|By Marketwired .||
|January 24, 2013 03:00 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/24/13 -- Alphamin Resources Corp. (TSX VENTURE:AFM) ("Alphamin" or the "Company") has received all results for its Stage 1 drilling programme on its wholly owned Bisie Tin Project (Bisie Project) in east central Democratic Republic of Congo (DRC). A total of 19 holes, including 1 re-drill, were completed for 2,406m. Drilling has confirmed significant tin mineralisation over a minimum of 250m at Gecomines and 500m at Golgotha target areas.
Drill hole BGC007 drilled between BGC001 (12m @ 3.15% Sn from 53m and 3m @ 6.14% Sn from 80m) and BGC002 (25.85m @ 2.26% Sn from 47.7m) reported 18.5m @ 2.21% Sn from 53m including 2.9m @ 6.27% Sn and 1.1m @ 6.23% Sn from 80m. Drill hole BGC006 drilled 50m south of BGC001 reported 10.3m @ 0.98% Sn from 65.7m including 1.8m @ 3.12% Sn from 65.7m and 6.7m @ 1.11% Sn from 82.3m.
Recent results are shown in Table 1 and all significant intersections are highlighted in Figures 1 and 2 and can be found on the website.
Consistent high grade tin mineralisation has been reported from 5 holes covering a minimum of 250m of strike along the structure. Drilling further confirmed mineralised widths of 15-25m as opposed to the narrow high grade chute (20m x 6m) mined historically by artisanal miners. Mineralisation is exposed at surface along a ridge elevated roughly 200m above the surrounding countryside and highly conducive to open cut mining.
In addition tin mineralisation is often associated with copper mineralisation with a best intercept of 9.4m @ 1.01% copper from 67m from BGC002.
The Company has now planned a 4,000m infill drilling programme over this high grade priority zone. Tin mineralisation will be tested down to a vertical depth of 200m below surface with holes drilled on a 50m x 50m grid pattern. The Company expects to complete the drilling programme with an early indication of the resource potential during the third quarter of 2013.
Results were received from 2 additional holes drilled at Golgotha. The southernmost drill hole, BGH009, reported 14.5m @ 0.64% Sn from 79.5m including 1.5m @ 3.22% Sn from 92.5m confirming mineralisation is open to the south. Drill hole BGH005 (reported previously) was drilled to the north in the Golgotha target area and reported 13m @ 0.7% Sn from 58m including 3m @ 2.06% Sn from 58m. Drilling has confirmed mineralisation is open to the north, south and at depth at Golgotha and continues over a strike length of more than 500m. Grades at Golgotha are generally lower than those reported at Gecomines to the north although a high grade zone of 1.5m-5m has been reported from most drill holes where grades vary from 1.2% - 5.8% Sn.
Significant copper was also intersected at Golgotha with a best intercept of 35m @ 0.77% Cu from 53m including 10m @ 1.67% Cu from 58m in BGH005.
A second zone rich in silver, zinc and lead was intercepted above the tin zone. Reportable grades are shown in Figure 2 and varied between 1.5m @ 57.4 g/t Ag from 144.5m to 19m @ 197ppm Ag from 61m; 12.5m @ 3.14% Zn from 71m to 17.8m @ 14.11% Zn from 61m and 0.5m @ 6.23% Pb from 144.5m to 14.75m @ 10.82% Pb from 61m.
A strong lead and zinc in soil anomaly has been defined over 4km along the ridge. The tin zone has elevated lead and zinc values suggesting tin, silver, zinc and lead mineralisation can be expected over a further 2km to the south.
The Company will commence infill drilling at the Golgotha target area and continue drilling along the structure to the north and south of defined mineralisation to determine the true strike potential and to identify any additional high grade tin target areas along the ridge once the Stage 2 programme has been completed at Gecomines.
Management is extremely pleased with the results of the Stage 1 drilling programme which has confirmed the potential for the Bisie Prospect to host significant tin mineralisation as well as several other commodities including rare earth elements.
