Maiden Drilling Programme at Clogau Gold Mine
Successfully Intersects Target Geology
Alba Mineral Resources plc (AIM: ALBA), the diversified mineral exploration and development company, is pleased to announce that the Company has completed its maiden exploration drilling campaign targeting extensions to the Llechfraith mine workings, which are part of the overall Clogau-St David’s Gold Mine (“Clogau” or the “Mine”) in North Wales.
The drilling sequence successfully intersected intrusive greenstones and shear zones dominated by intermixed Clogau shale and quartz veining. This is the geological setting for all known historical gold mining at Clogau.
· Completion of the first ever exploration drilling campaign at the Clogau-St David’s Gold Mine to the Company’s knowledge, targeting extensions to the Llechfraith mine workings.
· Drill-holes GMOW002 and GMOW003 both intersected shear zone-hosted quartz veining up to 25 metres below the lowest known Llechfraith workings. This therefore confirms the continuity of the mined shear zone structure at least 25 metres down dip of the historic mine workings.
· This is significant as it is this geological setting of shear-zone hosted quartz veining which is the primary setting for all the historic gold mining in the Clogau-St David’s Mine, including at the Llechfraith mine area.
· The drill core is being sent to an accredited laboratory for assaying.
George Frangeskides, Executive Chairman, commented:
“I am very pleased to report that our drilling programme into the Llechfraith mine area has achieved its primary objective, which was to demonstrate that the shear zone-hosted quartz veins in the Llechfraith mine area continue down below the lowest level of the historic workings, being the No. 4 level. This is significant, because shear zone-hosted quartz veining is the primary setting for all the historic gold mining at the Clogau-St David’s Mine.”
“In our short, two-year, period of involvement with the Clogau Gold Mine, we have already accomplished significant milestones. We are the first group to have ever systematically explored the Dolgellau Gold Belt, as a result of which we have been able to identify no fewer than 10 new gold anomalies there. We have undertaken the most extensive rehabilitation and safety works within the Mine carried out over the past few decades, if not longer, such that large areas of the Mine are now accessible to us as we seek to identify extensions to the gold-bearing quartz veins. And we are now the first group in the Mine’s history, to our knowledge, to have ever undertaken exploration drilling at Clogau.”
“This is an exciting and unique project, and we look forward to hitting further significant milestones in the coming year as we seek to bring Clogau back into commercial production in the shortest possible timeframe.”
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