BMIN Jackpot~ Britannia's Nthale Project Resembles
Post# of 72748
Posted On: 03/04/2014 9:10:48 AM
[b]BMIN Jackpot~ Britannia's Nthale Project Resembles World Famous 1.8 Billion Ton Iron Ore Mine MacReport Media "Press Releases"
Britannia Mining, Inc. (OTC Pink: BMIN)(BMIN or the Company), the successor of a merger between UK based mining development company Britannia Mining Plc and U.S. based MicronEnviroSystems (Former Symbol: MSVS), announced today that geologist firm,BastillionResources, sees theNthaleHill iron ore project to fairly resemble a famous World Class Asset of well over 1 Billion Tons.
"TheKirunamine in Sweden is a major iron ore resource," said NicolaNewmarch, COO of Britannia Mining ."The implication that the geology atNthaleis remotely similar toKirunais substantial because this shows the potential thatNthalehas to be a World Class Asset of over 100 Million Tons."
BastillionResources, a leading geologist firm, first made the comparison between the two properties in 2013.They noted that theKirunadeposits are formed from thicker lenses joined by thin, extensive magnetite rich beds whileNthale'sdeposit seems to be formed by thicker lenses with thin, laterally extensive magnetite rich beds joining up the thicker lenses.
PaulKarpeta, Principal Geologist ofBastillionResources, stated that geophysics atNthalewould have to be conducted to, "Establish the full extent of the ore body itself and then extend that out along strike to locate other, thicker lenses."Continuing, "Certainly, the original geological mapping of the area by the Malawi Geological Survey indicates there are possibly another three ore bodies along strike within five or six kilometers."
The recent view onNthale'sgeological makeup, particularly its similarity toKiruna, lends heavily to the investment interest shown toward Britannia.However, Mr.Karpetahas made clear,NthaleHill may at this time seem smaller than Sweden's famed iron ore resource -- which to date is approximated to have produced over 950 million tons of iron ore at roughly 60% Fe -- only because it is early in the development process.However, it is actually unclear just how much largerNthaleHill may actually be.Therefore,Bastillion'sgeologists are inclined to believe that theNthaleHill project can be developed over time, to reflect similar tonnage figures as produced byKiruna, and perhaps also become recognized as a World Class Asset.
AboutBastillionResources
BastillionResources is an independent geological mining and consulting company specializing in Africa .Its head office is in Johannesburg, South Africa .The company offers professional services in exploration and mine geology, economic and financial deposit evaluation. The company's experience spans 16 years in international consulting in the African continent.
About Britannia Mining
Britannia Mining is a mining development company that is focused on acquiring high quality mineral and mining projects.The company is committed to developing revenues by conducting exploration and evaluation activities. The company's mission is to identify potential mineral targets to deliver value via developing sales opportunities.
Acquisition Focus
The company is targeting revenue producing assets and is currently in negotiations regarding acquisition of mineral stockpiles.
Exploration Focus
The company has been developing a high grade iron ore project in Malawi and is currently renewing the Exclusive Prospecting License (EPL) for iron ore over 650sqkm atNthaleBlantyre. The company is targeting 100 Million Tons (MT) iron atNthaleHill (20sqkm).
Britannia Mining has inherited the legacy projects (Gold claims) of the former MicronEnviroSystems in the Yukon and plans to conduct sampling on this area.
For more information, please visitwww.BritanniaMining.com
.
Safe Harbor
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may,'' "should,'' "expects,'' "plans,'' "anticipates,'' "believes,'' "estimates,'' "predicts,'' "potential'' or "continue'' or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States , the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled "Risk Factors'' in the Company's periodic filings with the United States Securities and Exchange Commission , which can be viewed athttp://www.SEC.gov. For all details regarding working interests in all of BMIN's mining prospects or any previous news releases go to OTC Markets website. You should independently investigate and fully understand all risks before making investment decisions.
CONTACT:
Team BMIN
(646) 580-1153
www.britanniamining.com
SOURCE: Britannia Mining Inc.
Britannia Mining, Inc. (OTC Pink: BMIN)(BMIN or the Company), the successor of a merger between UK based mining development company Britannia Mining Plc and U.S. based MicronEnviroSystems (Former Symbol: MSVS), announced today that geologist firm,BastillionResources, sees theNthaleHill iron ore project to fairly resemble a famous World Class Asset of well over 1 Billion Tons.
"TheKirunamine in Sweden is a major iron ore resource," said NicolaNewmarch, COO of Britannia Mining ."The implication that the geology atNthaleis remotely similar toKirunais substantial because this shows the potential thatNthalehas to be a World Class Asset of over 100 Million Tons."
BastillionResources, a leading geologist firm, first made the comparison between the two properties in 2013.They noted that theKirunadeposits are formed from thicker lenses joined by thin, extensive magnetite rich beds whileNthale'sdeposit seems to be formed by thicker lenses with thin, laterally extensive magnetite rich beds joining up the thicker lenses.
PaulKarpeta, Principal Geologist ofBastillionResources, stated that geophysics atNthalewould have to be conducted to, "Establish the full extent of the ore body itself and then extend that out along strike to locate other, thicker lenses."Continuing, "Certainly, the original geological mapping of the area by the Malawi Geological Survey indicates there are possibly another three ore bodies along strike within five or six kilometers."
The recent view onNthale'sgeological makeup, particularly its similarity toKiruna, lends heavily to the investment interest shown toward Britannia.However, Mr.Karpetahas made clear,NthaleHill may at this time seem smaller than Sweden's famed iron ore resource -- which to date is approximated to have produced over 950 million tons of iron ore at roughly 60% Fe -- only because it is early in the development process.However, it is actually unclear just how much largerNthaleHill may actually be.Therefore,Bastillion'sgeologists are inclined to believe that theNthaleHill project can be developed over time, to reflect similar tonnage figures as produced byKiruna, and perhaps also become recognized as a World Class Asset.
AboutBastillionResources
BastillionResources is an independent geological mining and consulting company specializing in Africa .Its head office is in Johannesburg, South Africa .The company offers professional services in exploration and mine geology, economic and financial deposit evaluation. The company's experience spans 16 years in international consulting in the African continent.
About Britannia Mining
Britannia Mining is a mining development company that is focused on acquiring high quality mineral and mining projects.The company is committed to developing revenues by conducting exploration and evaluation activities. The company's mission is to identify potential mineral targets to deliver value via developing sales opportunities.
Acquisition Focus
The company is targeting revenue producing assets and is currently in negotiations regarding acquisition of mineral stockpiles.
Exploration Focus
The company has been developing a high grade iron ore project in Malawi and is currently renewing the Exclusive Prospecting License (EPL) for iron ore over 650sqkm atNthaleBlantyre. The company is targeting 100 Million Tons (MT) iron atNthaleHill (20sqkm).
Britannia Mining has inherited the legacy projects (Gold claims) of the former MicronEnviroSystems in the Yukon and plans to conduct sampling on this area.
For more information, please visitwww.BritanniaMining.com
.
Safe Harbor
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may,'' "should,'' "expects,'' "plans,'' "anticipates,'' "believes,'' "estimates,'' "predicts,'' "potential'' or "continue'' or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States , the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled "Risk Factors'' in the Company's periodic filings with the United States Securities and Exchange Commission , which can be viewed athttp://www.SEC.gov. For all details regarding working interests in all of BMIN's mining prospects or any previous news releases go to OTC Markets website. You should independently investigate and fully understand all risks before making investment decisions.
CONTACT:
Team BMIN
(646) 580-1153
www.britanniamining.com
SOURCE: Britannia Mining Inc.
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