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AfriTin continues to intersect good grades at Uis

The Uis mine was formerly the largest hard rock tin mine in the world

1560150323_Afritin---on-the-ground-at-Uis.jpg
On the ground at Uis

AfriTin Mining Ltd (LON: ATM) shares rose on Monday after the firm said it has received a second batch of assay results from drilling at its Uis tin mine in Namibia.

Among the most significant intercepts from the most recent five holes were 30.32 metres grading 0.20% tin and 91 parts per million (ppm) tantalum, 109.32 metres grading 0.17% tin and 77ppm tantalum, and 53.83 metres grading 0.16% tin and 73ppm tantalum.

WATCH: Milestone for AfriTin Mining as it marks transition from explorer to producer

The drilling was part of a programme aimed at validating the historic information disclosed by SRK in 1985.

"I am pleased to provide a further update on the confirmatory drilling programme,” said  Anthony Viljoen, chief executive of AfriTin.

“Of particular interest is a 109 metre intersection of mineralised pegmatite starting at 51 metres, 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."

In afternoon trading, shares in AfriTin were 4% higher at 3.80p.

 -- Adds share price --

 

 

 

 

Quick facts: AfriTin Mining Ltd

Price: 2.9211 GBX

AIM:ATM
Market: AIM
Market Cap: £18.82 m
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Full interview: AfriTin Mining's tin resource at Uis project 'one of the...

AfriTin Mining Limited's (LON:ATM) chief executive Anthony Viljoen tells Proactive London's Andrew Scott they're to move ahead with plans for a large scale operation at the Uis tin mine after a maiden resource confirmed the scale of the orebody. On a JORC basis, measured, indicated and...

on 16/9/19

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