Alphamin Resources Corp.: Suspension of Drilling Activities as a Result of a Security Incident at Mpana North and Mine Camp
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 21, 2014) - Alphamin Resources Corp. (TSX VENTURE:AFM) ("Alphamin" or the "Company") has suspended all exploration activities and has evacuated site due to a security incident on its wholly owned Bisie Tin Prospect (Bisie Project) in east central Democratic Republic of Congo (DRC).
Alphamin's management team are currently in discussions with Senior Government Officials in Kinshasa to better understand the Government's strategy that will allow the Company to operate in a peaceful environment without recurring security risks as per Law No 007/2002 of July 11, 2002 relating to the Mining Code of DRC.
The Company will now focus on completing technical studies in preparation for a Definitive Feasibility Study (DFS) as announced 10 July 2014.
| ON BEHALF OF THE BOARD OF DIRECTORS |
| Brendon Jones |
| Interim Chief Executive Officer |
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Information in this news release that is not a statement of historical fact constitutes forward-looking information. Such forward-looking information includes statements regarding the Company's planned exploration programs. Actual results, performance or achievements of the Company may vary from the results suggested by such forward-looking statements due to known and unknown risks, uncertainties and other factors. Such factors include, among others, that the business of exploration for tin and other precious and base minerals involves a high degree of risk and is highly speculative in nature; few properties that are explored are ultimately developed into producing mines; geological factors; the actual results of current and future exploration; changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents.
There can be no assurance that any mineralisation that is discovered will be proven to be economic, or that future required regulatory licensing or approvals will be obtained. However, the Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Assumptions have been made regarding, among other things, the Company's ability to carry on its exploration activities, the sufficiency of funding, the timely receipt of required approvals, the price of tin and other precious and base metals, that the Company will not be affected by adverse political events, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain further financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information.
Alphamin does not undertake to update any forward-looking information, except as required by applicable laws.