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Alba Mineral Resources Mining Projects Update

Mining News - Published on Wed, 13 Feb 2019

Image Source: albamineralresources.com
Alba Mineral Resources has reported on progress made at the Company's mining projects and to outline the Company's work plans for the coming months. Alba's Executive Chairman, George Frangeskides, said "I am pleased to be able to present this update of the ongoing work across our suite of mining projects in the UK, Ireland and Greenland. In this update, we highlight our ongoing activities towards the re-opening of the Clogau-St Davids Gold Mine, the UK's largest historical gold producer. We also report on the extensive regional exploration programme which we will shortly be commencing across the Dolgellau Gold Belt; the great majority of which is under licence to Alba. This will involve the collection of up to 3000 samples covering about 50 per cent of the total extent of the Gold Belt, which runs to some 30 km in a straight line. By the use of systematic, modern exploration techniques, our objective is to unearth one or more gold deposits to rival the Clogau-St Davids Mine."

"In Ireland, we remain on track for drilling one or more identified Zinc-Lead targets in April or May. And in Greenland, we outline the results of an important technical study in relation to the Inglefield Polymetallic Project, which we hope will help us to unlock the IOCG and Zinc-Lead potential of that vast and largely uncharted region of northwest Greenland."

"Finally; we end this update by touching on our work to rationalise some of our land-holdings in Greenland. Our ongoing work, both out in the field and in the close season, has enabled us to hone our licences to cover the key targets and deposit areas, so that our exploration spend is directed in a way that we feel will add the most value to Alba and to our shareholders. We remain very positive about all of our Greenland projects, and intend to continue to be one of the prime movers and explorers in that vast, minerals-rich country."

"I look forward to providing shareholders with further updates as our work progresses.""Finally; we end this update by touching on our work to rationalise some of our land-holdings in Greenland. Our ongoing work, both out in the field and in the close season, has enabled us to hone our licences to cover the key targets and deposit areas, so that our exploration spend is directed in a way that we feel will add the most value to Alba and to our shareholders. We remain very positive about all of our Greenland projects, and intend to continue to be one of the prime movers and explorers in that vast, minerals-rich country."

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Posted By : Rabi Wangkhem on Wed, 13 Feb 2019
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