GRAND BAIE, Mauritius, June 03, 2022 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX, “Alphamin” or the “Company”), a producer of 4% of the world’s mined tin1 from its high-grade operation in the Democratic Republic of Congo, is pleased to announce an updated Mpama South Mineral Resource estimate.
HIGHLIGHTS
- Mpama South updated Inferred Resource up 46% to 4.99Mt based on assays from 22 additional extensional drillholes. Mpama South Mineral Resource now stands at:
- 0.84Mt @ 2.53% Sn for 21.4kt contained tin in the Indicated category; and
- 4.99Mt @ 2.50% Sn for 124.7kt contained tin in the Inferred category
- Significant additional resource growth potential at Mpama South
- Mpama South in-fill drilling on track for completion by July 2022, extension drilling recommences in June 2022
- Mpama South early development works in progress – project completion expected to increase Alphamin’s annual contained tin production from the current 12,000tpa to ~20,000tpa, approximating 6.6% of the world’s mined tin1
Mpama South Updated Mineral Resource Estimate
The updated Mineral Resource for Mpama South follows two months after the previous update announced on 29 March 2022 and three months after the Maiden Mineral Resource announced 7th March 2022. The update is based on further receipt of assays for another 22 extensional drillholes completed subsequent to the previous estimate which was based on 102 drillholes. The updated Mineral Resource…
