Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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And i still need to go over 100% to get money back
News due from the north and south
In southern Greenland, we have the Amitsoq Graphite Project which boasts a history of production and two ‘bonanza’ graphite deposits, showcasing average grades that outshine any other graphite project globally.
Whilst news imminent at Thule Black Sands in northern Greenland, as we have extensively drilled along a previously unexplored coastline, revealing high-grade mineral sands spanning a 10 km stretch. This resource is already substantial, capable of supporting over a decade of mining at a rate of 1.5 million tonnes per year.
Re rate on the way.
GL short, medium and especially long term holders as your patience is about to be rewarded.
For those new to ALBA
There are currently no open short positions in Alba Mineral Resources.
Just watched the interview.
The next six months could be game changer for Alba.
When hundreds of ounces per ton are being mentioned here the shares should rerate in due course.
Absolutely, I live near Dolgellau and visit the Clogau area a lot on my treks. Security camera's etc very evident.
But after all the challenges we have faced over the past few years in gaining access to our No.1 target within the mine, to now have that high-grade potential finally confirmed by actual results is extremely heartening. We now look forward to the forthcoming bulk sampling on and below No.4 Level with a great deal of confidence and no little excitement."
Details
As reported on 22 February 2024, the Company recently took more than 40 samples from No.4 Level at the Llechfraith Target. All of those samples have been put through the Company's Gravity Processing Plant to produce heavy mineral concentrates. Three composites of these concentrates were sent to a third-party refining facility to determine their gold content. The results are reported in Table 1. Figure 1 shows the location of the samples.
From Composite sample 1, 3.1 grams of gold were recovered from 49.2 kg of sample (dry weight). This equates to a concentrate gold grade of 1,325.92 g/t and a back-calculated head grade of 89.15 g/t or 2.87 oz/t.
From Composite sample 2, 3.2 grams of gold were recovered from 34.4 kg of sample (dry weight). This equates to a concentrate gold grade of 1,136.77 g/t and a back-calculated head grade of 111.63 g/t or 3.59 oz/t.
From Composite sample 3, 4 grams of gold were recovered from 36.9 kg of sample (dry weight). This equates to a concentrate gold grade of 1,469.51 g/t and a back-calculated head grade of 133.73 g/t or 4.30 oz/t.
26 March 2024
Alba Mineral Resources Plc
("Alba" or the "Company")
Clogau Gold Mine Update
Exceptionally High Gold Grades Confirmed of up to 4.30 oz/t
Alba Mineral Resources Plc (AIM: ALBA) is delighted to report on exceptionally high-grade sampling results returned from No.4 Level at the Lower Llechfraith workings (the "Llechfraith Target"), Alba's principal gold target at the Company's 100% owned Clogau-St David's Gold Mine in north Wales ("Clogau" or the "Mine").
Key Points
· Alba has taken more than 40 samples from No.4 Level at the Llechfraith Target, and all have been put through the Company's Gravity Processing Plant to produce heavy mineral concentrates. Composites of the concentrates were then sent to a third-party refining facility.
· These composites have now returned exceptional gold grades:
o From Composite 1: 3.1 grams of gold were recovered from 49.2 kg of sample (dry weight), equating to a back-calculated head grade of 89.15 g/t or 2.87 troy ounces per tonne (oz/t).
o From Composite sample 2: 3.2 grams of gold were recovered from 34.4 kg of sample (dry weight), equating to a back-calculated head grade of 111.63 g/t or 3.59 oz/t.
o From Composite sample 3: 4.0 grams of gold were recovered from 36.9 kg of sample (dry weight), equating to a back-calculated head grade of 133.73 g/t or 4.30 oz/t.
· The Company is greatly encouraged by the fact that these high grades are from ore that did not contain visible gold and is interpreted as being part of the background gold population.
· Further, the fact that these grades were obtained from shallow chip sampling on a level that has previously been mined suggests that further and more extensive sampling on No.4 Level is merited. As No.4 Level is immediately accessible, this sampling can proceed without delay.
· While the planned bulk sampling within the extension to the Llechfraith Payshoot below No.4 Level (see the RNS of 22 March 2024) will target "bonanza" type grades of the kind found in previous periods of mining at Clogau, if the grades encountered on No.4 Level to date are replicated more extensively, this is expected to significantly strengthen the economic case for reopening the mine for commercial production.
· There are also historic piles of broken ore on No.4 Level that have been left in situ by previous operations. These piles represent a potential gold processing opportunity in advance of any planned new development.
George Frangeskides, Executive Chairman, commented:
"These are extraordinarily good results from No.4 Level. Whereas most gold projects measure results in grams per tonne, these grades can be measured in ounces per tonne.
"We always knew there was serious potential for finding high-grade gold at Clogau. But after all the challenges we have faced over the past few years in gaining access to our No.1 target within the mine, to now have that hig
Nice end to the day and nice spread,more same tomorrow
Following the RNS issued on 11/12/23.
Thank goodness for that.
Crayfish binned
Old Video from March 2021 with GF explaining the Drilling exploration of the Llechfraith target
https://youtu.be/o0qX3MzdIqE?feature=shared
Sensitive aren't you. Calling me a ramper for stating a fact, after ramping yourself all day.
And now calling me a childish name based on my username. This isn't a primary school playground Rick.
2nd biggest % gainer on the market, 9th biggest volume.
Nookie I totally agree but some just like to have a go for no reason. Crayfish being one.
Sorry to burst your bubble but I’m not going anywhere until the real gains, like I said earlier I obviously rub you up the wrong way so green bin me you ramper you.
@Prentice, agreed its beautifull and Alba do not spoil the landscape in any way. Just to be clear, the mine site its self is NOT for visiting past the external boundry fences, you can look from afar, but under NO circumstances cross any of the set boundrys, this is Alba private property and we do not wnat want people trying to access the site. Not much to see on the site, all the good stuff is behind closed doors and inside tunnels.
Let’s have a good board for a change…..
Bloody raining again.. the carrots can wait..
So if they bulk sample 150 tonnes and get an average of 4 oz per tonne...what's that worth?
on a postacard
F and B
Embarrassing yourself now Rick, have a read back through your earlier posts.
Sounds like you sold out for you quick 5%. Congratulations.
PS. I don't think admin will reinstate your alias.
Crayfish such a ramper, bring back MC admin as no difference between the pair of them.
It's not a ramp if it's factually true, you bizarre individual.
Stop ramping crayfish
Getting offered 0.105p for 7.8m shares currently
Herbert even if you don’t get into the mine you can still follow many paths around Clogau and its well worth it for the beauty alone plus there’s a lot interesting old mine shafts and workings to see. Highly recommend a visit