Alba Mineral Resources plc has acquired an option to earn into a portfolio of gold licences, including “near-term” production opportunities, in northern Tanzania. VALUE The move follows the company’s signing an option last week for the Finnsbo rare earth project in eastern Sweden. Alba said that the Tanzanian licences were in the same district as […]
Tag: Clogau-St David’s Gold Mine
Alba raises £192,522 via retail offer
Alba Mineral Resources plc has conditionally raised approximately £192,522 before expenses via a “significantly oversubscribed” retail offer, exceeding its target of £100,000. The company issued 550,063,457 new ordinary shares of 0.01 pence each in the company at 0.035 pence per share. Following admission, Alba’s total number of ordinary shares in issue will be 9,725,510,695, with voting rights. The company holds […]
Alba reports ‘highly creditable’ fines gold
Alba Mineral Resources plc said it had a “highly creditable” result from processing fines from the surface waste tip at its Clogau-St David’s gold mine in north Wales. HISTORICAL Trench one revealed 16.4 grams equating to back-calculated head grade for the -20mm fines material of 3.83 g/t from trench one. Trench three resulted in 14.2 grams, […]
Alba extends lithium option and progresses Clogau
Alba Mineral Resources plc has extended the due diligence period for the Andover West lithium project in Western Australia while progressing operations at its Clogau-St David’s gold mine. DEWATERING The company now has until 18 June 2024 to decide whether it wishes to acquire an initial 50% interest in the lithium rights over the West […]
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 […]