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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
AfriTin continues to intersect good grades at Uis
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.

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