Lars Pearl, a qualified person under National Instrument 43-101, has verified technical data disclosed in this release.
ON BEHALF OF THE BOARD OF DIRECTORS
Cosme Maria Beccar Varela, President and CEO
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Information in this news release that is not a statement of historical fact constitutes forward-looking information. Such forward-looking information includes statements regarding the Company's planned exploration programs. Actual results, performance or achievements of the Company may vary from the results suggested by such forward-looking statements due to known and unknown risks, uncertainties and other factors. Such factors include, among others, that the business of exploration for tin and other precious and base minerals involves a high degree of risk and is highly speculative in nature; few properties that are explored are ultimately developed into producing mines; geological factors; the actual results of current and future exploration; changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents.
There can be no assurance that any mineralisation that is discovered will be proven to be economic, or that future required regulatory licensing or approvals will be obtained. However, the Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Assumptions have been made regarding, among other things, the Company's ability to carry on its exploration activities, the sufficiency of funding, the timely receipt of required approvals, the price of tin and other precious and base metals, that the Company will not be affected by adverse political events, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain further financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information.
Alphamin does not undertake to update any forward-looking information, except as required by applicable laws.
Drilling results are quoted as downhole intersections. True mineralisation width is approximately 80% of intersection length for all holes. The reported grades were determined using a cut-off grade of 0.1% Sn, 25g/t Ag, 1% Zn, 1% Pb and 0.1% Cu to select significant and anomalous intersections, with a maximum of 3m internal dilution being incorporated into the composite where appropriate. A top cut of 60% was applied to Sn, 30% to Zn and 20% to Pb.
Half core samples for all drillholes were submitted to accredited ALS Chemex laboratory in Johannesburg where samples were analyzed using ME-XRF05 conducted on a pressed pellet with 10% precision and an upper limit of 10 000ppm. Over limit samples were sent to Vancouver for ME-XRF10 which uses a Lithium Borate 50:50 flux with an upper detection limit of 60% and precision of 5%. ME-ICP61, HF, HNO3, HCL04 and HCL leach with ICP-AES finish was used for 33 elements including base metals. ME-OG62 a four acid digestion was used on ore grade samples for Pb, Zn, Cu & Ag. Industry accepted QA/QC checks were applied including use of duplicates, blanks and standards.
To view the accompanying table and figures, please visit the following link: http://media3.marketwire.com/docs/124afm1.pdf.
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.
Alphamin Resources Corp.
Level 3, Gotthardstrasse 20, CH-6304
+41 41 711 02 81
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Aug. 1, 2015 09:00 PM EDT Reads: 648
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Aug. 1, 2015 06:30 PM EDT Reads: 143
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Aug. 1, 2015 04:45 PM EDT Reads: 477
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
Aug. 1, 2015 03:15 PM EDT Reads: 320
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Aug. 1, 2015 03:00 PM EDT Reads: 514
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
Aug. 1, 2015 02:45 PM EDT Reads: 449
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Aug. 1, 2015 11:15 AM EDT Reads: 174
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Aug. 1, 2015 10:30 AM EDT Reads: 213
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Aug. 1, 2015 10:00 AM EDT Reads: 292
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
Aug. 1, 2015 09:45 AM EDT Reads: 392
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
Aug. 1, 2015 09:45 AM EDT Reads: 133
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
Aug. 1, 2015 09:45 AM EDT Reads: 188
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Aug. 1, 2015 08:00 AM EDT Reads: 307
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
Aug. 1, 2015 08:00 AM EDT Reads: 1,688
Learn how to solve the problem of keeping files in sync between multiple Docker containers. In his session at 16th Cloud Expo, Aaron Brongersma, Senior Infrastructure Engineer at Modulus, discussed using rsync, GlusterFS, EBS and Bit Torrent Sync. He broke down the tools that are needed to help create a seamless user experience. In the end, can we have an environment where we can easily move Docker containers, servers, and volumes without impacting our applications? He shared his results so yo...
Jul. 31, 2015 11:45 PM EDT Reads: 789