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Alba Mineral Resources to get cracking in Greenland

The exploration campaigns at its wholly-owned assets, Thule Black Sands and Inglefield Land, will run concurrently

Inglefield Land
The team will carry out a two-week mapping and sampling campaign across 5-6 key locations at Inglefield Land

Exploration activities at Alba Mineral Resources PLC's (LON:ALBA) Thule Black Sands and Inglefield Land projects in north-west Greenland are scheduled to commence this month.

At Thule Black Sands, around 1,000 metres of drilling and sampling is planned.

READ: Alba Minerals raises £800,000 as it homes in on exploration targets in Greenland

It is anticipated that all samples will be split on site with the samples for assay being sent to independent laboratories for determination of heavy mineral content. Coarse reject material from the sampling will be stored off-site for future test-work.

Additional potential targets within the licence have been identified through a review of satellite imagery. These include a number of deltaic deposits feeding the coastline where it seems apparent that the source water course cross cuts numerous sills and dykes that are the source for the ilmenite in the region.

Alba intends to use the specialist equipment being brought to the site by the company's environmental consultants to collect some offshore samples from the sea bed, in order to test for the presence and grade of offshore ilmenite.

Alba is intending to collect up to 20 tonnes of bulk samples from various locations across the licence and as dictated by the drilling. The bulk samples will be used for future metallurgical test work.

During the upcoming fieldwork, Alba will be joined by a team of external environmental specialists who will commence the required studies to support a future Environmental Impact Assessment. The work planned will include the extensive collection of samples of flora and fauna.

At Inglefield Land, mapping and sampling of multiple targets prospective for cobalt, gold, copper, zinc and other previously identified anomalies will kick off.

"We are excited to get back into the field shortly for our first full-field campaign at Thule Black Sands, whilst also embarking on our maiden campaign at Inglefield Land, a project which contains targets for a suite of commodities, including cobalt, gold, zinc and nickel,” said George Frangeskides, Alba's executive chairman.

“We will be able to benefit from logistical cost savings in exploring both sites in north-west Greenland at the same time and look forward to reporting material results as and when they are available," he said.

Quick facts: Alba Mineral Resources PLC

Price: 0.161 GBX

Market: AIM
Market Cap: £6.03 m

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