PERRIERI OFFICE SUITES, C2-302, Level 3, Office Block C, La Croisette, Grand Baie 30517, Mauritius The above media statement and accompanying material for media use are issued by ALPHAMIN RESOURCES CORP. without embargo unless an embargo is indicated above
NEWS RELEASE
C/o ADANSONIA MANAGEMENT SERVICES LIMITED, Suite 1,
PERRIERI OFFICE SUITES, C2-302, Level 3, Office Block C,
La Croisette, Grand Baie 30517, Mauritius
The above media statement and accompanying material for media use are issued by
ALPHAMIN RESOURCES CORP. without embargo unless an embargo is indicated above
ALPHAMIN REPORTS THE BEST HIGH-GRADE DRILLING INTERCEPTS TO DATE AT
MPAMA SOUTH
26 April 2022 – Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX, “Alphamin” or the
“Company”), a producer of 4% of the world’s mined tin1 from its high-grade operation in the
Democratic Republic of Congo, is pleased to announce the latest drill results from its Bisie Tin
Complex.
HIGHLIGHTS
Mpama South high-grade assay results received2, including:
BGH110: 17.5 metres @ 5.57% Sn from 459.2 metres, including 8.6 metres
@ 10.35% Sn from 468.1 metres, the best intercept to date;
BGH111: 15.3 metres @ 4.37% Sn from 334.4 metres,
BGH107: 7.2 metres @ 6.0 % Sn from 496.9 metres, including 4.0 metres @
10.31% Sn from 498.2 metres
BGH104: 16.2 metres @ 3.01% Sn, including 5.75 metres @ 6.94 % Sn, both
from 459.4 metres
Mpama North high-grade assay results2 received, including:
MND019: 14.4 metres @ 21.75% Sn from 432.2 metres, including 6.8 metres
@ 40.57% Sn from 436.4 metres
MND020: 14.4 metres @ 5.92% Sn, including 11.0 metres @ 7.51% Sn, both
from 484.9 metres
Significant additional resource growth potential at Mpama South - drilling is on-going
with considerable mineralisation intercepted beyond the updated Mineral Resource
boundary announced on 29 March 2022.
Chief Executive Officer, Maritz Smith comments:
“These thick and high-grade extension results underpin our confidence in Mpama South’s on-
going resource growth prospects and further justifies our decision to commence with development
activities without delay.”
1 Data obtained from International Tin Association Tin Industry Review 2020
2 All intercepts are reported as apparent widths and are not true widths
Mpama South Drilling Update
Mpama South is the high-grade tin development project adjoining the southern end of Alphamin’s
operating Mpama North mine. Subsequent to the updated Mineral Resource for Mpama South
announced on 29 March 2022 based on 102 drillholes, the Company has received results for a
further 12 drillholes.
The majority of the newly received assays are extensional in nature and comprise intercepts
outside of the current Mineral Resource. They will be incorporated in an update to the Mpama
South Mineral Resource targeted for release during Q2 2022 (Figure 1). Mineralisation remains
open in multiple directions at Mpama South and management are confident in the project’s on-
going resource growth prospects. The drilling program switched to an infill focus in March 2022
in order to increase the confidence of Inferred and Indicated Resources at Mpama South.
Subsequent drilling outside of the current Mineral Resource area has intersected visual cassiterite
and batches of results expected to be received in the coming months will be for areas outside of
the current Mineral Resource as well as in-fill (Figure 1).
The recent batch of results include the best intercepts received to date at Mpama South with
several thick and high-grade intercepts on the down dip side of the deposit. Selected significant
intercepts from the most recently received batches of drillhole assays are listed below as apparent
widths:
Figure 1: Mpama South Exploration Results and Visual Cassiterite Intercepts Awaiting Assay
Source: Alphamin 2022
BGH110: 17.5 metres @ 5.57% Sn from 459.2 metres, including 8.6 metres @ 10.35%
Sn from 468.1 metres, the best intercept to date at Mpama South;
BGH111: 15.3 metres @ 4.37% Sn from 334.4 metres,
BGH107: 7.2 metres @ 6.0 % Sn from 496.9 metres, including 4.0 metres @ 10.31%
Sn from 498.2 metres
BGH104: 16.2 metres @ 3.01% Sn, including 5.75 metres @ 6.94 % Sn, both from
459.4 metres
The complete list of assayed intercepts to date is shown in Appendix 2.
