Alphamin Recommences Drilling on Its 100% Owned Bisie Tin Project, DRC
September 19, 2014 (Source: Marketwired) — Alphamin Resources Corp. (TSX VENTURE:AFM) (“Alphamin” or the “Company“) is pleased to announce that following the security incident which took place on 16 July 2014, drilling has recommenced at the Mpama South target on its wholly owned Bisie Tin Prospect (Bisie Project) in east central Democratic Republic of Congo (DRC).
The resource and deep drilling programme at Mpama North will continue in October. The updating of the resource to NI 43-101 is delayed due to the incident and is now expected towards the end of the fourth quarter.
The Company has received resounding support at all Government and Ministerial levels as well as United Nations Mission in the DRC (MONUSCO) and is confident that it will continue to work uninterrupted until the eventual development of the mine at Bisie.
The Company will fast track community development and assistance programmes at Bisie and the greater Walikale area which will further demonstrate the company’s commitment to the local community through which good relations can be fostered for ongoing support of the project. This is in line with recent successful visits to Goma, Walikale, Bisie and Osokari area with community stake holders.
ON BEHALF OF THE BOARD OF DIRECTORS
Bruce Curling, CEO
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CAUTION REGARDING FORWARD LOOKING STATEMENTS
Information in this news release that is not a statement of historical fact constitutes forward-looking information. Such forward-looking information includes statements regarding the Company’s planned exploration programs. Actual results, performance or achievements of the Company may vary from the results suggested by such forward-looking statements due to known and unknown risks, uncertainties and other factors. Such factors include, among others, that the business of exploration for tin and other precious and base minerals involves a high degree of risk and is highly speculative in nature; few properties that are explored are ultimately developed into producing mines; geological factors; the actual results of current and future exploration; changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company’s publicly filed documents.
There can be no assurance that any mineralisation that is discovered will be proven to be economic, or that future required regulatory licensing or approvals will be obtained. However, the Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Assumptions have been made regarding, among other things, the Company’s ability to carry on its exploration activities, the sufficiency of funding, the timely receipt of required approvals, the price of tin and other precious and base metals, that the Company will not be affected by adverse political events, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain further financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information.
Alphamin does not undertake to update any forward-looking information, except as required by applicable laws.
- Prospect Name Changes
The two main target areas at Bisie, previously referred to as Gecomines and Golgotha, have been renamed to Mpama North and Mpama South respectively.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>