Alba Mineral Resources plc (AIM: ALBA) is pleased to provide an update on its ongoing work activities at the Clogau Gold Project in north Wales (the “Project”). Alba holds a 49% interest in the Project owner, Gold Mines of Wales Limited (“GMOW”).
Alba Mineral Resources plc – (“Alba” or the “Company”) – Clogau Gold Project – Update
Highlights
- Significant work initiated and/or completed by Alba to date in Q1 2018 includes:
- 3D geological model being constructed for entire licence area and existing mine workings
- Detailed underground surveying completed by means of 3D scanning of immediately accessible areas within Upper Adit (Tyn Y Cornel)
- Preliminary mine plan being generated
- Primary targets for regional gold exploration being refined for spring 2018 field programme
George Frangeskides, Alba Executive Chairman, commented: “We have made really good progress at Clogau on a number of fronts in the first two months of 2018. The underground scanning of the extensive mine workings, and the 3D geological model that we are developing, will be invaluable assets in leading us to the principal targets for unworked gold mineralisation within the mine. And we are currently refining our targets for regional gold exploration. Having identified over 300 known gold occurrences within the wider Project area, we are certainly spoilt for choice.”
“This is a known and vastly under-explored gold belt – the great majority of it under licence to GMOW – and we are excited by the prospect of exploring the highest priority gold occurrences in the coming weeks. We will keep shareholders updated on progress on both the mine-related work and the regional gold exploration.”
