AfriTin Mining Ltd Uis Exploration Drilling Down Dip Extensions (6257O)
October 11 2021 - 01:00AM
UK Regulatory
TIDMATM
RNS Number : 6257O
AfriTin Mining Ltd
11 October 2021
11 October 2021
AfriTin Mining Limited
("AfriTin" or the "Company")
Uis Exploration Drilling Down Dip Extensions
AfriTin Mining Limited (AIM: ATM), an African tech-metals mining
company with a portfolio of production, development, and
exploration assets in Namibia in tin, lithium and tantalum, is
pleased to provide a further update on its down dip extensional
drilling programme designed to elucidate mineralisation of the
V1/V2 pegmatite at depth.
Highlights
-- Drill results for the final five drill holes that intersected
the V1/V2 pegmatite demonstrate continuity of mineralisation at
depth, with the highest combined metal content intersection from
drill hole V1V2022, containing 0.17% Sn, 61ppm Ta and 1.33% Li(2)
O, over a 51m intersection at a depth of 201m to 252m;
-- Significant pegmatite intersections include:
-- 101.05m @ 0.164% Sn, 78ppm Ta and 0.52% Li(2) O in drill hole V1V2021
-- 164.09m @ 0.169% Sn, 57ppm Ta and 1.04% Li(2) O in drill hole V1V2022
-- 169.02m @ 0.171% Sn, 62ppm Ta and 0.81% Li(2) O in drill hole V1V2025
-- Drill hole intersections demonstrate the continuity of
mineralization, a potential upgrade to resources at depth and
support the lithium and tantalum by-product initiatives currently
underway.
Anthony Viljoen (CEO) Commented:
"We are pleased to announce these drill results showing the
extension of the V1/V2 pegmatite at depth, the consistent tin
grades and the substantial lithium grades, which serve to further
validate the planned expansions of the Phase 1 pilot processing
plant. We look forward to the initiation of another drilling
programme aimed at aligning the lithium and tantalum resource
confidence intervals with the current confidence interval for tin
within the current Mineral Resource Estimate, which we expect to
commence in quarter 4, 2021.
These high-grade drill hole intersections substantiate our
belief that AfriTin Mining is poised to become a leading supplier
of technology metals targeting a more diversified portfolio of
production in the future."
In addition to the drilling programme that validated the
historical drilling information from the Uis Tin Mine and resulted
in the declaration of the maiden JORC (2012) compliant Mineral
Resource Estimate (MRE), the team drilled several holes to
demonstrate continuity of mineralisation within the pegmatite at
depth by drilling to the west of known outcrop. This is the final
stage of the drilling programme announced on 16 September 2019,
which had been postponed due to the COVID-19 pandemic. The results
are set out here. The drill holes were geologically logged and
sampled at one-meter intervals wherever possible. Sample analysis
was undertaken by UIS Analytical Services, a certified independent
laboratory, with a portion being reanalysed at an independent
umpire laboratory. All samples passed internal and external
analysis QA/QC, providing further confidence in these drill
results. The major and minor elements were analysed by ICP-OES
methods and the trace elements by ICP-MS methods.
Table 1 provides the drill hole information for all the
mineralised holes/intervals. One hole, V1V2024, was terminated
prior to completion as it had severely deviated from the projected
drill path.
Table 1 : Exploration results for the 5 down dip drill holes
(widths reported indicate apparent intersection widths, not true
thickness) that intersected the V1/V2 pegmatite
Hole Dip Angle Pegmatite From To (m) Width Sn (%) Ta (ppm) Li2O
Unit (m) (m) (%)
--------- ----------- ----------- ------- ------- ------- ------- --------- -----
V1V2021 Vertical V1/V2 230.95 332.00 101.05 0.164 77.79 0.52
V1V2022 Vertical V1/V2 194.95 359.04 164.09 0.169 57.19 1.04
V1V2023 Vertical V1/V2 291.27 384.00 92.73 0.156 55.44 0.74
V1V2025 Vertical V1/V2 231.18 400.20 169.02 0.171 62.87 0.81
V1V2026 Vertical V1/V2 164.06 232.96 68.90 0.164 118.73 0.59
Competent Person Statement :
The technical data in this announcement has been reviewed by
Prof. Laurence Robb, who is a director of AfriTin Mining. Prof.
Robb has more than 30 years of industry related exploration and
mineral experience and is a Competent Person for the reporting of
exploration results. He has reviewed both the technical disclosures
in this release as well as the quality assurance protocols and
results for the assay campaign.
Glossary of abbreviations
Li Symbol for Lithium
Li(2) O Lithium oxide
Li -> Li(2) Metal to metal-oxide conversion factor of 2.153
O
ICP-MS Inductively Coupled Plasma-Mass Spectrometry
ICP-OES Inductively Coupled Plasma-Optical Emission Spectrometry
JORC The Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves
MRE Mineral Resource Estimate
PPM Parts Per Million
QA/QC Quality Assurance, Quality Control
Sn Symbol for Tin
Ta Symbol for Tantalum
V1/V2 Name of the targeted pegmatite orebody, V1/V2 denotes
where the V1 and V2 pegmatites have merged at depth
AfriTin Mining Limited +27 (11) 268 6555
Anthony Viljoen, CEO
Nominated Adviser +44 (0) 20 7220 1666
WH Ireland Limited
Katy Mitchell
Corporate Advisor and Joint Broker
H&P Advisory Limited
Andrew Chubb
Jay Ashfield
Nilesh Patel +44 (0) 20 7907 8500
Turner Pope
Andy Thacker
James Pope +44 (0) 20 3657 0050
Tavistock Financial PR (United
Kingdom) +44 (0) 20 7920 3150
Jos Simson
Nick Elwes
Oliver Lamb
About AfriTin Mining Limited
Notes to Editors
AfriTin Mining Limited is the first pure tin company listed in
London and its vision is to create a portfolio of globally
significant, conflict-free, tin-producing assets. The Company's
flagship asset is the Uis Tin Mine in Namibia, formerly the world's
largest hard-rock open cast tin mine.
AfriTin is managed by an experienced board of directors and
management team with a current strategy to ramp-up production at
the Uis Tin Mine in Namibia to 10,000 tonnes of concentrate in a
Phase 2 expansion, having reached Phase 1 commercial production in
2020. The Company strives to capitalise on the solid supply/demand
fundamentals of tin by developing a critical mass of tin resource
inventory, achieving production in the near term and further
scaling production by consolidating tin assets in Africa.
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