Mpama North Drilling Update
Expansion drilling re-commenced on the Mpama North Mine in July 2021, starting with the Mpama
North Deeps target. The first drillholes showed increased structural complexity associated with a
cross-cutting fault limiting the extents of the target. However, several thick and high-grade
intercepts of visual cassiterite were intersected at the Deeps target between this cross-cutting
fault and the deepest intercepts from the 2015 drilling, extending known mineralisation along
strike northwards.
The most significant intercepts from the recently received batches of drillhole assays in the Deeps
target are listed below as an apparent width:
MND019: 14.4 metres @ 21.75% Sn from 432.2 metres, including 6.8 metres @
40.57% Sn from 436.4 metres
MND020: 14.4 metres @ 5.92% Sn, including 11.0 metres @ 7.51% Sn, both from
484.9 metres
Drilling of the “East-Extension” target at Mpama North commenced in April 2022. The target is
immediately below and to the east of the current Mineral Resources at Mpama North which remain
open in this area. Several drillholes in the pre-mining exploration drilling campaigns did intercept
the tell-tale alteration associated with mineralisation as well as thin mineralisation in the area and
expectations are that mineralisation continues eastwards.
Qualified Persons
Mr Jeremy Witley, Pr. Sci. Nat., B.Sc. (Hons.) Mining Geology, M.Sc. (Eng.), is a qualified person
(QP) as defined in National Instrument 43-101 and has reviewed and approved the scientific and
technical information contained in this news release. He is a Principal Mineral Resource
Consultant of The MSA Group (Pty.) Ltd., an independent technical consultant to the Company.
____________________________________________________________________________
FOR MORE INFORMATION, PLEASE CONTACT:
Maritz Smith
CEO
Alphamin Resources Corp.
Tel: +230 269 4166
E-mail: [email protected]
____________________________________________________________________________
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Information in this news release that is not a statement of historical fact constitutes forward-
looking information. Forward-looking statements contained herein include, without limitation,
statements relating to the anticipated future exploration and resource estimation activities and
outcomes and the timing thereof. Forward-looking statements are based on assumptions
management believes to be reasonable at the time such statements are made. There can be no
assurance that such statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Although Alphamin has attempted to identify
important factors that could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause results not to be as anticipated,
estimated or intended. Factors that may cause actual results to differ materially from expected
results described in forward-looking statements include, but are not limited to: uncertainty of future
exploration and assay results and consistency with past results and expectations; uncertainties
inherent in estimates of Mineral Resources, global geopolitical and economic uncertainties,
volatility of metal prices, uncertainties with respect to social, community and environmental
impacts, uninterrupted access to required infrastructure, adverse political events, impacts of the
global Covid-19 pandemic as well as those risk factors set out in the Company’s Management
Discussion and Analysis and other disclosure documents available under the Company’s profile
at www.sedar.com. Forward-looking statements contained herein are made as of the date of this
news release and Alphamin disclaims any obligation to update any forward-looking statements,
whether as a result of new information, future events or results or otherwise, except as required
by applicable securities laws.
Neither 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.
