Alba Mineral Resources Share News (ALBA)

(Sharecast News) - Exploration and development company Alba Mineral Resources updated the market on its field activities on Wednesday, reporting that work at the Clogau Gold Project had resumed following the easing of Covid-19 lockdown restrictions, while it was delaying its drilling programme at Amitsoq.
The AIM-traded firm said the priority for Clogau for the rest of 2020 would be the execution of an underground bulk sampling programme, subject to the receipt of regulatory approvals.​

It said the first bulk sample would be processed off-site at an accredited processing facility in the UK.

After that, Alba said it would establish its own dedicated pilot processing plant, with the board also confirming that the Amitsoq drilling programme had been deferred until 2021.

"We have a team currently carrying out underground sampling and 3D scanning and refining our targets for underground bulk sampling and drilling," said executive chairman George Frangeskides.

"The bulk samples we take will initially be processed at a third-party facility offsite, but in the meantime we will look to establish our own dedicated pilot processing plant capable of processing three tonnes of material per hour or around 400 tonnes per month."

At 1600 BST, shares in Alba Mineral Resources were down 4.97% at 0.078p.