Alba Mineral Resrcs. - Operational Update
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Alba Mineral Resrcs. - Operational Update
Alba Mineral Resources Plc (AIM: ALBA) is pleased to report on the progress of ongoing works at the Company’s 100% owned Clogau-St David’s Gold Mine in north Wales (“Clogau” or the “Mine”) and on its completed site visits to its optioned projects in Sweden and Tanzania.
Key Points:
Clogau
· Continuous drilling and blasting operations are ongoing at Clogau, with 565 man-days having been completed in total since pre-blasting operations began in early August.
· Estimated 120 tonnes of ore to date removed to surface for processing, combination of historic and newly blasted material.
· Large amounts of visible sulphide mineralisation encountered in blasted rocks. The high level of sulphide mineralisation within the projected payshoot considered good indicator of associated gold mineralisation.
· Visible gold also identified within blasted ore.
Optioned Projects
· Site visits conducted by Alba at Finnsbo and Norrby Projects in Sweden. Sampling of highly interesting Finnsbo outcrop returned anomalous results for both gold and REE, including grades of >10 grams per tonne (g/t) gold and 2.36% TREO, in line with high-grade results previously reported by Project owners and corroborating presence of visible gold identified during site visit.
· Site visits conducted to optioned gold licences in Tanzania. Full report of consulting geologist awaited, together with assay results from samples collected.
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