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Alphamin Resources Corp. (TSXV:AFM) announced an update on its Bisie tin project in Democratic Republic of Congo.
Alphamin Resources Corp. (TSXV:AFM) announced an update on its Bisie tin project in Democratic Republic of Congo.
As quoted in the press release:
Tin was first discovered at Bisie in 2004 and was mined illegally until recent times. The deposit is unique with grades of 50-95% SnO2 (tin oxide – cassiterite) which attracted a large informal mining and support community. Official recorded production figures for Bisie for 2009 were 6,840 tons of tin concentrate although 10,000 tons of concentrate are more likely due to under declaration to avoid high taxes imposed by the Government of DRC. The Government imposed a moratorium on small scale tin mining in 2010 which saw a mass movement of people off the property thereby creating a favorable environment for the Company to commence with detailed exploration programs at Bisie.
Click here to read the Alphamin Resources Corp. (TSXV:AFM) press release.
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