Alphamin Resources Corp. : UPDATE ON BISIE TIN PROJECT
(Thomson Reuters ONE) -
205 - 16055 Fraser Highway, Surrey, B.C. V4N 0G2 Tel: (604) 507-2181 Fax: (604)
507-2187
www.alphaminresources.com
News Release 2012-1
Bisie Tin Project (70% AFM)
Vancouver, Canada - January 30, 2012 - Alphamin Resources Corp. (AFM: TSXV,
"Alphamin" or the "Company") is pleased to announce that it has completed a
detailed review of all historical data on its Bisie Tin Project in the North
Kivu Province, east central Democratic Republic of Congo ("DRC").
The high grade Bisie tin deposit on PR 5266 is located within the Walikale
District roughly 140km west-northwest of the regional centre of Goma which is
located on the border with Rwanda, which has excellent infrastructure being one
of the best developed countries in Africa.
Historic production
Tin was first discovered at Bisie in 2004 and was mined illegally until recent
times. The deposit is unique with grades of 50-95% SnO2 (tin oxide -
cassiterite) which attracted a large informal mining and support community.
Official recorded production figures for Bisie for 2009 were 6,840 tons of tin
concentrate although 10,000 tons of concentrate are more likely due to under
declaration to avoid high taxes imposed by the Government of DRC. The Government
imposed a moratorium on small scale tin mining in 2010 which saw a mass movement
of people off the property thereby creating a favorable environment for the
Company to commence with detailed exploration programs at Bisie.
Work Completed
Work to date included a number of reconnaissance mapping and sampling trips, a
literature search and compilation, satellite imagery interpretation and
mineralogical and petrological studies.
Twenty one rock samples submitted to accredited ACME Laboratories, Vancouver,
Canada for analysis. High grade tin results, 50-95% SnO2 (cassiterite) for Bisie
ore are summarized in Table 1. Results also show significant tin mineralization
in chlorite schist 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 in the world due to its high grade and
presence of rare earth elements up to 0.5%.
Samples were collected from two areas roughly 900 metres apart on a 9 kilometre
ridge. It is likely that additional tin occurrences will be discovered along the
ridge from routine exploration.
Tin mineralization is within a set of north-south trending quartz/cassiterite
veins which occupy a suite of fractures within sericite-chlorite schists which
jointly cover 1,500 metres. Three sets of veins roughly 1 metre wide coalesce
to form a single high grade chute at depth at the "Gecomines" workings to the
north. The "Golgotha" workings to the south consist of a 10-20m wide set of
veins which have been mined down to much shallower depths.
Interpretation of the satellite imagery which was confirmed by reconnaissance
mapping shows that the granite contact lies roughly 3 kilometres to the west of
the Bisie occurrence. The mineral composition of the ore reveals its low
temperature origin and a hidden intrusion of fractionated granite which is a
likely source of the quartz veining and associated cassiterite mineralization.
Pure quartz vein and the dominant tin mineralization are part of the last phases
of post-granite metallogenesis. It is highly likely therefore that
mineralisation at Bisie will continue for considerable depths below surface. The
deepest artisanal adit reached 165 metres with no decrease in the high grade of
the ore.
Alphamin is in negotiations with several drilling contractors and intends to
commence drilling during the first Quarter of 2012. Soil sampling and trenching
programs are also planned to define the extent of tin mineralization along the
ridge.
The Company has established an office in Goma, is fully staffed and is
financially well positioned to commence with full scale exploration in early
2012.
Lars Pearl, a qualified person under National Instrument 43-101, has verified
technical data disclosed in this release.
ON BEHALF OF THE BOARD OF DIRECTORS
"Cosme Maria Beccar Varela"
Cosme Maria Beccar Varela,
President and CEO
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.