Appendix 1: SAMPLE PREPARATION, ANALYSES AND QUALITY CONTROL AND QUALITY
ASSURANCE (QAQC)
For sample preparation, analyses and quality control and quality assurance, see the Company’s
news release dated 07 March 2022 entitled “ALPHAMIN ANNOUNCES MAIDEN MINERAL
RESOURCE ESTIMATE AND POSITIVE PRELIMINARY ECONOMIC ASSESSMENT FOR
MPAMA SOUTH”
Appendix 2: SIGNIFICANT INTERCEPTS (0.5% Sn lower threshold)
Mpama South Drillholes prefixed “BGH”
Mpama North Drillholes prefixed “MND”
Hole Easting Northing RLm Azi (°) Dip (°) From To Sn % Width Sample Position
GPS GPS (m)1 mid_x mid_y mid_z
BGH017 582535 9884822 732 55 -10 237.8 238.8 4.99 1 582,732 9,884,966 678.6
BGH018 582535 9884822 732 93 0 141.2 144.35 2.07 3.15 582,691 9,884,820 727.9
145.75 151 0.76 5.25 582,696 9,884,820 727.9
BGH019 582535 9884822 732 85 -5 147 152 2.05 5 582,696 9,884,837 715.8
BGH020 582535 9884822 732 84 -15 160.6 164.4 1.45 3.8 582,704 9,884,846 689.3
169.3 171.1 5.42 1.8 582,711 9,884,846 687.7
BGH021 582535 9884822 732 93 -15 109.15 110.25 3.2 1.1 582,654 9,884,821 700.1
164.6 167.32 3.29 2.72 582,708 9,884,818 687.6
BGH022 582554 9884785 732 90 0
75 80.53 3.99 5.53 582,633 9,884,784 729.3
109 110 1.35 1 582,664 9,884,785 729.9
119.22 122.1 2.22 2.88 582,676 9,884,785 730.1
BGH023 582535 9884822 732 75 -15 171.43 174.32 1.72 2.89 582,710 9,884,859 683.7
175.85 178 1.09 2.15 582,714 9,884,860 683
BGH024 582554 9884785 732 103 -5 127.7 129.6 0.54 1.9 582,679 9,884,749 717.2
137.95 142 1.13 4.05 582,690 9,884,746 716.2
BGH025 582535 9884822 732 55 -20
212.25 213.4 0.6 1.15 582,724 9,884,919 662.3
218 221.45 2.29 3.45 582,731 9,884,921 660.7
222.7 223.7 13.05 1 582,734 9,884,923 659.9
228 234.8 2.73 6.8 582,741 9,884,926 658
BGH026 582554 9884785 732 113 -10
103.71 108 3.3 4.29 582,649 9,884,735 713.7
134.8 136.45 3.72 1.65 582,676 9,884,722 708.6
161 162.5 5.61 1.5 582,699 9,884,711 704.5
BGH030 582554 9884785 732 115 -20
110 111.4 7.24 1.4 582,655 9,884,753 692.2
141.9 152.5 4.85 10.6 582,686 9,884,745 680
158 161.2 3.61 3.2 582,699 9,884,742 675.3
174.45 175.8 11.03 1.35 582,713 9,884,738 670.5
BGH032 582554 9884785 732 125 -20
177 178.72 1.7 1.72 582,692 9,884,684 671.3
182 188.25 3 6.25 582,697 9,884,679 669.1
190.25 193 0.95 2.75 582,702 9,884,676 667.2
194.4 202 1.37 7.6 582,707 9,884,672 665.3
203.5 208 2.67 4.5 582,713 9,884,668 663.2
BGH034 582554 9884785 732 115 -25
174.8 178 11.99 3.2 582,689 9,884,696 653.3
195.7 200 1.21 4.3 582,706 9,884,686 644.8
202.37 206.65 1.86 4.28 582,711 9,884,683 642.3
208 213.3 1.4 5.3 582,716 9,884,680 640.1
216.25 221.3 1.42 5.05 582,722 9,884,676 637.3
225.65 231 0.7 5.35 582,730 9,884,671 634
BGH027 582544 9884822 732 68 -27
