited extension drilling on our high-grade Mpama North mine. The life of mine extension possibilities are highly positive and we look forward to the results. The Mpama South Prospect continues to deliver outstanding tin intercepts and at only 750m south of the Mpama North operation, would provide excellent potential synergies.”
Shares of Alphamin are trading at CAD$0.84 up $0.06 with nearly 5m shares traded.