Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
AfriTin Mining said it was 'encouraged' by the second batch of drilling results at its Uis mine, which included a 109m intersection of mineralised pegmatite, indicating the presence of a voluminous ore body extension at depth.
Confirmatory drilling results included a 30.32m intersection at 0.20% tin and 91ppm tantalum; 109.32m at 0.17% tin and 77ppm tantalum and 53.83m at 0.16% tin and 73ppm tantalum.
The exploration drilling programme aimed to validate the historic information disclosed by SRK in 1985, for ISCOR, for the V1 and V2 pegmatites.
'The analytical results indicate a continuity of the pegmatite bodies indicated in the previous five holes. The intersections indicate an increase in the thickness of the pegmatites with depth, a trend that is also reflected in the historic drill programme,' the company said.
'I am pleased to provide a further update on the confirmatory drilling programme. Of particular interest is a 109m intersection of mineralised pegmatite starting at 51m, indicating the presence of a voluminous ore body extension at depth. While these drilling results are subject to a resource modelling and independent validation process, we are encouraged by these results which remain comparable to the historical data of 1985,' said Anthony Viljoen, CEO of AfriTin Mining.
At 9:21am: (LON:ATM) Afritin Mining Limited Ord Npv share price was +0.25p at 3.9p