Because they choose to focus on a better tin prospect. They call...

First 3 Last

Share
Profile

Follow
greenmetals

621 Posts.

168

02/12/16

19:07

Post #: 21071642
Share

Originally posted by Haplo ↑

It would appear that Alphamin once held the tenements surrounding the mine. Does anyone know why and when these tenements were no longer theirs. They did pay $2M for them.

Alphamin closes acquisition of lands surrounding Manono mine in the Democratic Republic of the Congo

VANCOUVER, BRITISH COLUMBIA–(Marketwire – July 11, 2012) – Alphamin Resources Corp. (TSX VENTURE:AFM), (the "Company" or "Alphamin") wishes to announce that it has closed the acquisition of two permits surrounding the historic Manono Mine in Katanga Province in the Democratic Republic of the Congo. In consideration for acquiring the permits, Alphamin paid US$2 million in cash and issued 6,100,000 shares. The shares are subject to a hold period expiring on November 12, 2012.

The Manono Mine is the largest pegmatite hosted deposit of cassiterite, columbo-tantalite and lithium mined to date. The pegmatite is exposed over 14 kilometres and is open to the northeast and southwest with good potential of continuing onto the newly acquired tenements. Historically 180,000 tonnes of cassiterite (tin oxide) were mined during the Belgian colonial era. The mineralogy of the deposit is unique due to the high tonnages of spodumene which contains up to 2% lithium oxide and columbo-tantalite which made up 5% of the tin concentrate.
Lars Pearl, MAIG, a qualified person under National Instrument 43-101, has verified the technical data disclosed in this release.

Expand

Because they choose to focus on a better tin prospect. They call it the best tin project in the world: http://alphaminresources.com

And look at this: http://www.marketwired.com/press-re...oard-of-directors-tsx-venture-afm-1848610.htm

Klaus Eckhof knows exactly what he's buying....

Last edited by greenmetals: 02/12/16

AVZ Price at posting: 1.8¢ Sentiment: None Disclosure: Not Held
13 Upvote

0 Great analysis

Reply

Top Stories

DMP

Is Domino's a steal after -25% plunge?

KGD

Kula picks up unexplored niobium play in Malawi, with surface samples logged

Week 27 Wrap: 40% China tariffs?; ASX +10% FY25; US Amazon price spike

THL

Tourism Holdings says Liberation Day tariffs smashed US RV demand

OSL

OncoSil wraps up recruitment for key pancreatic cancer trial

HotCopper Highlights, Week 27: G8 scalped, Domino’s drops the box, Gemlife brief hype & more

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

I88

Infini Resources onto Phase 2 at Portland Creek after spotting 'widespread uranium'

NMG

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

First 3 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Because they choose to focus on a better tin prospect. They call...

Top Stories

Is Domino's a steal after -25% plunge?

Kula picks up unexplored niobium play in Malawi, with surface samples logged

Week 27 Wrap: 40% China tariffs?; ASX +10% FY25; US Amazon price spike

Tourism Holdings says Liberation Day tariffs smashed US RV demand

OncoSil wraps up recruitment for key pancreatic cancer trial

HotCopper Highlights, Week 27: G8 scalped, Domino’s drops the box, Gemlife brief hype & more

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

Infini Resources onto Phase 2 at Portland Creek after spotting 'widespread uranium'

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

Featured News