The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

Alphamin Resources Corp.: Drilling Commences on the Bisie Tin Project, North Kivu Province, DRC

Monday, July 09, 2012

Alphamin Resources Corp.: Drilling Commences on the Bisie Tin Project, North Kivu Province, DRC15:53 EDT Monday, July 09, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2012) -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 commenced drilling on its Bisie Tin Project ("Bisie") in the North Kivu Province, Democratic Republic of the Congo ("DRC"). An initial drilling program of 2,800 metres is planned to test the two main zones worked extensively by artisanal miners roughly 100m vertically below surface. Holes will cover 700m of delineated tin mineralisation. Tin mineralization is within a set of high grade north-south trending quartz/cassiterite veins in schists exposed over 1km along a ridge which transgresses the project for more than 9km. Rock Drilling Congo (DRC) SPRL has been contracted for the initial drilling programme. Half core samples will be submitted to accredited ALS Chemex laboratory in Johannesburg where samples will be analyzed using ME-XRF05 conducted on a pressed pellet with 10% precision and an upper limit of 10 000ppm. Over limit samples will be sent to Vancouver for ME-XRF10 which uses a Lithium Borate 50:50 flux with an upper detection limit of 60% and precision of 5%. Industry accepted QA/QC checks will be applied including use of duplicates, standards and blanks.First results are expected in August.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 DIRECTORSCosme Maria Beccar Varela, President and CEOForward-Looking StatementsCertain 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 Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.FOR FURTHER INFORMATION PLEASE CONTACT: Level 3, Gotthardstrasse 20, Ch-6304,Alphamin Resources Corp.Zug, Switzerland+41 41 711 02 81www.alphaminresources.comNeither 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.