Alphamin Intersects Strong Visual Tin Mineralisation at Its Bisie Tin Project, Democratic Republic of the Congo
10 Juin 2013 - 7:56PM
Marketwired Canada
Alphamin Resources Corp. (TSX VENTURE:AFM) ("Alphamin" or the "Company") is
pleased to announce that the resource drilling programme at the Gecomines target
on its wholly owned Bisie Tin Prospect (Bisie Project) in east central
Democratic Republic of Congo (DRC) is progressing with 1,444m of the planned
3,695m drilled to date.
The strongest visible tin mineralization to date was intersected in drill hole
BGC018 shown in Figure 1. Several veins of approximately 100 - 600mm thickness
with an accumulated thickness of roughly 2m where intersected. This highly
significant intersection suggests zones of high grade mineralization can be
expected throughout the Gecomines target area.
To see Figure 1 please select the following link:
http://media3.marketwire.com/docs/610afm1.jpg
Initial drillholes BGC011, 12, 13, 14, 15 and 16 from the current programme
(collar locations shown in Figure 2) focused on the area worked extensively by
artisanal miners. In the past massive cassiterite veins were mined from outcrop
down to approximately 50m below surface.
In house Niton XRF analyses conducted on pressed pellets derived from the drill
core, indicate that significant fine grained tin mineralization in the wall rock
adjacent to mined out veins intersected in the drilling can be expected.
Significant copper mineralization was also intersected with native copper
reported over 1.65m in BGC012 shown in Figure 2.
Visual mineralisation for holes completed to date is shown in Table 1. Sample
submission was delayed because the Company experienced delays in acquiring
export permits necessary for sample submission. Samples from 7 drill holes have
now been received by the ALS Chemex laboratory in Johannesburg with first
results expected by end of the quarter.
Additional drilling at Bisie has firmed up a robust geological model which is
guiding the current resource drilling programme and future exploration. Tin
mineralization is focused within a chloritic, garnetiferous amphibolite unit
within felsic mica schists. Occasionally cassiterite bands are developed in the
footwall schists in close proximity to the amphibolites. The amphibolite unit is
consistently 20-25m thick although in some drill holes the unit and
corresponding tin mineralization might be less due to faulting or quartz
veining.
The Company remains confident of identifying a significant high grade tin
resource down to depths of below 200m below surface at the Gecomines target area
with continued drilling.
Tin Deportment Study
Sixty four kilograms of quartered drill core were sent to SGS Laboratories in
Johannesburg for a metallurgical deportment study. This study will test the
suitability of the ore to dense media separation as well as the effects of finer
grinding on recovery rates at differing grind sizes. The base metal sulphide
minerals will also be traced during the study and Qemscan bulk mineral analysis
will quantify the major mineral components of the sample. Results of the study
will aid the design of future metallurgical testing programmes that will be done
on a larger scale and focus on both tin and base metal recovery, with the
ultimate aim of facilitating the final process plant design. Results for the
deportment study are expected within two months.
Security
Despite recent tensions in Goma operations have continued unhindered while the
Company continues to receive strong local and Government support.
Project Back Ground
The Bisie project is located in the Walikale district of North Kivu Province DRC
and is held by Alphamin's 100% owned Mining and Processing Congo sprl (MPC)
which holds a total of five tenements covering an area of 1,470sqkm with
significant tin, gold and base metal potential. The key prospects within the
Bisie Project are the Bisie Tin Prospect mined previously by artisanal means and
the Omate gold workings exploited historically by the Belgians and currently
mined extensively by artisanals.
The Bisie Prospect was the DRC's largest producer of tin ore for a number of
years and accounted for up to 75% of the DRC's tin output.
