Alba Minerals Resources PLC (LON:ALBA) has identified four targets so far at its Inglefield Land licence in Greenland.
A review of historical sampling data highlighted anomalous grades of gold, copper, zinc and cobalt in the four areas.
WATCH: Alba Minerals' boss delighted Horse Hill pre-conditions have been met
Additional targets have also been identified and Alba will do more desktop-based geological and geophysics studies ahead of the start of fieldwork.
At Thule, Alba’s shoreline minerals sands licence in Greenland, near surface sample testwork showed ilmenite quality in a titanium dioxide content range of 45.6% to 47.4% with an average of 46.4% and low contaminants. This was Ilmenite quality and not final product grade, Alba added.
Ilmenite is the primary source of titanium dioxide, TiO2, used as a whitening pigment in paints, plastics and paper. Other uses include the manufacture of titanium metal.
Alba will soon commence testwork on the two mini-bulk samples collected from the maiden sampling campaign.
Elsewhere in Greenland, conceptual geological models have been created for both Amitsoq and Kalaaq graphite targets
In Wales, a conceptual model has been completed for the Clogau Gold Project (49% owned) and initial regional exploration targets identified.
George Frangeskides, executive chairman, said: "A lot of work is being undertaken behind the scenes by our technical team as we refine our exploration targets in Greenland and Wales.
“The ongoing testwork and data evaluation across our suite of projects has so far produced promising results.”
Separately, Alba has raised £800,000 at 0.3p per share, money which has been earmarked for onshore UK oil and gas sector (Horse Hill and Brockham) and the mining portfolio in Greenland and Wales.
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