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AfriTin Mining Update on Uis Exploration Drilling

Mining News - Published on Thu, 19 Sep 2019

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AfriTin Mining Limited has provided an update on the drilling program designed to support the historical Mineral Resource estimate of the V1 and V2 pegmatites in its Uis Tin Mine in Namibia. A maiden Measured, Indicated and Inferred Mineral Resource estimate, prepared in accordance with JORC (2012), for the Uis Tin Mine of 71.54 million tonnes of ore at a grade of 0.134 % tin for 95,539 tonnes of contained tin, an Inferred Mineral Resource estimate of 71.54 million tonnes of ore at 85 ppm tantalum for 6,091 tonnes contained tantalum and an Inferred Mineral Resource estimate of 71.54 million tonnes of ore at 0.63 % Lithium Oxide for 450,265 tonnes contained lithium oxide (Li2O) (spatially coincident, to the Tin Mineral Resource)

Anthony Viljoen, CEO of AfriTin Mining Limited, said "Confirming the historical data at Uis has always been a crucial step in the progression and development of our flagship asset. The additional down dip drilling confirmed extension and thickening of the orebody at depth affirming our belief in the scale of this deposit and increasing the resource historically stated by SRK (1989) on the V1/V2 orebody. Furthermore, the scale of this resource, from 2 pegmatites, places the tin inventory as one of the biggest of its kind in the world and encourages further development of the additional outcropping pegmatites identified within our mining licence area, of which an excess of 100 pegmatite bodies have been identified. The addition of tantalum and lithium to the estimate, further enhances the attractiveness of this globally significant asset and creates an exciting opportunity for other potential revenue streams. Assays of the historical resource didn't typically capture other elements as there were no markets for these by-products at the time. However, with the advent of new technology and the battery metal boom, AfriTin has extended the inventory of potentially extractable metals at Uis to include tantalum and lithium.”

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Posted By : Rabi Wangkhem on Thu, 19 Sep 2019
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