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Alphamin Resources Announces a 30% Increase to Its Indicated Mineral Resource (at 0.5% Tin Cut Off Grade) at Its 95% Owned Mpama North Prospect, Bisie Tin Project, Democratic Republic of the Congo
GRAND BAIE, MAURITIUS--(Marketwired - Oct. 22, 2015) - Alphamin Resources Corp. (TSX VENTURE:AFM) - Highlights The updated Mineral Resource consists of: Indicat
About this update from Alphamin Resources Corp.
[{"type":"text","content":" GRAND BAIE, MAURITIUS--(Marketwired - Oct. 22, 2015) - Alphamin Resources Corp. (TSX VENTURE:AFM) - Highlights The updated Mineral Resource consists of: Indicated Resource of 3.94 million tonnes @ 3.94% Sn for 155,300 tonnes contained tin using a 0.5% Sn cut-off. A 30% increase in contained tin since March 2015. Inferred Resource of 0.84 million tonnes @ 4.64% Sn for 38,900 tonnes contained tin using a 0.5% Sn cut-off. A 9% decrease in contained tin since March 2015. The Mineral Resource was defined over 650m down plunge to a depth of 550m Tin mineralisation has a strong chute geometry with a high grade chute interpreted to plunge to the north and is open at depth Best visible cassiterite to date (accumulative thickness of 6m) intersected in northernmost line supports mineralisation open down plunge to the north Significant new results included in the Resource Estimate from infill and deep drilling at Mpama North included: 21.7m @ 7.44% Sn from 300m 13m @ 5.76% Sn from 386m 10m @ 5.59% Sn from 323m 13.6m 7.59% Sn from 534.4m Significant new results included in the Resource Estimate from the Wedge drilling at Mpama North included: 7.5m @ 3.69% Sn from 110m Alphamin Resources Corp. (\"Alphamin\" or the \"Company\") is pleased to announce a 30% increase to its Indicated Mineral Resource (at a cut-off of 0.5% Sn) at the Mpama North target announced in March 2015 on its 95% owned Bisie Tin Prospect (Bisie Project) in east central Democratic Republic of the Congo (DRC). The remaining 5% was transferred to the State in compliance with the Mining Code on granting of PE 13155. Mpama North The updated Mineral Resource estimate at Mpama North has increased the current resource to 3.94 million tonnes @ 3.94% Sn for 155,300 tonnes contained tin (at 0.5% Sn cut-off) in the Indicated Category and 0.84 million tonnes @ 4.64% Sn for 38,900 tonnes contained tin (at 0.5% Sn cut-off) in the Inferred Category as shown in Table 1. The Indicated Mineral Resource increased by 30% contained tin to that announced in March 2015. The Inferred Mineral Resource decreased by 9% contained tin with the majority of the March 2015 Inferred being transferred to the Indicated category and replaced by extensions identified by the ongoing drilling programme. The robust and high grade nature of the orebody is illustrated by the grade-tonnage table that shows that sho...