RE: RNS20 Nov 2020 07:03
Alba's Executive Chairman, George Frangeskides, commented:
"We are delighted to have secured the exclusive mineral exploration rights to the Gwynfynydd Gold Mine and its surrounding exploration ground. Alba now has the exclusive exploration rights across the entire length of the Dolgellau Gold Belt."
"Gwynfynydd shares many of the same characteristics and the same geological setting as Clogau-St David's, and as such we intend to approach the exploration and development activities at Gwynfynydd in much the same way as we have done at Clogau, using all the tools in the extensive modern-day exploration tool-box, from underground 3D mine scanning to geochemical soil sampling, surface trenching, diamond drilling and bulk sampling."
"Alba has now reunited the two key mines in the Dolgellau Gold Field, Clogau and Gwynfynydd, meaning that we can now roll out our regional exploration programme, which identified no fewer than 10 new gold targets over our Clogau licence area, to the Gwynfynydd licence area too. We are really excited to begin work."