Alba Min Res PLC - Clogau Gold Exploration Update
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("Alba" or the "Company")
Clogau Gold Exploration Update
As announced on
· Geochemical survey completed over Clogau-St David's mine area and near-mine extensions
· Geochemistry samples have been collected and are being sent for analysis to an accredited laboratory
· Geophysical survey has commenced over Clogau-St David's mine area and near-mine extensions
· Objective is to define new gold targets and to determine suitable exploration techniques for the highest priority regional gold targets
Alba's Executive Chairman, George Frangeskides, commented:
"Having completed a geochemical survey over the Clogau-St David's mine area, our exploration team have now mobilised to site to conduct electromagnetic and magnetic geophysical surveys over the mine area, with the objective being to define new gold targets there."
"This field programme is, to our knowledge, the first ever concerted modern exploration campaign conducted on the Dolgellau Gold Belt since the first gold discovery there in 1853. Once we have completed the current mine and near mine exploration programme, the intention is then to embark on a second phase exploration campaign later this year which will cover the highest priority regional gold targets identified within the entire 107 km² licence area."
"All the while, we are continuing to progress baseline environmental studies at the mine, which are a key step in the permitting process for restarting production at the historic Clogau-St David's gold mine."
Geochemical soil sampling has been completed across the Clogau-St David's mine area. Samples were taken from various soil depths to allow a range of assaying techniques to be applied. The survey lines were completed across 200m line spacing by 20m sample spacing.
Alba's field exploration team, led by geologists and geophysicists from SRK Exploration Services, have now mobilised to site to commence electromagnetic and magnetic geophysical surveys over the mine area and near-extensions of the mine area. These geophysical surveys will enable our technical team to characterise the geophysical signature of the mineralisation host rocks and controlling structures, with the objective being to define potential new gold targets within the existing mine area.
The results obtained from these geochemical and geophysical surveys will also be used to determine the most suitable exploration techniques to then be rolled out to the highest priority regional gold targets identified within the 107 km2 licence area.
Alba believes that that there is a high potential to find unworked veins containing gold mineralisation of similar grade to that known in historic mines in the area.
Aside from continuing to explore the wider Dolgellau Gold Belt, Alba's principal objective remains the reopening of the Clogau-St David's mine. With this in mind, the appointed consultants are continuing to undertake certain baseline environmental studies which are an essential part of the re-permitting process involved in the reopening of the mine.
For further information please contact:
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George Frangeskides, Executive Chairman
+44 20 7264 4366
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James Caithie /
+44 20 7213 0880
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+44 20 7374 2212
Yellow Jersey PR (Financial PR/ IR)
Tim Thompson / Harriet Jackson / Henry Wilkinson
+44 77 1071 8649
Competent Person Declaration
The information in this release that relates to Exploration Results has been reviewed by Mr Howard Baker, Technical Director of
Howard Baker has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration targets, Exploration Results, Mineral Resources and Ore Reserves', also known as the JORC Code. The JORC code is a national reporting organisation that is aligned with CRIRSCO. Howard Baker consents to the inclusion in the announcement of the matters based on his information in the form and context in which they appear.
Alba's Principal Operations & Investments
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Amitsoq (Graphite, Greenland): Alba owns a 90 per cent interest in the
Thule Black Sands (Ilmenite, Greenland): Alba owns 100 per cent of mineral exploration licences 2017/29 and 2017/39 in the Thule region, north-west Greenland.
Gold Mines of Wales (Gold, Wales): Alba holds a 49 per cent interest in Gold Mines of
Inglefield Land (Multi-Commodity, Greenland): Alba owns 100 per cent of mineral exploration licences 2017/40 and 2018/15 in north-west Greenland.
Limerick (Base Metals, Ireland): Alba has 100 per cent of the Limerick base metal project in the Republic of Ireland.
This information is provided by RNS, the news service of the
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