AlphaMin (AFM.V) has completed a 28-hole infill drill program at its Bisie tin project in the DRC. Of interest are intercepts of 15 meters at almost 8% tin and 29 meters at 3.3% tin. These are very impressive results as the company intersected very decent mineralized zones with an average rock value between $600 and $1700/tonne.
The company expects to release a maiden resource estimate any day now and plans to have the results of a Preliminary Economic Assessment by the end of this year, which should give us a good indication about the viability of this project.
It’s a pity this project is located in the DRC as one can never fully trust the local government over there. If this project would have been located anywhere else in the world, AlphaMin would have been trading much higher.
> Click here to read the press release
Disclosure: The author holds no position in AlphaMin. Please see our disclaimer for current positions.
