Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Alba Mineral Resources reveals findings from sampling at Amitsoq project

It has carried out sampling to test different areas of Amitsoq for gold, platinum and graphite potential
geologists hammer
33 graphite samples returned an average carbon content of around 20.88%

Alba Mineral Resources Plc (LON:ALBA) has reported exploration findings from the Amitsoq project in Greenland.

In a stock market statement, the company highlighted results from stream and sediment sampling for gold exploration and grab samples testing for the presence of platinum group metals (PGMs) in an ultramafic dyke, as well as grab samples of graphite occurrences.

READ: Alba Mineral Resources looks forward to significant cash flow as Horse Hill advances

Thirty-three graphite samples contained an average graphitic carbon content of 20.88%, and graphitic carbon content at the new Kalaaq graphite showing averaged 25.62% carbon(with the highest seen at 29%).

Additionally, the company said trace element geochemistry of graphite samples showed that they were low in potentially deleterious elements (As, Cd, Hg).

Grab samples collected from a sulphide-rich area of the Amitsoq hornblende peridodite dyke contained 0.3 grams per tonne platinum, 0.3 g/t palladium, and 0.3 g/t gold.

WATCH: Alba Mineral Resources' oil & gas play pairs well with strong mining expertise

And stream sediment and grab samples collected over the licence area indicate that only the Søndre Sermilik target contains elevated gold (up to 0.4 g/t) and copper (up to 0.77%) concentrations in previously untested structures.

View full ALBA profile View Profile

Alba Mineral Resources Timeline

Related Articles

Gold
June 14 2018
In April, Vast also acquired an indirect interest of 23.75% in the Eureka gold mine
project area
July 12 2018
Latin has over 263,000 hectares of exploration concessions in the lithium pegmatite districts of Argentina.
Picture of Emmerson's managing director and mining team
January 27 2018
Deposits in the Macquarie Volcanic Arc are often part of much larger systems.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use