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Alphamin reports extensive visual mineralised intercepts on drilling at Mpama South
Alphamin Resources Corp.
Continued in the Republic of Mauritius
Date of incorporation: 12 August 1981
Corporation number: C125884 C1/GBL
TSX-V share code: AFM
JSE share code: APH
ISIN: MU0456S00006
ALPHAMIN REPORTS EXTENSIVE VISUAL MINERALISED INTERCEPTS ON DRILLING
AT MPAMA SOUTH
March 12, 2021 – Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX, “Alphamin” or the
“Company”), a producer of 4% of the world’s mined tin from its high grade operation in the
Democratic Republic of Congo, is pleased to provide an exploration update, specifically,
progress on the Mpama South drilling programme.
HIGHLIGHTS
- Main Zone mineralisation intercepted at Mpama South, based on a visual inspection
and interpretation, is comparable to the mineralisation being mined at the high grade
Mpama North Mine;
- New parallel mineralisation zone discovered in the footwall of the Main Zone at
Mpama South (“Footwall Zone”);
- Additional drilling metres planned at Mpama South to increase size of the Main
Zone and incorporate the Footwall Zone into a planned Maiden Mineral Resource
estimate.
Exploration activities for 2021
Alphamin’s exploration initiative aims to extend the life-of-mine at its currently producing
Mpama North operation, to declare a Maiden Mineral Resource for Mpama South (located 750
metres south of Mpama North) and to discover at least one additional orebody on the highly
prospective Bisie Ridge (13km strike length). In that regard, Alphamin plans to allocate
significant drilling metres to each of these target areas during 2021 as follows:
1. Mpama South – between 8,000 and 14,000 metres drilling with the intention of being
able to declare a Maiden Mineral Resource estimate towards the end of 2021 to be
followed by a conceptual mining study, infill drilling and further step-out drilling to
determine the extent of mineralisation;
2. Mpama North – an initial 7,500 metre drilling campaign is planned to test the strike and
dip extension of the current producing orebody, below 400m in depth from the mine
portal. Drilling should commence in August 2021 on the establishment of an
underground drill drive on Level 6;
3. Two drill targets 6-8km south of Mpama North have been identified along the Bisie
Ridge. A high-density geochemical soil sampling program is underway and more
accurate drilling targets will be identified by the outcomes of this program in Q3 2021.
Mpama South Drilling update
Mpama South is located 750m south of Alphamin’s operating mine. A drilling program
completed in 2016 recorded notable cassiterite intercepts in similar alteration styles and of
similar high grades to Mpama North, including apparent widths of:
• BGH011: 32.8 metres @ 2.46% Sn (incl. 18.75 metres @ 3.91% Sn) 1,
• BGH003: 2.50 metres @ 5.76% Sn 2.
Alphamin commenced its Mpama South exploration program with a 5,800 metre (25 drillholes)
drilling campaign in December 2020. To date, 5,056 metres and 23 holes have been
completed. All holes completed have shown visual mineralisation, suggesting continuity of the
Main Zone system, while several exceptional intercepts visually comparable to the thick veins
and brecciated zones of cassiterite existing at Mpama North were also observed (see Figure
1). In addition, a new zone of mineralisation was discovered in the footwall which appears
continuous and highly mineralised (“Footwall Zone”).
The first seven drillholes from the current drilling campaign were sampled and assayed by the
Company’s on-site laboratory. Results confirmed the visual interpretation of high-grade tin
intercepts over wide zones. The onsite laboratory has insufficient capacity to cope with the
quantity of high grade samples being generated by the drilling whilst also having to ensure full
QA/QC success. Consequently, a decision has been made that all Mpama South samples will
be analysed by an accredited 3rd party off-site laboratory before results will be released to the
market. There will thus be a delay in the reporting of the official tin assays at Mpama South
while the export process is carried out. The first batch of export samples is in the export
pipeline. Readers are cautioned that the mineralisation observed to date is of a preliminary
nature and that assays obtained from 3rd party off-site laboratories may not be consistent with
the Company’s visual interpretations and on-site results.
Chief Executive Officer, Maritz Smith comments:
“These drill intercepts are very encouraging for the Mpama South Prospect. Mineralisation
within the Main and Footwall Zones point to a possible Mpama North lookalike and we are
encouraged by the resource expansion potential within the existing mining permit. Our view
that the 13km long Bisie Ridge hosts multiple high-grade mineralised systems continues to be
reinforced, which brings us closer to realising our vision of becoming one of the world’s largest
long-life tin producers.”
1 See announcement dated 26th March 2015
2 See announcement dated 20th November 2012
Qualified Person
Mr Vaughn Duke Pr.Eng. PMP, MBA, B.Sc. Mining Engineering (Hons.), is a qualified person
(QP) as defined in National Instrument 43-101 and has reviewed and approved the scientific
and technical information contained in this news release. He is a Principal Consultant, Partner
and Director of Sound Mining Solutions, an independent technical consultant to the Company.
__________________________________________________________________________________________
FOR MORE INFORMATION, PLEASE CONTACT:
Maritz Smith
CEO
Alphamin Resources Corp.
Tel: +230 269 4166
E-mail: msmith@alphaminresources.com
JSE Sponsor
Nedbank Corporate and Investment Banking
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Information in this news release that is not a statement of historical fact constitutes forward-
looking information. Forward-looking statements contained herein include, without limitation,
statements relating to anticipated exploration activities and outcomes. Forward-looking
statements are based on assumptions management believes to be reasonable at the time such
statements are made. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue reliance on forward-looking
statements. Forward-looking statements contained herein are made as of the date of this news
release and Alphamin disclaims any obligation to update any forward-looking statements,
whether as a result of new information, future events or results or otherwise, except as required
by applicable securities laws.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Date: 12-03-2021 04:54:00
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