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Alba Mineral Resources Plc
Summary
| Project: | Thule Black Sands | |
|---|---|---|
| Deposit: | Thule Black Sands | |
| Location: | Greenland | |
| Commodities: | Ilmenite | |
| Date: | 5/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-5-2019: Alba Mineral Resources Plc announces a Resource Estimation report for its Thule Black Sands deposit at the Thule Black Sands project. Initial mineral resource estimate at the project. Alba’s Executive Chairman, George Frangeskides, commented: “ | |
| Resources: | (Resource, Inf.): 19.0Mt @ 43.6% THM | |
| CP/QP: | [Resources]: Greg Jones (IHC Robbins) | |
| ABSTRACT: | Alba’s Executive Chairman, George Frangeskides, commented: “To achieve a maiden resource at TBS after just one full field season is a phenomenal result. An Inferred Resource of 19 million tonnes is a huge step forward for this highgrade ilmenite project. For a 3 million tonnes per annum mining operation, this would already mean a mine life of more than six years.” “For our team to have taken this project from a standing start to a JORC resource in the space of two years is a testament to the hard work and commitment of our technical and management team as we continually strive to find and develop projects that will deliver real value for our shareholders.” “Alba now has two projects – TBS and Melville Bay – with JORC-compliant resources. We are due to start drilling at our Limerick Base Metals project imminently, followed in June and July by drilling at Amitsoq, our graphite project with world-leading graphite grades. And this is without mentioning the ongoing work to re-open the Clogau Gold Mine in Wales, and the ongoing exploration of the 30km stretch of the Dolgellau Gold Belt, under exclusive licence to Alba, which has already seen some very exciting results.” “With all these developments in train, Alba is extremely well-placed to make a huge step forward this year. | |
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