Alba Min Res PLC - Mining Projects Update
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("Alba" or the "Company")
Mining Projects Update
2020 Work Plans
· Exploration at
· Trenching programme planned across a selection of the 10 new gold targets identified from the
· 2020 field season also being planned at the high-grade
· Aim of the 1,100 metres of planned diamond drilling at the
· 2020 plans at the Company's other mining projects will be formulated once the priority work programmes at Clogau and Amitsoq have been further developed.
Alba's Executive Chairman, George Frangeskides, commented:
"Alba's focus this year, so far as our mining projects are concerned, will be to advance exploration and development at Clogau in
"We also intend to undertake a drilling programme at our high-grade
"Alba will continue to engage in discussions with interested parties with a view to unlocking real value in our mining assets through joint ventures or disposals. While no such transaction has yet been consummated, we will provide an update as and when there are any material developments on that front and will update shareholders on the progress of our various work activities in the coming weeks and months."
CLOGAU GOLD PROJECT (
Following the completion of the regional sampling programme and a small diamond drilling campaign in 2019, exploration at Clogau in 2020 will continue to assess the near-term opportunity to reopen the historic Clogau-St David's Gold Mine as well as advancing the Company's understanding of the many regional gold targets identified last year.
In 2019, Alba carried out the largest ever sampling campaign at this historic project, culminating in the collection of 1,996 soil samples over a strike length of approximately 9km in the area known as the Dolgellau Gold Belt. This work resulted in the identification of 10 new gold anomalies.
Figure 1 in the PDF version of this announcement shows the soil sample results set against the location of the known historic workings and Figure 2 in the PDF version of this announcement shows the primary anomalies identified, those highlighted yellow being considered new anomalies not associated with any significant mine workings and those highlighted red being associated with known mine workings.
In 2020, Alba intends to undertake a trenching programme across a selection of the gold-in-soil anomalies identified from the soil sampling programme. The purpose of the trenching will be to remove the topsoil and thereby expose the underlying bedrock, enabling Alba's field team to collect in-situ rock chip samples across areas of interest.
The underlying bedrock is expected to be generally found within the first 1-2 metres from the surface, making it very amenable to this method of exploration. Assays of samples taken directly from exposed quartz veins from within the bedrock which confirm the presence of gold-bearing structures will be of significant geological interest in terms of pointing to the possible existence of an economic gold deposit.
Alba is required to obtain planning permission to carry out this work. A planning application is in progress and Alba is confident that a trenching programme can be undertaken during spring and summer.
The results of the trenching programme will be used to assess the merits of a surface drilling campaign over the most prospective of the regional targets.
As reported on
Drill core from the Llechfraith drilling campaign is currently at the accredited ALS laboratory in
The Llechfraith drilling successfully intersected intrusive greenstones and shear zones dominated by intermixed Clogau shale and quartz veining. This is significant as it is the geological setting for all known historical gold mining at Clogau. The drilling confirmed extensions below the lowest known level at the Llechfraith target.
Figure 5 in the PDF version of this announcement shows the final drillhole traces and the location of the shear zone-hosted quartz veining (shown as yellow segments on the drill trace). The red plane shown in Figure 5 is the shear zone-hosted quartz veining as modelled from the exploited mine workings and the new drillhole data. Figure 5 also shows the intersected quartz veining which has an apparent width of up to 5m and a true thickness of approximately 1.5m.
Figure 6 in the PDF version of this announcement shows a conceptual plan of drillholes which could be completed from underground and which target further extensions to the shear zone-hosted quartz veining. The Company is investigating drill rig suitability and assessing suitable drilling areas within the mine.
Alba continues to advance the required planning works at the Clogau-St David's Mine. Alba has assembled an experienced team of planning, engineering and environmental consultants, largely drawn from within
· Continued environmental baseline studies, the results of which will be incorporated into the planning application to be submitted for the re-opening of the Mine.
· Continued Pre-application Enquiry discussions with the
Alba is currently planning the 2020 field season at the high-grade Amitsoq Graphite project in southern
The work completed to date provides the Company with the confidence to undertake a maiden drilling programme on Amitsoq island, specifically at the site of the historic mine. The structural mapping that Alba has completed has enabled precise drilling locations to be determined with the aim of intersecting graphite extensions below and along strike of the mine workings. The aim of the 1,100 metres of planned diamond drilling is to enable a maiden mineral resource to be declared for the
Drill pads were prepared during an earlier field season at Amitsoq. Drilling is currently being planned for July/
Figure 7 in the PDF version of this announcement shows a view of
Other Mining Projects
2020 work plans for our Thule Black Sands, Inglefield and
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.
Chalcopyrite: A brass-yellow mineral with a chemical composition of CuFeS2. It occurs in most sulphide mineral deposits throughout the world and has been the most important ore of copper for thousands of years.
Geochemical: Relates to the chemical composition of the Earth and its rocks and minerals.
Footwall: The wall lying beneath a horizontal or inclined fault or orebody.
Galena: A lead sulphide mineral with a chemical composition of PbS. It is the world's primary ore of lead.
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.
Microdiorite: A medium grained igneous rock of volcanic origin.
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.
Pyrite: A brass-yellow mineral with a bright metallic lustre. It has a chemical composition of iron sulphide (
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.
Pyrrhotite: A bronze-yellow to copper-red iron sulphide of variable iron content.
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.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information, please contact:
George Frangeskides, Executive Chairman
+44 20 3907 4297
James Caithie /
+44 20 7213 0880
+44 20 7374 2212
Yellow Jersey PR (Financial PR/ IR)
Sarah Hollins/Harriet Jackson/Henry Wilkinson
+44 20 3004 9512
Inglefield (copper, cobalt, gold)
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Oil & Gas Investments
Horse Hill (oil)
This information is provided by RNS, the news service of the
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