Alba Min Res PLC - Clogau Drilling Mobilisation
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("Alba" or the "Company")
Commencement of Maiden Drilling Programme
· Alba is about to commence the first ever exploration diamond drilling campaign at the Clogau-St David's Gold Mine, to the best of the Company's knowledge.
· Historic mining at Clogau-St David's was limited to the mining of visible gold.
· Alba is employing modern exploration techniques at Clogau, designed to maximise the prospects for unearthing new zones of economic gold mineralisation and extensions to existing mine workings.
· This first drilling campaign will focus on one of the high priority gold targets, being the
· Given the anticline fold structure present at Llechfraith, the Clogau shale within this area is potentially up to 200m thick and is considered a high priority target area for future mining activities.
· The primary drilling objective is to test for structure at Llechfraith, in order to confirm the geological model and provide support for follow-up infill drilling and future mining activities targeting these gold-bearing structures.
George Frangeskides, Executive Chairman, commented:
"I am very pleased to announce the start of a diamond drilling programme at the
"During the previous periods of operation, the
"While this is a fairly short drilling programme, primarily designed to test the structural model, if that model is confirmed it will provide us with the necessary support to then move onto infill drilling and bulk sampling and processing at Llechfraith."
"The strong recovery in the gold price, which recently hit a five-year high of more than
The maiden drilling programme at the
Note that the
A total of three gold shoots were recorded in the 1980s, as shown in the long section through the
The recent infill soil sampling programme completed by Alba included a line of samples traversing the Llechfraith mine area with the soil line orientated along the axis of the dominant anticline fold within the area (see Figure 3 in the PDF version of this announcement). A strong anomaly can be observed above the Llechfraith workings, as shown by the series of purple dots running parallel to the anticline axis on Figure 3 (as aforesaid). Twelve samples above 0.005 g/t Au averaged 0.023 g/t Au, with the highest grade being 0.13 g/t Au (see Figure 3, as aforesaid). It should be borne in mind that as these are gold-in-soil grades, by their very nature these grades are not expected to be high-grade. The significance of the presence of low-grade gold anomalism in the soils is that it is a marker for possible significant gold deposition in the hard rock structures situated immediately beneath the soils.
Given the anticline fold structure present at Llechfraith, the Clogau shale within this area is potentially up to 200m thick and is considered a high priority target area for future mining activities. This, together with the fact that access to this target is good, is why this target has been selected for the maiden drilling campaign at Clogau.
At present, 3-4 diamond drill holes are planned, targeting extensions to the reported Llechfraith ore shoots, for ~200-300 metres of drilling. All holes will be drilled from within the Company's freehold land situated close to the Company's mine sheds and the Llechfraith Adit entrance.
The primary objective of the drilling will be to collect important geological and structural data to improve the understanding of this particular target area. Given the nature of the geological setting at Clogau, where gold has previously been found within narrow quartz veins at the contact with greenstones, combined with the modest amount of drilling that is planned to test the structure at Llechfraith, it is not expected that the drilling will necessarily intersect gold mineralisation. The primary objective of this short drilling campaign will be to ascertain whether the known gold-bearing setting, as described above, is present within the
The Company's drilling contractors have now mobilised their diamond drill rig and personnel to site. Drilling will take approximately two weeks to complete. Figure 4 in the PDF version of this announcement shows the potential site and orientation of the drill holes in relation to the underground workings at Llechfraith (shown in red) and the target zone (shown in blue). The precise siting and orientation of the drill holes will be subject to possible further revisions during the programme.
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014
Forward Looking Statements
This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the Company's or any third party's ability to execute and implement future plans, and the occurrence of unexpected events. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.
Competent Person Declaration
The information in this release that relates to Exploration Results has been reviewed by Mr
Anticline: A fold, closing in any direction, in which the older rocks occupy the core.
Geochemical: Relates to the chemical composition of the Earth and its rocks and minerals.
Geophysics: The application of the methods and techniques of physics to the study of the earth and the processes affecting it.
Intrusives: An igneous rock formed from magma forced into older rocks at depth within the Earth's crust, which then typically slowly solidifies below the Earth's surface.
Lithological Units: The lithology of a rock unit is a description of its physical characteristics visible at outcrop, in hand or core samples or with low magnification microscopy, such as colour, texture, grain size, and mineral composition.
Lithological Contacts: The contact between two lithologies of differing characteristics.
Mineralisation: Economically important metals that can occur at a variety of scales from small disseminations through to large zones or ore bodies.
Pathfinder Elements: In geochemical exploration, an element that occurs in close association with an element or commodity being sought, but one can be more easily identified because it forms a broader halo or can be detected more readily by analytical methods.
Quartz Veins: A distinct sheet-like body dominantly composed of quartz hosted within a rock formation.
Pitch: The orientation of a line, measured as an angle from the horizontal, in a specified non-vertical plane.
Plunge: The angle between a linear and a vertical plane.
Strike Length: The direction and length of a geological feature (for example, a vein or rock formation) measured on a horizontal surface.
Structural Architecture: The three-dimensional distribution of bodies of rock, as controlled by geological structures.
Weathering Profile: A vertical assemblage of weathering zones (subsurface zones of alteration differing physically, chemically or mineralogically from adjacent zones) from the surface soil to the unaltered bedrock.
For further information, please contact:
George Frangeskides, Executive Chairman
+44 20 3907 4297
James Caithie /
+44 20 7213 0880
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+44 20 7374 2212
Yellow Jersey PR (Financial PR/ IR)
+44 20 3004 9512
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This information is provided by RNS, the news service of the
Quick facts: Alba Mineral Resources PLC
Market Cap: £3 m
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