RE: Pixie2 Feb 2021 08:42
as lse are slow think i got all of rns
RNS Number : 6325N
Alba Mineral Resources PLC
02 February 2021
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Alba Mineral Resources plc
("Alba" or the "Company")
Clogau-St David's Gold Mine Update
Projected Vein System Now Extends 66 Metres Below Existing Workings
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 latest results from the ongoing Phase 1 drilling programme have enabled the Company to project the newly identified vein system as extending some 66 metres below the deepest previously worked zone at the Llechfraith mine area.
Key Points
· Surface Drilling Update
o Six drill holes have been completed for 724 metres in total.
o Since last drilling updates (announced on 21 December 2020 and 8 January 2021) covering holes LL001-LL003, holes LL004-006 have been completed for a further 324.5 metres.
o LL005 succeeded in intersecting the projected vein system some 16 metres or so below the intercepts for drill holes LL001-LL004. Hole LL005 intersected significant quartz veins at 90m and 102m.
o Alba now projects the newly identified vein system as extending 66 metres below the deepest previously worked zone at the Llechfraith mine area.
· Llechfraith Dewatering
o Application submitted for bespoke water discharge permit to allow lower workings in the Llechfraith Shaft to be dewatered in order to undertake underground drilling and bulk sampling directly from that zone.
· Pilot Processing Plant Operation
o Pilot gold processing plant now fully operational.
· Gwynfynydd and Dolgellau Gold Exploration Project
o Airborne geophysical and stream sediment sampling data being reprocessed with the objective to more narrowly define the regional gold targets.
George Frangeskides, Alba's Executive Chairman, commented:
"This surface drilling campaign is delivering on our objectives in spades. We wanted to identify the existence and extent of the vein system below the historic workings at Llechfraith, and we have now been able to show that it extends at least 66 metres below the deepest previously mined section. This provides us with a significant zone for follow-up channel and bulk sampling once we can get much closer access, which we will be able to do as soon as we have dewatered the Main Shaft at Llechfraith."
"Ultimately, assuming that sampling programme stacks up well, we would then look to sink an extension to the Main Shaft some 60 metres down from No 4 Level, with several new Levels then being driven across from the e
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