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AfriTin Mining reports strong lithium and tantalum showings in infill drilling at Uis

Published: 03:14 11 Oct 2022 EDT

AfriTin Mining Ltd - AfriTin Mining reports strong lithium and tantalum showings in infill drilling at Uis

AfriTin Mining Ltd (AIM:ATM, OTC:AFTTF) has released the latest results from lithium and tantalum infill drilling at its flagship project, the Uis Mine in Namibia.

The infill drilling programme is being conducted over the V1/V2 pegmatite at Uis, which is currently being mined to produce a tin concentrate.

The 50-hole drilling programme aims to increase the confidence of the existing lithium and tantalum mineral resource estimates over the deposit.

Forty-seven drill holes have been completed and are being processed. Initial results from nine holes were announced in June and July, and these results cover assay results of the next 11 drill holes, comprising both diamond and reverse circulation drilling.

Among the highlights were 35 metres (m) at 0.149% tin, 77 parts per million (ppm) tantalum, and 0.94% Li2O within drill hole V1V2032, from 150m to 185m depth.

The company also encountered 25m at 0.197% tin, 140 ppm tantalum and 0.60% Li2O for hole V1V2076, from 46m to 71m.

Pegmatite was intersected in all holes at the depths and apparent widths predicted by the geological model.

"We are pleased to report these exploration drill results which are very much in line with our high expectations,” said AfriTin chief executive Anthony Viljoen.

“They relate to the north-eastern portion of the V1/V2 pegmatite ore body, which is an area known to contain higher tantalum and tin grades. For the pegmatite intersections reported here, the average tantalum grade is approximately 40% higher than the average of the existing mineral resource estimate, and the tin grade is approximately 30% higher than the average of the resource estimate.”

The current exploration programme aims to upgrade the existing resource classification for lithium and tantalum over the areas where tin is currently classified within the measured and indicated categories.

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