Modern Mining September 2018

MINING News

Aerial view of the Bisie tin mine (taken in mid-August) showing the portal entrance and the primary and secondary crushers (photo: Alphamin).

Bisie now at an advanced stage of construction

take the company through to commercial production. Located approximately 180 km north- west of Goma, the provincial capital of North Kivu Province, Bisie is 60 km from the town of Walikale and 32 km from the national route linking Walikale with Kisangani. The mine is expected produce on aver-

age 9 642 tonnes of tin per annum over an initial 12,5 year life of mine, at a cash cost of US$8 837 per tonne of tin produced and US$10 359 per tonne tin sold after duties, royalties, levies and marketing fees, gener- ating an average EBITDA of approximately US$110 million per annum. Bisie, which has a capex of approxi- mately US$151 million, has the highest delineates Eve is of similar scale and intensity to the one which encompasses the flagship 834 000 oz Julie mineralised system. At Julie, in addition to the strong response over the Julie mineralisation itself, there is a previously unrecognised, very prominent structural component that extends for several kilometres north-west away from the drill-defined resources. “This recently completed EM geophysi- cal survey, recent and historical drilling results plus several untested high-tenor geochemical targets add further credibil- ity to the emergence of the Wa East region into a prominent West Africa mining camp in its own right,” comments Azumah MD Stephen Stone. 

Alphamin Resources Cor p, listed on the TSX-V, reports that construc- tion of its 80,75 %-owned Bisie tin project in the DRC is currently on sched- ule and – as at 29 August – 75 % complete. Commissioning of the process plant is scheduled for Q1 2019. Equity financing raised to date together with the US$80 mil- lion credit facility is currently projected to

VTEM survey delivers fresh targets for Azumah West African gold explorer and developer Azumah Resources, listed on the ASX, says that a recently completed VTEM (electro- magnetic) geophysical survey over the Wa East camp has identified several new robust targets that will provide high-priority driv- ers for exploration and resource growth in this region during the coming exploration season.

To date, the company has delineated a JORC 2012 mineral resource of 2,1 Moz of gold grading 1,5 g/t Au, including 1,4 Moz measured and indicated grading 1,7 g/t Au, with these evenly distributed between Kunche-Bepkong and Wa East (Julie deposit). The 247 km 2 , 822-line kilometre helicop- ter-borne survey has identified a major new target, named Eve, on the western edge of the Julie West licence. It is closely associ- ated with the intersection of a regionally prominent, north-west-trending splay off the Baayiri Fault and a major north-east trending Tarkwaian structure. Encouragingly, the EM response that

Azumah’s regional scale Wa gold proj- ect is located in the Upper West Region of Ghana. Three main deposits have been dis- covered and extensively drilled at Kunche and Bepkong, adjacent to the Black Volta River and Ghana’s border with Burkina Faso, and at Julie approximately 80 km to the east.

4  MODERN MINING  September 2018