Alba Mineral Resrcs. - Maiden Drilling Programme Commences at Finnsbo
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Announcement summary
Alba Mineral Resrcs. - Maiden Drilling Programme Commences at Finnsbo
Alba Mineral Resources plc (AIM: ALBA), the gold and critical raw materials focused exploration and development company, is pleased to announce that drilling has commenced at Finnsbo, the high-grade gold and rare earths prospect which Alba is earning into in southern Sweden (“Finnsbo” or the “Project”).
Highlights
· Drilling has commenced at Finnsbo, seeking continuity of high-grade gold, copper and rare earth mineralisation.
· Previous geochemical sampling at Finnsbo returned assay results of:
o up to 3.5% Total Rare Earth Oxides (TREO) (with overall grades ranging from 0.5% to 3.5% TREO), with 37-38% of the TREO comprising high-value NdPrDy (neodymium-praseodymium-dysprosium) oxides; and
o up to 27g/t gold (with overall grades ranging from 7 to 27g/t) and 2.9% copper (with overall grades ranging from 0.9% to 2.9%).
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