Alba Mineral Resources Regulatory News (ALBA)

14 Feb 2006 07:00

Alba Mineral Resources PLC14 February 2006 Alba Mineral Resources plc ("Alba" or "the Company") Alba Outlines Gold Mineralization at Bohaun Alba Mineral Resources plc (AIM: ALBA), the UK based exploration company,reports positive initial exploration results from a rock sampling programme atthe Company's Bohaun licence block in Ireland, in which the Company holds a 100%interest. The results confirm Bohaun as a prospective gold target with highgrade potential. Highlights • Results from a reconnaissance rock sampling survey have outlined a large and coherent zone of gold bearing, silicified outcrops and boulders, measuring 1.25 kilometres in length and 125 metres wide. • The programme has confirmed previously known mineralization and revealed new gold bearing outcrops. • Sampling to date has returned a number of high-grade gold results including 587.1, 51.1 and 19.9 grams per tonne gold ("g/t Au"), with associated silver values of 186.2, 10.9 and 1.4g/t respectively. Lance O'Neill, Chairman, Alba Mineral Resources commented; "The initial resultsfrom Bohaun verify high grade gold mineralization, widespread anomalous goldvalues and confirm the potential of the licence area. The Company will conductdetailed infill sampling, soil sampling and prospecting to further assess thisexciting prospect." Rock Sampling Reconnaissance rock sampling was conducted across a north-north-east trendingsilicified zone, containing variably developed quartz stockworks with minordisseminated sulphides. The siliceous breccia body is hosted within a packageof meta-sedimentary country rock. To date the known extent of the silicification and associated alteration istraceable in outcrop over 1.6 kilometres and is up to 160 metres in width,dipping steeply to the west. Chip sampling was conducted (perpendicular to thedominant structural trend) across outcrops and a summary of the results from thesampling programme are as follows: Total samples: 66Highest gold values: 587.1 (boulder), 51.1, 19.9 and 2.3 g/t AuSamples over 5 g/t Au: 3 (5%)Samples between 1 and 5 g/t Au: 5 (8%)Samples between 0.1 and 1 g/t Au: 17 (26%). The results from the sampling have outlined a large, coherent zone of goldbearing outcrops along a strike length of 1.25 kilometres, confirming previouslyknown mineralization and revealing new zones gold mineralization. Background The Bohaun gold project comprises a block of eight contiguous explorationlicences with a total area of 177 square kilometres. The licences were grantedto Alba's wholly owned subsidiary Aurum Mineral Resources on 30th June 2004.Alba is targeting low-sulphidation epithermal gold mineralization throughout theBohaun licence block similar to that recorded by a previous operator in thecentre of the block, where a north-south striking auriferous zone ofsilicification was discovered during exploration activity in the early 1990's.Low-sulphidation epithermal mineralization often contains cross-cuttinghigh-grade "bonanza" veins. Regionally the area offers much potential with a number of gold occurrences,gold-bearing outcrop and float identified within the prospect. Other geochemicalanomalies have been identified associated with favourable structures which haveyet to be followed up by more detailed exploration; ENDS For further information contact: Contact Company Telephone Lance O'Neill, Chairman Alba Mineral Resources plc +44 (0)20 7499 8334Wilson Robb, Exploration Director Alba Mineral Resources plc +353 (0)46 9059959Justine Howarth/ Victoria Thomas Parkgreen Communications +44 (0 20 7493 3713Liam Murray City Financial Associates Limited +44 (0)20 7090 7800 Notes to Editors Alba Mineral Resources PLC is a junior explorer with a diversified commodityportfolio, primarily nickel, gold, copper, cobalt and platinum group metals,focussed on the Appalachian-Caledonide trend, a zone extending from the easternseaboard of North America to Scandinavia. Alba currently has interests in anumber of well researched properties in Scotland and Ireland, owned in its ownright or in conjunction with other parties. This information is provided by RNS The company news service from the London Stock Exchange