Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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• Alba is in the process of drawing up plans to directly access this newly identified
lode structure at depth in order to assess and collect ore for future processing and
mining
It is difficult to be more positive.
Derampers have a common theme
To talk about ramping after an rns statement that has nothing to do about either
Having read the rns it is well balanced and confirms extra drilling to confirm the size and depth of an unlined vein. It shows the mine has promise.
As I invest for the upside it is very sad to see so many posts using the word deramp.. it shows a basic lack of proper investing.
"I see the rampers are circling the wagons. Please take a note of all the people that have gave the thumbs up to this RNS and just watch how they operate . This share will drop today"
Post history shows everything. Yours its short but very revealing.
You can almost smell the fresh gold, bring it a on Alba
Cut the ramping your not writing to a idiot. <<<<< CLEARLY I AM TALKING TO AN IDIOT
I'm not ramping, I say it as I see it..... your a paid for 10p a post de-ramper, Hows Tom these days? he recovered from his recent jubbering over on EUA?
Regards
DIFTK
lot of experts on here again today, more to Alba than the gold, if shorters who are still waiting for the .20 think they will be dissapointed, lets see how the month goes news due.
If successful production will start in approximately 18 months - 24 months
HonestJ, Your just looking for a lower entry, Suck it up and get bought in, only way this is going in the next 12-18 months is way higher than where it is....
Look at the assets, its not just the ONLY welsh gold mine, its graphite and ilmenite too, not to mention the other assets we have..
Maybe read the RNS's for the last few months and get yourself upto date...
Kind Regards
DIFTK
I agree, the rns is useless and not sure it was released in good faith as there is nothing in it.
Hj , That's what makes a market, different views. ATB
OK, good.
There's unexpected (/previously unconfirmed) geology which would support the potential presence of more nuggety-natured gold....
But I also doubt this will move the SP much from it's current bargain-basement position, as there is no overt mention of having obviously intercepted gold (as I'm sure the de-rampers will be along to point out).
That's OK for me, for now, as it means I still have time to buy.
It would be great if they could do some digging - get that Masters student doing more than panning sediment from streams! (I jest - I'm actually quite jealous of whoever this is; how could you not enjoy your degree doing this?!).
GLALTHs
CC
pdf version:
https://www.rns-pdf.londonstockexchange.com/rns/7843Q_1-2021-3-1.pdf
Not convinced this is news to persuade people to top up. The veins are hardly large enough to warrant too much excitement. Hope I am wrong, but IMO this is a bit disappointing. Best of luck to all.
Plenty to shout about from the rooftops
Looks like they may need a bigger roof.
This is a good rns and worth topping up rather than selling. Better than anticipated..
Steady progress being made. I will be adding over the coming months. ATB
It certainly looks more productive than they thought. Bonus. Yet more good news. Watch it get manipulated down today. :-(
"Alba" or the "Company")
Clogau-St David's Gold Mine Update
Llechfraith Gold Target Strike Extent Projected at 58 Metres
Alba Mineral Resources plc (AIM: ALBA) is pleased to provide an update on the Company's work activities at the Clogau-St David's Gold Mine (the "Mine") where the latest results of the ongoing Phase 1 surface drilling programme have now enabled the Company to project the newly identified vein system at the Llechfraith mine area as having a strike extent of 58 metres.
Key Points
· Surface Drilling Update
o Since last update (2 February 2021), holes LL007 - LL009 have been drilled to bring the Phase 1 running total up to 981.6 m over nine holes
o LL008 intercepted the target structure, including one intercept 1.49 metres thick (one of the thickest vein intercepts in the entire programme)
o LL009 intersected the projected pay shoot at the deepest and westernmost point so far
o Alba now projects the newly identified vein system as having a strike extent of up to 58 metres, as well as extending 66 metres below the deepest previously worked zone at the Llechfraith mine area
o While it had originally been planned to drill only three holes from this collar location, the success of the drilling has resulted in the Company drilling a total of ten holes from this same location, allowing the significant dimensions of this lode system to be more clearly defined
o Final hole LL010 in this Phase will test the depth extent of the structure, aiming to intercept the lode at around 100 m below the existing workings
· Alba is in the process of drawing up plans to directly access this newly identified lode structure at depth in order to assess and collect ore for future processing and mining
Mark Austin, Alba's Chief Operating Officer, commented:
"All of our drilling to date has been aimed at providing us with critical geological and structural information on the lode systems previously mined at Clogau, so that we can assess if those same structures continue beyond the limits of the previously mined areas. To this end, the drilling at Llechfraith has been more successful than we could reasonably have anticipated: the physical attributes of the veins that we have intersected in our drill holes reflect the characteristics of the veins that were successfully mined in the past."
"While we should await the results of the drill core assays before reaching any preliminary conclusions, the significant dimensions of the Llechfraith Lode, as defined by the drilling so far completed, indicate that this could well be a significant contributor to future production at Clogau-St David's."
Details
Due to the ongoing success of the Phase 1 surface drilling campaign, the programme has now been extended to its tenth drill hole. To date, nine holes (LL001-LL009) have been completed for 981.6 metres. The tenth (and expected final hole), LL010, has now commenced and is expected to be appro
Mark Austin, Alba's Chief Operating Officer, commented:
"All of our drilling to date has been aimed at providing us with critical geological and structural information on the lode systems previously mined at Clogau, so that we can assess if those same structures continue beyond the limits of the previously mined areas. To this end, the drilling at Llechfraith has been more successful than we could reasonably have anticipated: the physical attributes of the veins that we have intersected in our drill holes reflect the characteristics of the veins that were successfully mined in the past."
"While we should await the results of the drill core assays before reaching any preliminary conclusions, the significant dimensions of the Llechfraith Lode, as defined by the drilling so far completed, indicate that this could well be a significant contributor to future production at Clogau-St David's."