212.35 214 0.58 1.65 582,729 9,884,879 634
226 229.3 1.32 3.3 582,741 9,884,883 628.4
235.45 236.58 1.54 1.13 582,749 9,884,885 625.2
BGH028 582554 9884785 732 90 -10
125 126 1.72 1 582,676 9,884,772 700.9
136.1 137.18 1.85 1.08 582,687 9,884,770 698.4
140.28 142 1.03 1.72 582,691 9,884,770 697.4
147.46 151.25 2.88 3.79 582,699 9,884,769 695.5
BGH029 582544 9884822 732 93 -25
126 128.35 4.66 2.35 582,663 9,884,826 678.5
178.9 184.05 1.25 5.15 582,713 9,884,827 657.7
193.7 196.05 3.95 2.35 582,726 9,884,827 653
BGH031 582544 9884822 732 75 -25 208 211.53 0.99 3.53 582,729 9,884,876 639.9
219.4 222.38 1.16 2.98 582,739 9,884,879 636
BGH033 582544 9884822 732 60 -27 259 265.46 7.32 6.46 582,756 9,884,929 612.8
268.53 270.52 1.02 1.99 582,762 9,884,931 610
BGH035 582554 9884785 732 90 -25
152 165 2.96 13 582,686 9,884,816 665
171 173.6 1.47 2.6 582,703 9,884,815 657.4
176.6 180.08 2.4 3.48 582,709 9,884,814 654.9
147.45 151.35 2.31 3.9 582,687 9,884,878 724.8
BGH036 582544 9884822 732 65 0 156.63 160.65 0.93 4.02 582,696 9,884,881 724.7
BGH037 582554 9884785 732 105 -30
154 157 3.81 3 582,680 9,884,741 647.5
194.6 197.55 1.54 2.95 582,712 9,884,730 626
207.95 211.18 1.29 3.23 582,723 9,884,726 619.3
216.25 220.15 2.79 3.9 582,730 9,884,723 615.1
222.4 226.7 1.77 4.3 582,735 9,884,721 612.1
BGH038 582544 9884822 732 75 -30
151.7 154.6 5.22 2.9 582,677 9,884,851 654.3
218.3 223.65 3.38 5.35 582,735 9,884,861 621.4
226.7 231.5 1.95 4.8 582,743 9,884,862 617.6
BGH039 582554 9884785 732 100 -22
112.08 113 2.12 0.92 582665.1 9,884,755 687.6
116.3 120.95 3.33 4.65 582,661 9,884,753 686.1
145 166 2.2 21 582,696 9,884,744 674.2
174.5 176 0.95 1.5 582,713 9,884,739 668.9
BGH040 582544 9884822 732 60 -30 232 233 0.95 1 582,725 9,884,922 618.2
273.7 277.05 3.79 3.35 582,761 9,884,937 600
BGH041 582500 9884847 732 55 -25 340 344.5 3.03 4.5 582,807 9,885,002 599.5
BGH042 582544 9884822 732 60 -35
277.35 280 1.93 2.65 582,751 9,884,922 569.4
308.5 312 0.62 3.5 582,776 9,884,932 552.6
313 315.55 1.52 2.55 582,779 9,884,933 550.5
BGH043 582544 9884822 732 100 -10
102.5 104.15 2.69 1.65 582,644 9,884,808 709
123 124 1.06 1 582,663 9,884,805 704.8
163.64 167 2.82 3.36 582,704 9,884,798 696.7
BGH044 582500 9884847 710 70 -35 330 334.13 1.31 4.13 582,764 9,884,941 533.4
BGH045 582544 9884822 732 100 -20
120.65 121.75 31.55 1.1 582,656 9,884,806 687.4
156 159.4 0.56 3.4 582,689 9,884,799 674.7
176.7 183.62 3.24 6.92 582,708 9,884,795 668.1
BGH046 582544 9884822 732 100 -30
195.18 206 2.85 10.82 582,712 9,884,795 630.5
212.53 215.18 1.9 2.65 582,723 9,884,793 623.7
218 220.6 7.16 2.6 582,728 9,884,792 620.8
225 226 4.36 1 582,733 9,884,791 617.7