Alphamin lifted force majeure on PR5266 which hosts the Bisie Prospect in
February 2012 and commenced diamond drilling during the second half of 2012 at
two target areas, Gecomines and Golghota, mined extensively from surface by
artisanal miners. Significant high grade tin mineralisation was reported from
drilling at both target areas down to depths exceeding 150m. The tin
mineralisation is also closely associated with copper and light rare earth
(cerium and lanthanum) mineralisation as well massive and disseminated lead and
zinc sulphides and significant amounts of silver. Geochemical soil sampling has
highlighted anomalous lead and zinc in soils for a further 2km to the south of
the Golghota workings. Drilling has confirmed the association of copper, lead,
zinc and tin mineralisation at depth below the soil anomaly in holes drilled to
the south of the Golghota workings.
The lead and zinc in soil anomaly has been defined over a minimum of 4km along
the Bisie ridge and remains open to the south where the soil sampling has not
been completed. High grade mineralisation at Bisie appears to be controlled by a
series of crosscutting northeast or east-west trending faults identified along
the ridge from Landsat imagery. The Company is therefore highly confident of
discovering new high grade zones of tin and base metal mineralisation from
systematic exploration along the ridge.
Amendment to Release of March 25, 2013
Further to March 25, 2013 news release with the appointment of Mr Tom Borman to
the Alphamin Board of Directors, Mr Borman was referred to as a Chartered
Accountant. The Company wishes to amend this statement as Mr Borman resigned
from the position of Chartered Accountant on 6th October 2009.
Lars Pearl, a qualified person under National Instrument 43-101, has verified
technical data disclosed in this release.
ON BEHALF OF THE BOARD OF DIRECTORS
Cosme Maria Beccar Varela, President and CEO
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.
Table 1: Drill hole summary with visually mineralized intervals
----------------------------------------------------------------------------
Hole ID East_UTM_ North_UTM_ RL Azimuth Dip EOH Comment
WGS84 WGS84
----------------------------------------------------------------------------
BGC010 582948 9885851 766 270 -60 145.5 Strong
cassiterite
mineralization
(112.5m and
122.50m)
----------------------------------------------------------------------------
BGC011 582870 9885905 779 270 -60 20.5 Hole abandoned
----------------------------------------------------------------------------
BGC011A 582871 9885905 779 270 -60 110 3cm cassiterite
vein (70.75m),
strong
chalcopyrite
(80-88m)
----------------------------------------------------------------------------
BGC012 582840 9885955 784 270 -60 94.6 Native copper
(74.5-76.15m)
----------------------------------------------------------------------------
BGC013 582844 9885847 801 270 -60 85 Mined out
cavity (32.5-
35.5m)
----------------------------------------------------------------------------
BGC014 582850 9885805 810 270 -60 90 Fine
cassiterite
veins (32.6-
35.5m)
----------------------------------------------------------------------------
BGC015 582850 9885755 805 270 -60 65 2cm cassiterite
vein (29.5m);
mined out
cavity (34-
35.5m)
----------------------------------------------------------------------------
BGC016 582855 9885705 804 270 -60 61.7 Mined out
cavity (22-
24m)
----------------------------------------------------------------------------
BGC017 582950 9885805 760 270 -60 142.5 Narrow
cassiterite
veins (100.6-
118.7m)
----------------------------------------------------------------------------
BGC018 582950 9885702 770 270 -60 142.5 Very strong
cassiterite
mineralization
(101-123.2m)
----------------------------------------------------------------------------
BGC019 582990 9885755 746 270 -60 159.33 Strong
cassiterite
mineralization
(132.5-146.5m)
----------------------------------------------------------------------------
BGC020 582993 9885703 744 270 -60 166 15cm
cassiterite
veins
(142.15m);
strong
chalcopyrite
(138-140.1m)
----------------------------------------------------------------------------
BGC021 582980 9885680 754 270 -60 162 Narrow
cassiterite
veins (130-
140m)
----------------------------------------------------------------------------
Note: EOH is end of hole depth
To see Figure 2 please select the following link:
http://media3.marketwire.com/docs/610afm2.jpg
FOR FURTHER INFORMATION PLEASE CONTACT:
Alphamin Resources Corp.
Level 3, Gotthardstrasse 20, CH-6304,
Zug, Switzerland
+41 41 711 02 81
www.alphaminresources.com
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