AfriTin Mining Ltd (LON:ATM) said completion of detailed geological mapping has confirmed the presence of mineralisation throughout the unmined surface extensions over the V1 and V2 pegmatite bodies at the Uis tin mine in Namibia.
The AIM-listed firm said the information acquired during the mapping expedition will be used to create a 3-D geological model to be utilised to generate a block model from which a provisional mine production plan will be produced.
The mining company said the estimate Run of Mine feed to the plant is planned at 500 000 tonnes per year.
At this rate the V1 and V2 pit could be the sole supplier of mineralisation to the plant for the first 29 years of production, however, AfriTin stated its intention is to increase this production rate over the life of the mine.
Anthony Viljoen, AfriTin's CEO said: “We are very pleased with the results of the geological work recently completed at Uis, as this supports the detailed work that was contained in the historical SRK report that produced a 70 year life of mine plan.”
He concluded: “We believe the results provide a solid foundation on which AfriTin can base its mining programme, to resume early production at what was once the biggest hard rock tin mine in the world.”