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Alphamin Resources Announces a 34% Increase in Measured and Indicated Mineral Resources for Its Bisie Tin Project, DRC
GRAND BAIE, MAURITIUS--(Marketwired - May 11, 2016) - UPDATE HIGHLIGHTS The updated Mineral Resource includes: Measured Resource of 0.46 million tonnes @ 4.31%
About this update from Alphamin Resources Corp.
[{"type":"text","content":"GRAND BAIE, MAURITIUS--(Marketwired - May 11, 2016) - UPDATE HIGHLIGHTS The updated Mineral Resource includes: Measured Resource of 0.46 million tonnes @ 4.31% Sn for 19,600 tonnes contained tin using a 0.5% tin cut-off grade Indicated Resource of 4.14 million tonnes @ 4.55% for 188,400 tonnes contained tin using a 0.5% tin cut-off grade A 34% increase in contained tin in the Measured and Indicated Categories from October 2015 Mineral Resource Estimate used for the FS study Inferred resource of 0.54 million tonnes @ 4.25% Sn for 22,800 tonnes contained tin using a 0.5% Sn cut-off The tin mineralisation has a strong chute geometry with a high grade chute interpreted to plunge to the north and is open at depth The mineral resource was defined over 700m down plunge and has a vertical depth of 550m Significant new results included in the Resource Estimate from infill and deep drilling at Mpama North included: 16.01m @ 22.5% Sn from 387.45m including 6.95m @ 38.45% Sn from 390.25m 12.5m @ 10.93% Sn from 336.7m including 2.25m @ 49.87% Sn from 346.95m 13.8m @ 7.53% Sn from 317.65m including 4.5m @ 19.74% Sn from 324.2m 15.85m @ 6.09% Sn from 399.5m including 3.75m @ 18.11%Sn from 409.25m Highly significant results support: An increase in tin grade with depth Tin mineralisation continues down dip and is open along strike and at depth Excellent potential to define significant additional tin resources to increase LOM at Mpama North Exciting further confirmation of the investment potential of the Bisie Tin Project Alphamin Resources Corp. (\"Alphamin\" or the \"Company\") (TSX VENTURE:AFM) is pleased to announce a significant increase of 34% to its Measured and Indicated Mineral Resources at the Mpama North prospect of the Bisie Tin Project in North Kivu in the east central region of the Democratic Republic of Congo (\"DRC\"). The 34% increase to the Measured and Indicated Mineral Resource (at a cut-off of 0.5% Sn) from that announced in October 2015 follows new results from infill and deep drilling at the Mpama North prospect. \"This positive development confirms the quality of the Bisie Tin Project and is another positive step supporting the development of the mine at Mpama North at Bisie,\" states Boris Kamstra, Chief Executive Officer of Alphamin. \"These new results support an increase in tin grade with depth as tin mineralisation co...