RE: RNS21 Sep 2020 08:18
George Frangeskides, Executive Chairman of Alba, commented, "We are pleased to have received this significant support from investors, which is a validation of the strength of our mining portfolio."
"This funding will greatly strengthen our balance sheet and enable us to execute our plans for an ambitious surface drilling programme at the Clogau-St David's Gold Mine. In addition, we will begin preparations for drilling at our high-grade Amitsoq graphite project and for Resource expansion drilling at Thule Black Sands."
"The drilling and bulk sampling programme is progressing well at Clogau-St David's, with two drill holes completed so far for a total of 125 metres with the third hole currently at over 66 metres, and approximately eight tonnes of material collected from three of our bulk sampling targets so far."