Alba Mineral Resources plc has raised £380,000 before expenses through the issue of 584,615,385 new ordinary shares at a price of 0.065 pence per ordinary share. Following admission, the company’s total number of ordinary shares in issue will be 8,318,304,381. Alba holds no ordinary shares in treasury. Proceeds will be used at the company’s 100% owned Clogau-St David’s gold mine, […]
Tag: Alba Mineral Resources plc
Alba cheered by ‘exceptionally high grade’ sample results
Alba Mineral Resources plc reported “exceptionally high-grade sampling results” from No.4 level at the lower Llechfraith workings in Clogau-St David’s gold mine, north Wales. OPPORTUNITY The company said it was encouraged by the findings from refined composites of heavy mineral concentrates produced from processing more than 40 samples. From composite 1, recovery of gold weighed 3.1 […]
Alba to begin Llechfraith and waste tip bulk sampling
Alba Mineral Resources plc will next month begin bulk sampling from the Llechfraith target and the waste tip at its Clogau-St David’s gold mine, North Wales. FEASIBILITY Extraction of 120 tonnes of fines from the waste tip will begin with trenching planned for April. Processing of bulk samples to gold concentrate will be in May […]
Llechfraith samples show gold grains and sulphides
Alba Mineral Resources plc reported “discrete grains of gold” and a “significant” proportion of sulphides at level 4 of lower Llechfraith in Clogau-St David’s gold mine, North Wales. BULK SAMPLING Of 40 samples collected, the company fed 25 into its processing plant to produce so far heavy mineral concentrates. A majority of the concentrates, containing the […]
Alba completes dewatering lower Llechfraith level 4
Alba Mineral Resources plc has become the first company in decades to walk on level 4 of the lower Llechfraith workings following completion of dewatering in Clogau-St David’s gold mine. EXPLORATION Along with using pump rates of up to 250 cubic metres per day, specialist geotechnical contractors also installed new platforms and ladderways to allow […]
Alba to increase dewatering rates at Clogau
Alba Mineral Resources plc has received permission to increase the dewatering rate in the lower Llechfraith workings of its Clogau-St David’s gold mine, north Wales. EXPLORATION Industry regulator Natural Resources Wales approved the company’s application for variations to its existing discharge and abstraction permits. The rates will increase in early January from 100 to 250 […]