Petro Matad CEO Mike Buck confirmed that he believes the Exploitation Licence for Block XX in Eastern Mongolia is likely to be awarded in Q2. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAlba Mineral Resources Share News (ALBA)

Share Price Information for Alba Mineral Resources (ALBA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.26
Bid: 0.25
Ask: 0.26
Change: -0.02 (-7.14%)
Spread: 0.01 (4.00%)
Open: 0.28
High: 0.28
Low: 0.26
Yest. Close: 0.28
ALBA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Alba Mineral Resources upbeat on latest drilling at Clogau-St David's

Tue, 2nd Mar 2021 15:13

(Sharecast News) - Alba Mineral Resources updated the market on its work activities at the Clogau-St David's Gold Mine on Tuesday, where the latest results of the ongoing phase 1 surface drilling programme had now enabled it to project the newly=identified vein system at the Llechfraith mine area as having a strike extent of 58 metres.
The AIM-traded firm said that since its last update on 2 February, holes LL007 to LL009 had been drilled, bringing the phase 1 running total up to 981.6 metres over nine holes.

It said LL008 intercepted the target structure, including one intercept 1.49 metres thick, being one of the thickest vein intercepts in the entire programme, while LL009 intersected the projected pay shoot at the deepest and westernmost point so far.

Alba now projected 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.

While it had originally been planned to drill only three holes from that collar location, the board said the success of the drilling had resulted in it drilling a total of 10 holes from there, allowing the significant dimensions of the lode system to be more clearly defined.

The final hole in the phase, LL010, would test the depth extent of the structure, aiming to intercept the lode at around 100 metres below the existing workings.

Alba said it was in the process of drawing up plans to directly access the newly-identified lode structure at depth, in order to assess and collect ore for future processing and mining.

"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," said chief operating officer Mark Austin.

"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."

At 1450 GMT, shares in Alba Mineral Resources were up 2.92% at 0.34p.

More News

TRADING UPDATES: Clipper Logistics, JD Sports ink letter of intent

TRADING UPDATES: Clipper Logistics, JD Sports ink letter of intent

13 Apr 21 21:56

Alba Mineral Resources begins phase 2 drilling at Clogau gold mine

Alba Mineral Resources begins phase 2 drilling at Clogau gold mine

12 Apr 21 15:17

Alba begins second phase of surface drilling at Clogau-St David's

(Sharecast News) - Alba Mineral Resources announced on Monday that the second phase of its surface drilling programme at the Clogau-St David's Gold Mine had started.

12 Apr 21 09:23

TRADING UPDATES: Enwell and Alpha Growth post first quarter growth

TRADING UPDATES: Enwell and Alpha Growth post first quarter growth

9 Apr 21 11:03

Alba Mineral Resources upbeat on Limerick project structural review

(Sharecast News) - Alba Mineral Resources announced the completion of a structural review on its Limerick Base Metals Project in Ireland on Friday, which identified three main target zones for follow-up exploration activities, including drilling.

9 Apr 21 09:20

Alba Mineral shares rise as hails drilling at Clogau-St David's

Alba Mineral shares rise as hails drilling at Clogau-St David's

12 Mar 21 10:50

AIM WINNERS & LOSERS: Alba Minerals says hole exceeds expectations

AIM WINNERS & LOSERS: Alba Minerals says hole exceeds expectations

12 Mar 21 10:11

Alba reports 'significant' findings at Clogau-St David's project

(Sharecast News) - Alba Mineral Resources announced the completion of its phase 1 surface drilling programme at the Clogau-St David's Gold Mine on Friday.

12 Mar 21 09:12

TRADING UPDATES: Marlowe executes strategy with whirl of acquisitions

TRADING UPDATES: Marlowe executes strategy with whirl of acquisitions

2 Mar 21 17:12

Alba Mineral Resources upbeat on latest drilling at Clogau-St David's

(Sharecast News) - Alba Mineral Resources updated the market on its work activities at the Clogau-St David's Gold Mine on Tuesday, where the latest results of the ongoing phase 1 surface drilling programme had now enabled it to project the newly=identified vein system at the Llechfraith mine area as having a strike extent of 58 metres.

2 Mar 21 15:13

Alba Mineral Resources begins work on Gwynfynydd licence

(Sharecast News) - Alba Mineral Resources updated the market on the latest planned phase of work at its Dolgellau Gold Exploration Project in north Wales on Wednesday, reporting that the next step would involve stream sediment sampling.

24 Feb 21 12:45

TRADING UPDATES: Avacta Plans Covid Test Launch Near First Quarter End

TRADING UPDATES: Avacta Plans Covid Test Launch Near First Quarter End

24 Feb 21 11:45

Alba gets extension to exploration licence at Clogau-St David's

(Sharecast News) - Alba Mineral Resources said on Thursday that the Crown Estate has agreed to extend the duration of its exclusive exploration licence over the Clogau-St David's Gold Mine in north Wales.

11 Feb 21 14:54

IN BRIEF: Alba Mineral Extends Licence For Clogau-St David Gold Mine

IN BRIEF: Alba Mineral Extends Licence For Clogau-St David Gold Mine

11 Feb 21 13:36

Alba pleased with graphite test work results at Amitsoq

(Sharecast News) - Alba Mineral Resources announced the results of the independent test work programme undertaken on graphite material from its high-grade Amitsoq graphite project in southern Greenland on Tuesday, saying the work had confirmed that the graphite content of ore was "very high", among the highest found in flake graphite deposits globally.

9 Feb 21 11:13

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.