RE: RNS24 Feb 2021 07:08
Alba's Executive Chairman, George Frangeskides, commented:
"As we all emerge from a tough winter, for more reasons this year than usual, our technical team are positively champing at the bit to get out into the Dolgellau Gold Field and continue our work to find new sources of gold that have never been exploited before."
"This regional exploration is a separate exercise to our work to bring the Clogau-St David's and Gwynfynydd gold mines back into commercial production. It requires a different methodology and mindset, and the use, to start with at least, of some quite simple field exploration tools and techniques that are employed in countless mineral exploration projects the world over, such as stream sediment sampling. Nonetheless, this is important and potentially very significant work."
"For the first time, we will be expanding our regional exploration programme to cover our recently granted Gwynfynydd exploration licence. We are very optimistic about the prospects for finding new gold deposits in the Dolgellau Gold Field."