ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

AAC

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:AAC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Alphamin Receives All Civil Aviation Permits and Commences Work on the Bisie Tin Project, North Kivu Province, DRC

22/06/2012 8:26pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. 

Alphamin Resources Corp. (TSX VENTURE:AFM) (the "Company" or "Alphamin") is
pleased to announce that it has received all mandatory permits from Authority of
Civil Aviation ("AAC") allowing the contracted helicopter to operate throughout
the North Kivu Province, Democratic Republic of the Congo ("DRC"). The Company
now plans to commence with a 2,800m diamond drilling programme to test tin
mineralisation below the extensive artisanal workings on Bisie Tin Project
("Bisie"). Tin was discovered at Bisie in 2004 and was mined extensively by
artisanal miners up to 2010 when the DRC Government introduced restrictions on
tin sales in the eastern DRC causing an exodus from the area of all involved in
the informal mining operations. 


The Bisie tin deposit is located within the Walikale District roughly 140km
west-northwest of the regional centre of Goma in one of the world's principal
Precambrian orogenic-metallogenic provinces. Tin mineralization is within a set
of north-south trending quartz/cassiterite veins in schists exposed over 1km
along a ridge which transgresses the project for more than 9km. Accredited ACME
Laboratories, Vancouver, Canada reported high grade tin results of 50-95% SnO2
(cassiterite) for Bisie ore and significant grades in surrounding host rock
confirming potential for a mineralized halo surrounding high grade veins. The
mineralization at Bisie was determined to be unique from other known tin
deposits due to its high grade and presence of hematite and rare earth elements
up to 0.5%. These potential quantities and grades are conceptual in nature.
Insufficient exploration has been done to define a mineral resource and it is
uncertain if further exploration will result in the target being delineated as a
mineral resource. 


Rock Drilling Congo (DRC) SPRL has been contracted and is expected to be on site
before the end of the quarter. The Company will also initiate a soil sampling
programme to better define the extent of tin mineralization along the 9km ridge.



Lars M. Pearl, MAIG, a qualified person under National Instrument 43-101, has
verified the technical data disclosed in this release.


ON BEHALF OF THE BOARD OF DIRECTORS

Cosme Maria Beccar Varela, President and CEO

Forward-Looking Statements

Certain statements in this news release are "forward-looking" within the meaning
of Canadian securities legislation. They include statements about grade,
estimated recoveries, estimated production and proposed strategies and
objectives. Forward-looking statements are necessarily based upon the current
belief, opinions and expectations of Management that, while considered
reasonable by the Company, are inherently subject to significant business,
economic, competitive, political and social uncertainties and other
contingencies. Many factors could cause the Company's actual results to differ
materially from those expressed or implied in the forward-looking statements.
These factors include, among others, conclusions or realization of mineral
resources, the actual results of exploration activities, possible variations in
ore grade or recovery rates, fluctuations in the price of metals, risks relating
to additional funding requirements, political and foreign risks, production
risks, environmental regulation and liability, government regulation as well as
other risk factors set out in the Company's disclosure documents which is
available on SEDAR at www.sedar.com. Investors are cautioned not to put undue
reliance on forward-looking statements due to the inherent uncertainty therein.


Information Relating to the United States

This news release does not constitute an offer of securities for sale in the
United States. The securities being offered have not been, nor will be,
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons absent U.S. registration or an applicable exemption
from U.S. registration requirements.


1 Year Arak Resources Ltd. Chart

1 Year Arak Resources Ltd. Chart

1 Month Arak Resources Ltd. Chart

1 Month Arak Resources Ltd. Chart