BGH047 582565 9884535 718 60 0 121.58 124.57 0.91 2.99 582,653 9,884,879 739.2
147.09 148.09 1.28 1 582,675 9,884,889 741.1
BGH048 582567 9884509 727 90 0 140.75 143.05 0.9 2.3 582,708 9,884,496 727.7
146.53 148 0.74 1.47 582,713 9,884,495 728
BGH049 582565 9884535 718 65 -15 145.4 147.4 4.27 2 582,689 9,884,599 674.5
BGH050 582567 9884509 727 105 -5 160 161.38 1.06 1.38 582,722 9,884,469 711.7
BGH051 582565 9884535 718 40 0
134.8 137 2.23 2.2 582,662 9,884,630 712.3
151 156.3 1.2 5.3 582,675 9,884,642 711.4
164.18 169.45 3.95 5.27 582,685 9,884,651 710.8
171.27 172.57 4.08 1.3 582,688 9,884,655 710.6
BGH052 582567 9884509 727 120 0 205.9 207.1 1.86 1.2 582,732 9,884,385 722.9
BGH053 582565 9884535 718 40 -15
173.73 176.93 9.58 3.2 582,685 9,884,653 669.2
178.55 181.43 4.07 2.88 582,688 9,884,656 667.9
192.41 196.86 3.28 4.45 582,698 9,884,666 664
198.86 206.77 2.45 7.91 582,704 9,884,671 661.8
207.53 209.5 5.04 1.97 582,708 9,884,675 660.3
214.65 216 2.32 1.35 582,713 9,884,680 658.6
BGH054 No significant intercepts
BGH055 582565 9884535 718 80 -15 145 146 0.62 1 582,705 9,884,549 682.7
BGH056 No significant intercepts
BGH057 No significant intercepts
BGH058 582565 9884510 727 95 -5 153.35 155.6 1.98 2.25 582,717.30 9,884,501.20 703.9
BGH059 582567 9884536 718 95 0 165 166 3.63 1 582,732.30 9,884,528.30 714.4
BGH060 No significant intercepts
BGH061 582567 9884536 727 130 -10 157.57 159.19 1.22 1.62 582,719 9,884,525 677.7
BGH062 582567 9884537 718 95 -15 154 156 2.18 2 582,695 9,884,589 650.2
BGH063 582782 9884646 829 270 -70
186.25 194.37 0.82 8.12 582,719 9,884,661 650.5
197.42 202.45 1.12 5.03 582,715 9,884,661 641.8
205 209.05 0.83 4.05 582,712 9,884,661 635.4
211.13 218.9 2.06 7.77 582,709 9,884,661 628.3
220.4 222.55 0.86 2.15 582,706 9,884,661 622.5
231 233 0.87 2 582,701 9,884,661 613
BGH064 582888 9884976 839 270 -50 220.8 222.6 0.63 1.8 582,746 9,884,976 668.9
BGH065 582913 9885057 819 270 -60 271 275.95 2.93 4.95 582,769 9,885,057 586.1
291.56 292.56 1.7 1 582,759 9,885,057 570.9
BGH066 582888 9884976 839 270 -60 276 278.59 8.49 2.59 582,754 9,884,965 596.1
300 301 1.78 1 582,742 9,884,965 576.6
BGH067 582913 9885057 819 270 -67
295.75 300.47 3.21 4.72 582,789 9,885,065 548.1
303 304.62 1.56 1.62 582,786 9,885,065 543.1
337 338 0.55 1 582,769 9,885,068 514.3
BGH068 582913 9885057 819 270 -50 247 248.2 2.1 1.2 582,749 9,885,051 633.1
251.8 255.1 1.75 3.3 582,745 9,885,051 628.8
BGH069 582888 9884976 839 270 -70 321.8 324.73 3.84 2.93 582,779 9,884,962 534.7
BGH070 582913 9885057 819 270 -73 331 336.35 3 5.35 582,802 9,885,040 505.2
BGH071 No significant intercepts
BGH072 582852 9884845 831 270 -67 274.6 279.7 2.7 5.1 582,749 9,884,847 574
