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Markets // Tin Explorers

Articles tagged with: Bisie

Alphamin report detailed design and budget estimates

Post By: Tom Mulqueen on Tuesday, 07 February 2017

TSX-listed Alphamin Resources has announced the results of detailed design work and budget estimates for its 80.75% owned Bisie Tin Project in the Democratic Republic of Congo. The work has resulted in an improvement in several operational parameters as well as an increase in proven and probable reserves to 4.67 Mt at 3.58% Sn (or 167,000 tonnes of tin)

The report explains that while the fundamental mining method has not changed, the layout and mine design parameters have improved...

Alphamin announces updated DFS

Post By: Tom Mulqueen on Thursday, 30 June 2016

Tin explorer, Alphamin Resources Corp.(TSX-V:AFM), has announced an updated feasibility study (DFS) for its Bisie tin project in North Kivu, Democratic Republic of Congo, to reflect an increase in Mineral Resources at the site.

In May this year the company reported a 34% increase in Probable Mineral reserves to 152,768 tonnes of contained tin (3.52 Mt of ore @ 4.34% Sn). Adjusting for this change and improved economic outlook relative to the previous DFS, released in February, has...

Alphamin publish full DFS study for Bisie

Post By: Tom Mulqueen on Tuesday, 29 March 2016

Canada-listed Alphamin Resources Ltd. (TSX-V: AFM) has published the full, NI 43-101compliant, Definitive Feasibility Study (DFS) for its Bisie tin project, in North Kivu, DR Congo. The study, led by MDM Engineering, concludes that the project is economically viable, technically credible and environmentally sound at current tin prices.

The report estimates cash costs for each tonne of contained tin produced totalling $8,448, including $2,671 for mining, $1,755 for processing, $1,550 for administration, $863 for transport, $1,458 for marketing and...

Alphamin announces US$10 million investment by IDC

Post By: Tom Mulqueen on Wednesday, 11 November 2015

TSX-V listed Alphamin Resources Corp. has announced an agreed investment worth up to US$ 10 M by the Industrial Development Corporation of South Africa Ltd. (IDC) in return for a 14.25% equity stake in Alphamin DR, the companies subsidiary in the Democratic Republic of Congo (DRC)

Interim Alphamin CEO, Boris Kamstra, said: "The IDC's investment into Alphamin DRC represents a vote of confidence for Alphamin from a significant experienced long term investor. We look forward to working with the...

Drilling at Bisie continues to show promise

Post By: Tom Mulqueen on Friday, 17 July 2015

Canadian listed Alphamin Resources Corp (AFM: TSXV) has reported positive results from infill drilling at its Mpama North prospect and drilling of the company’s new discovery, The Wedge, both part of its Bisie Tin Project in DR Congo.

Ten additional drill holes in The Wedge area to the south east of Mpama North have returned significant tin mineralisation including 18.4 metres at 6.6% Sn from 122.6 metres depth. An updated Mineral Resource Estimate is planned for early in Q3...

Alphamin reports updated mineral resource for Bisie

Post By: Tom Mulqueen on Tuesday, 31 March 2015

Canadian listed, Alphamin Resources Corp. (TSX-V: AFM) has released an updated, JORC compliant mineral resource for the Mpama North deposit, part of its Bisie tin project in North Kivu, DRC. Indicated resources total 2.65 Mt at 4.49% Sn, equal to 119,240 tonnes of contained tin, and inferred resources total 1.2 Mt at 3.6% Sn for 42,800 tonnes of contained tin, with both figures using a 0.5% Sn cut-off.

95% of the Mpama North resource is accounted for by the...

Alphamin reports planned share offering

Post By: Tom Mulqueen on Friday, 05 December 2014

TSXV listed Alphamin Resources Corp. has announced plans for a non-brokered private placement to raise C$15 million. Insiders at Alphamin are expected to subscribe to C$12.25 million of the placement, the proceeds from which will provide working capital and funding for completion of the DFS, exploration work and long lead item procurement for mine construction at Alphamin's Bisie Tin Prospect.

Alphamin is focused primarily on tin and has five 100% owned permits in the north Kivu Province, DRC. The...

High grades drilled amid uncertainty at Bisie

Post By: Tom Mulqueen on Wednesday, 29 October 2014

Promising results of a deep drilling program at the Bisie tin prospect in east-central Democratic Republic of the Congo (DRC) have recorded 25m of 7.98% Sn. However, uncertainty still remains regarding the future of artisanal miners in the area despite the validation of seven mine areas elsewhere.

The resource infill and deep drilling program has also confirmed continuation of tin mineralisation at depths greater than 400 metres with potential for further mineralisation to the north of the Mpama North...

Alphamin resumes drilling at Bisie

Post By: Tom Mulqueen on Thursday, 25 September 2014

Alphamin Resources has recommenced drilling at its Bisie tin prospect following assurances from the Democratic Republic of Congo government over security. An incident in July had resulted in all staff being evacuated from the site.

Bisie and the surrounding Walikale area in central DRC has been subject to ongoing disputes regarding the rights of artisanal miners, who undertook significant mining at Bisie between 2007 and 2010. Since the government backed Alphamin project took over operations in the area, future...