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Alba Mineral Resources reveals findings from sampling at Amitsoq project

It has carried out sampling to test different areas of Amitsoq for gold, platinum and graphite potential

geologists hammer
33 graphite samples returned an average carbon content of around 20.88%

Alba Mineral Resources Plc (LON:ALBA) has reported exploration findings from the Amitsoq project in Greenland.

In a stock market statement, the company highlighted results from stream and sediment sampling for gold exploration and grab samples testing for the presence of platinum group metals (PGMs) in an ultramafic dyke, as well as grab samples of graphite occurrences.

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Thirty-three graphite samples contained an average graphitic carbon content of 20.88%, and graphitic carbon content at the new Kalaaq graphite showing averaged 25.62% carbon(with the highest seen at 29%).

Additionally, the company said trace element geochemistry of graphite samples showed that they were low in potentially deleterious elements (As, Cd, Hg).

Grab samples collected from a sulphide-rich area of the Amitsoq hornblende peridodite dyke contained 0.3 grams per tonne platinum, 0.3 g/t palladium, and 0.3 g/t gold.

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And stream sediment and grab samples collected over the licence area indicate that only the Søndre Sermilik target contains elevated gold (up to 0.4 g/t) and copper (up to 0.77%) concentrations in previously untested structures.

Quick facts: Alba Mineral Resources PLC

Price: 0.06 GBX

Market: AIM
Market Cap: £2.28 m

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