290.4 294.8 3.61 4.4 582,742 9,884,847 560
BGH073 582731 9884691 838 280 -60 121 123 0.72 2 582,671 9,884,702 731.9
BGH074 582944 9885130 798 270 -67
278.9 283.93 2.85 5.03 582,810 9,885,137 551.2
285.49 289.1 1.6 3.61 582,807 9,885,138 546.3
294.51 297.3 7.14 2.79 582,802 9,885,139 539.1
299.65 303.34 0.53 3.69 582,799 9,885,139 534.5
BGH075 582731 9884691 838 270 -70
115.4 116.65 6.76 1.25 582,690 9,884,690 729.4
119.5 120.8 15.22 1.3 582,688 9,884,690 725.7
125.09 129.8 3.56 4.71 582,684 9,884,690 719.3
162.55 164.63 8.94 2.08 582,667 9,884,689 687.8
BGH076 582752 9884801 849 300 -40
108 109 0.84 1 582,682 9,884,844 779.6
118.8 119.45 3.71 0.65 582,675 9,884,848 772.7
128.15 131 2.82 2.85 582,668 9,884,852 765.8
136.7 137 0.97 0.3 582,663 9,884,855 761
BGH077 582944 9885130 798 270 -72
316.84 321.2 2.57 4.36 582,830 9,885,130 501.7
323 328.36 2.56 5.36 582,827 9,885,130 495.8
329.06 330.13 0.52 1.07 582,825 9,885,130 492.4
335.25 337.36 9.63 2.11 582,822 9,885,130 486.5
339.77 340.07 7.07 0.3 582,820 9,885,131 483.4
BGH078 582752 9884801 849 280 -40
102 106 1.88 4 582,674 9,884,816 782.6
108 109 0.62 1 582,671 9,884,817 779.7
115 117.15 0.8 2.15 582,665 9,884,818 774.8
BGH079 582852 9884845 831 270 -73
290.15 294.4 1 4.25 582,765 9,884,842 552.6
296.3 302.3 9.46 6 582,763 9,884,841 546.1
304.81 305.7 18.75 0.89 582,761 9,884,841 540.5
312 313 1.08 1 582,758 9,884,841 533.8
316.9 321.63 4.65 4.73 582,755 9,884,840 527.5
322.57 328 5.41 5.43 582,753 9,884,840 522
328.95 329.48 1.59 0.53 582,751 9,884,840 518.4
340.68 341.42 4.29 0.74 582,747 9,884,839 507.6
BGH080 582944 9885130 798 270 -75
339.9 343.6 1.05 3.7 582,853 9,885,141 469.2
345 346.55 4.11 1.55 582,851 9,885,141 465.5
360.7 361 11.95 0.3 582,846 9,885,143 451.5
BGH081a 583022 9885299 776 270 -50 269 274.56 1.99 5.56 582,838 9,885,306 578.6
275.56 275.86 0.64 0.3 582,835 9,885,307 576
BGH082a 583013 9885209 752 270 -50
263.83 266.3 3.43 2.47 582,836 9,885,222 556
268.35 269.15 3.32 0.8 582,833 9,885,223 553.5
276.97 277.27 15.65 0.3 582,827 9,885,224 547.9
BGH083 No significant intercepts
BGH084 583023 9885299 776 270 -57 278.95 280.9 6.25 1.95 582,857 9,885,307 552.8
283.06 286.31 1.28 3.25 582,854 9,885,307 549.2
BGH085 583023 9885299 776 270 -65 294.65 298.35 0.83 3.7 582,890 9,885,304 512.9
BGH086 583013 9885208 752 270 -57 275.35 280.78 3.07 5.43 582,847 9,885,214 530.1
286.05 286.51 18.9 0.46 582,841 9,885,215 524.4
BGH087 583023 9885299 777 270 -75 263.75 264.28 0.59 0.53 582,946 9,885,305 525.0
BGH088 583012 9885208 752 270 -67
297.74 299.46 11.93 1.72 582,876 9,885,221 487.3
301 301.77 6.79 0.77 582,875 9,885,221 485.0
303.7 304 2.47 0.3 582,873 9,885,222 483.0