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Alba Mineral Resources Plc
Summary
| Project: | Clogau | |
|---|---|---|
| Deposit: | Clogau | |
| Location: | United Kingdom | |
| Commodities: | Gold | |
| Date: | 1/28/2020 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-1-2020: Alba Mineral Resources Plc announces an Exploration/Drilling Update report for its Clogau deposit at the Clogau project. Drilling results incl. 1m @ 0.09g/t Au from 49.21m. Alba Mineral Resources plc (AIM: ALBA), the diversified mineral explora | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Howard Baker (Internal) | |
| ABSTRACT: | Alba Mineral Resources plc (AIM: ALBA), the diversified mineral exploration and development company, is pleased to report the assay results from the maiden drilling campaign at the Clogau-St David’s Gold Mine in North Wales. The objective of the drilling was to identify possible gold-bearing extensions to one particular target area at Clogau, being the Llechfraith mine workings. The drilling successfully intersected a quartz vein sequence up to some 25 metres below the known historical mine workings. In addition to this confirmation of the continuity of the mined shear zone-hosted quartz vein structure at depth, the assay results have now also confirmed the presence within the drillcore of gold mineralisation above the analytical detection limit. These results therefore indicate that a gold-bearing system may exist within that quartz vein sequence at depth. These results give the Company confidence to embark upon follow-up work at the Llechfraith mine area to locate continuations of the previously mined historic gold shoots. The Company is in the process of refining its overall 2020 work programme, which is expected to include a trenching programme across some of the 10 new regional gold targets which Alba has identified across the Dolgellau Gold Belt. | |
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