This News Release contains forward-looking statements. Forward-looking
statements are statements which relate to future events. These statements are
only predictions and involve known and unknown risks, uncertainties and other
factors that may cause our or our industry's actual results, levels of activity,
performance or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or implied by these
forward-looking statements. While these forward-looking statements, and any
assumptions upon which they are based, are made in good faith and reflect our
current judgment regarding the direction of our industry, actual results will
almost always vary, sometimes materially, from any estimates, predictions,
projections, assumptions or other future performance suggested herein.
+---------+---------+--------------------------------------+----------+--------+
|Sample No|Workings | Sample Description |SnO2 (ppm)|SnO2 (%)|
+---------+---------+--------------------------------------+----------+--------+
| CS 1003 |Gecomines|Massive cassiterite - high grade chute| >20000 | |
+---------+---------+--------------------------------------+----------+--------+
| CS 1004 |Gecomines|Mineralized schist, talus block | >10000 | |
+---------+---------+--------------------------------------+----------+--------+
| CS 1005 |Gecomines|Green chloritic host rock | 753 | |
+---------+---------+--------------------------------------+----------+--------+
| CS 1007 |Gecomines|Green mineralized chlorite schist with| | |
| | |casiterite pieces | 4089 | |
+---------+---------+--------------------------------------+----------+--------+
| CS 1008 |Gecomines|Green chloritic host rock | 8106 | |
+---------+---------+--------------------------------------+----------+--------+
| CS 1009 |Gecomines|Green chloritic host rock | 2752 | |
+---------+---------+--------------------------------------+----------+--------+
| CS 1010 |Gecomines|Green, red, pink brown stained, | | |
| | |disseminated cassiterite | >20000 | >90% |
+---------+---------+--------------------------------------+----------+--------+
| CS 1011 |Gecomines|Hematite, limonite stained | | |
| | |miner,chlorite schist | 3695 | |
+---------+---------+--------------------------------------+----------+--------+
| CS 1012 |Gecomines|Vein, green, limonite stained chlorite| | |
| | |schist with prominent cassiterite | >20000 | |
+---------+---------+--------------------------------------+----------+--------+
| CS 1013 |Gecomines|Green rock with massive cassiterite | | |
| | |and sugary quartz | >20000 | >80 % |
+---------+---------+--------------------------------------+----------+--------+
| CS 1014 |Gecomines|Green rock with massive cassiterite, | | |
| | |limonite/hematite staining | >20000 | 95% |
+---------+---------+--------------------------------------+----------+--------+
| CS 1015 |Gecomines|Ochre sugary quartz with cassiterite | | |
| | |laminae | >20000 | 95% |
+---------+---------+--------------------------------------+----------+--------+
| CS 1016 |Gecomines|Green brown mineralized chloritic | | |
| | |schist, striated | >10000 | 80% |
+---------+---------+--------------------------------------+----------+--------+
| CS 1018 |Gecomines|Green/brown massive cassiterite | | |
| | |impregnation, moderate limonite | | |
| | |staining | >20000 | 60% |
+---------+---------+--------------------------------------+----------+--------+
| CS 1019 |Gecomines|Red cassiterite | >20000 | 80% |
+---------+---------+--------------------------------------+----------+--------+
| CS 1022 |Golgotha |Green gray massive cassiterite with | | |
| | |chlorite | >20000 | 80% |
+---------+---------+--------------------------------------+----------+--------+
| CS1040 |Gecomines|Cassiterite impregnation, 30m fm entry| | |
| | |to tunnel | >20000 | 50% |
+---------+---------+--------------------------------------+----------+--------+
| CS1042 |Golgotha |Central tunnel, cassiterite, chlorite,| | |
| | |15m fm entry | >10000 | |
+---------+---------+--------------------------------------+----------+--------+
Table 1: Tin results from historical workings at Bisie. Samples were analysed at
ACME Laboratories in Vancouver, Canada where a 0.5 g split was digested in Aqua
Regia and analysed by ICP Mass Spectrometry to report the precious and base
metals
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Alphamin Resources Corp. via Thomson Reuters ONE
[HUG#1581231]
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Datum: 31.01.2012 - 10:00 Uhr
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News-ID 109206
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