Page 11 - Maritz Smith News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Figure 1: Zone of massive visual Cassiterite in BGH030-10.6 metres @4.85% Sn Figure 2: Mpama South long section and potential new high-grade payshoot Alphamin Resources Corp, producer of 4% of the world’s mined tin, provides initial assay results and exploration updates on its drill programme in Mpama South. Alphamin Resources Corp (TSX:AFM) These drill results are very encouraging for the Mpama South Prospect and exceeded our expectations. Mineralisation within the Main and Footwall Zones point to another high-grade deposit.” — Maritz Smith, CEO Alphamin ResourcesLA CROISETTE, GRAND BA...

BGH025: Newly discovered footwall mineralised zone 2 BGH034 BGH022: BGH030: Chief Executive Officer, Maritz Smith comments: “These drill results are very encouraging for the Mpama South Prospect and exceeded our expectations. Mineralisation within the Main and Footwall Zones point to another high-grade deposit. We are encouraged by the Mineral Resource expansion potential within our mining permit, and our view that the 13km long Bisie Ridge hosts multiple high-grade mineralised systems continue to be reinforced by these results. This brings us closer to realising our vision of becoming ...

BGH025: Newly discovered footwall mineralised zone 2 BGH034 BGH022: BGH030: Chief Executive Officer, Maritz Smith comments: “These drill results are very encouraging for the Mpama South Prospect and exceeded our expectations. Mineralisation within the Main and Footwall Zones point to another high-grade deposit. We are encouraged by the Mineral Resource expansion potential within our mining permit, and our view that the 13km long Bisie Ridge hosts multiple high-grade mineralised systems continue to be reinforced by these results. This brings us closer to realising our vision of becoming ...

. . Operational and Financial Performance Contained tin sales of 3,351 tons was 45% higher than the previous quarter as we recouped the sales shortfall of Q4 2020. Contained tin production of 2,611 tons was impacted by a lower feed grade of 3.8% Sn compared to 4.2% Sn the previous quarter. Tin feed grades are variable between quarters but on average trend close to the targeted 4% Sn Reserve Grade over a rolling 12-month period. The processing plant performed well at an average recovery of 74% whilst treating more material than the previous quarter. EBITDA of $36,5m for Q1 2021 is 118% above t...

  2 Production information is disclosed on a 100% basis. Alphamin indirectly owns 84.14% of its operating subsidiary to which the information relates . Operational Performance Tin production increased 13% to a quarterly record of 2,898 tons and was higher than our previous market guidance of 2,600 to 2,800 tons. This outperformance was due to better than expected tin feed grades and plant recoveries. The processing plant performed at an average recovery of 74% for the quarter, including a record recovery of 77% achieved in December 2020. Quarterly sales decreased by 14% due to extreme seaso...