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Alphamin Resources Corp V.AFM

Alternate Symbol(s):  AFMJF

Alphamin Resources Corp. is a Mauritius-based company, which is engaged in the production and sale of tin concentrate from the Bisie Tin mine in the Democratic Republic of the Congo (DRC). The Company sells its product to one customer, Gerald Metals SA. The Company’s Mpama South development project is adjacent to the producing Mpama North mine and comprises a new underground development portal, processing plant and associated equipment. The Company has developed and brought the Bisie Tin Mine project in production.


TSXV:AFM - Post by User

Post by figtraderon Feb 27, 2023 10:08am
168 Views
Post# 35306948

In Other News

In Other News

Alphamin has ramped up its exploration drilling on the nearby Bisie Ridge. It tested highly anomalous targets found in 2021. So far, 8,773 metres of the phase one program have been completed. The remaining work is anticipated to be done by the end of this quarter.

Anomalous mineralization has been confirmed on the ridge. However, the company stated it is not of the type of mineralization usually seen at Mpama North and South deposits.

Anomalous =not what was expected....so this mineralization is not likely tin mineralization but perhaps mineralization of other elements such as the gold, bauzite, diamond, uranium and/or cobalt that are known to exist at Bisie.

With drilling anticipated to be wrapped up end of Q1, we will  wait for the results in the not too distant future!

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