Alba Mineral Resources plc (AIM:ALBA) Thule Black Sands

Alba Mineral Resources plc (AIM: ALBA), the mineral exploration and development company with a diversified portfolio of mining assets and oil and gas investments, is pleased to announce the completion of the compilation by GEUS, the Geological Survey of Denmark and Greenland, of a georeferenced orthophoto and digital elevation model across the Thule Black Sands Project area.  The Thule Black Sands Project is situated in north-west Greenland and 100% owned by Alba.

 Completion of Orthophotography and Digital Elevation Model at Thule Black Sands

Click on or paste the following link into your website browser to view the associated PDF document (which includes maps and images): 

http://www.rns-pdf.londonstockexchange.com/rns/4852H_1-2018-3-12.pdf4852H_1-2018-3-12

Highlights:

 

·  Alba took aerial photography across the licence area as part of the field programme in Q3 2017.  This photography was released on 1 December 2017 for the NW Target (see Thule Flyover Video RNS and link to the flyover video 

 

·  The aerial photography highlights target mineralisation from across the entire 22km of coastline within the Project area

·  Data from the aerial photography has now been used by GEUS to compile orthophotography and a digital elevation model for the project.  This work will assist in identifying future exploration targets and will support future Mineral Resource Estimates for the Project

 

Alba’s Executive Chairman, George Frangeskides, commented:

We are grateful to the Geological Survey of Denmark and Greenland, GEUS, for their assistance in compiling this report.  GEUS has been exploring the Thule region of north-west Greenland for many decades and has amassed a substantial geological database for the region.  This latest analysis of the extensive mineralised coastline at our Thule Black Sands Project will greatly help us in the weeks and months ahead as we prepare a significant field work programme for this coming field season.”

 

Aerial Photography and Digital Elevation Model

 

During the Q3 2017 field campaign, GPS-enabled aerial photography was undertaken across the Project area.  This photography was released as a flyover video for the NW portion of the licence via RNS on 1 December 2017 (see link to the flyover video here: https://youtu.be/gJ_mIzIlA_8).

 

The aerial photographs taken were subsequently supplied to the Geological Survey of Denmark and Greenland (“GEUS”) who have used the GPS data and photographs to generate a digital elevation model (“DEM”) and georeferenced orthophoto for the licence.

 

The orthophoto generated has been georeferenced and can be draped over the digital elevation model created by GEUS. This allows the visualisation of the sample results previously reported and aids mapping of the sedimentary features. This will in turn assist the geological modelling for use in future Mineral Resource Estimates for the project and in the determination of the resource potential of the Project.

 

Images from the georeferenced orthophoto and digital elevation model compiled by GEUS can be seen by clicking on the link to the PDF version of this announcement found in the header of this announcement.

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

 Full RNS Update Link Here

 



 

Alba’s Principal Operations & Investments

 

Oil & Gas

 

Horse Hill (Oil & Gas, UK): Alba holds an 18.1 per cent interest in Horse Hill Developments Limited, the company which has a 65 per cent participating interest and operatorship of the Horse Hill oil and gas project (licences PEDL 137 and PEDL 246) in the UK Weald Basin.

 

Brockham (Oil & Gas, UK): Alba has a direct 5 per cent interest in Production Licence 235, which comprises the previously producing onshore Brockham Oil Field.

 

Mining

 

Amitsoq (Graphite, Greenland): Alba owns a 90 per cent interest in the Amitsoq Graphite Project in Southern Greenland and has an option over the remaining 10 per cent.

 

Thule Black Sands (Ilmenite, Greenland): Alba owns 100 per cent of mineral exploration licences 2017/29 and 2017/39 in the Thule region, north-west Greenland.

 

Gold Mines of Wales (Gold, Wales, UK): Alba holds a 49 per cent interest in Gold Mines of Wales, the ultimate owner of the Clogau Gold project situated in the Dolgellau Gold Belt in Wales.

 

Inglefield Land (Multi-Commodity, Greenland): Alba owns 100 per cent of mineral exploration licences 2017/40 and 2018/15 in north-west Greenland.

 

Melville Bay (Iron Ore, Greenland): Alba is entitled to a 51 per cent interest in mineral exploration licence 2017/41 in Melville Bay, north-west Greenland. The licence area benefits from an existing inferred JORC resource of 67 Mt @ 31.4% Fe.

 

Web: www.albamineralresources.com

 

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