Alba Mineral Resources plc has raised £75,000 before expenses by placing 600 million new ordinary shares each at 0.0125 pence to an institutional investor. Following admission, the company’s ordinary shares in issue will total 11,541,721,949, with none held in treasury. Alba’s assets include the Dolgellau gold belt, including the historic gold mines of Clogau-St David’s […]
Tag: Clogau-St David's gold mine
Clogau blasting reveals visible sulphides-gold
Alba Mineral Resources plc reported “large” amounts of visible sulphide mineralisation in blasted rocks, indicating associated gold mineralisation, at its Clogau-St David’s gold mine. BULK SAMPLE The company has also noted visible gold within the blasted ore. Drilling and blasting at level 5 on the Llechfraith target continues round the clock, with a team of […]
Alba raises £300,000 via placing
Alba Mineral Resources plc has raised £300,000 by a placing of one billion new ordinary shares at 0.03 pence per ordinary share. USES Following admission, the company’s total ordinary shares in issue will number 10,736,939,266, with none held in treasury. Alba today also opened a separate retail offer at the same price per share to […]
Alba to process 25t of historic Clogau ore
Alba Mineral Resources plc has removed around 25 tonnes of ore from historic mining, due to be processed for gold, from the Llechfraith target at its Clogau-St David’s mine in north Wales. BLASTING The “significant” exercise cleared the in-situ ore on levels 4 and 5, which “greatly exceeded” the anticipated volume and consequently extended the […]
Alba completes first blast at Clogau
Alba Mineral Resources plc has successfully completed the first blast at its Llechfraith priority gold target at Clogau gold mine in north Wales. COMMERCIAL “We are delighted to have successfully and safely completed the first blast at our main gold target at Clogau, the Llechfraith target,” said executive chairman George Frangeskides. “To our knowledge, this is […]
Alba raises £300,000 via placing
Alba Mineral Resources plc has raised £300,000 in a placing and subscription of 857,142,857 new ordinary shares at 0.035 pence per ordinary share. USES Chairman George Frangeskides subscribed for 48,571,428 shares for £17,000 and non-executive director Michael Nott subscribed for 8,571,428 (£3,000). Following admission, the total number of ordinary shares in issue will be 9,175,447,238, with voting rights. The […]