Metals & Minerals News

Alba restarts Clogau-St David gold surface drilling

Alba Mineral Resources plc said it had restarted surface drilling at its Clogau-St David’s Gold Mine in North Wales. The critical minerals and precious metals company added it had processed a small bulk sample at a third-party processing facility and results confirmed the production of a 20.7 grams per tonne (g/t) gold concentrate. Alba also […]

Metals & Minerals News

Alba intersects potential 550m extension at Clogau

Alba Minerals Resources plc said it had intersected a potential 550-metre extension to the Main Lode containing most of the historic production at Clogau-St David’s gold mine in North Wales. The company believes the extension is in westerly direction the Clogau Main Lode and now plans infill surface and underground drilling for confirmation. FIRST PHASE […]

Finance Metals & Minerals News

Alba Mineral raises £1.2m through shares placing

Alba Mineral Resources plc has raised £1.2 million before expenses through the issue of 320,000,000 new ordinary shares at a price of 0.375 pence per ordinary share. Share warrants will also be issued to each subscriber in the placing, with one warrant for every two shares subscribed for, for a total of 160,000,000 warrants.

Metals & Minerals News

Alba secures Dolgellau gold belt exploration rights

Alba Mineral Resources plc announced it has been awarded a six-year exploration licence, renewable by up to four years, to the Gwynfynydd gold mine in Gwynedd, North Wales. The mine is the second largest producer of gold, after Clogau-St David’s gold mine, in the UK’s history. The award means that Alba has now secured the […]

Metals & Minerals News

Alba starts surface drilling at Clogau gold mine

Alba Mineral Resources plc said it had started surface drilling after completing its underground drilling programme and bulk sampling at Clogau-St David’s Gold Mine in Snowdonia National Park, North Wales. The metals and critical minerals mining company reported that underground drilling programme had involved seven drill holes for a total of 559.5 metres and which […]

Metals & Minerals

Work at Clogau gold mine unaffected by Covid

Alba Mineral Resources said its underground drilling programme at Clogau-St David’s Gold Mine would be unaffected by recent Covid-19 restrictions imposed in Wales. Wales will introduce a two-week ‘firebreak’ from 23 October to 9 November 2020 to help stop the pandemic. However the mining and hydrocarbon company is on schedule to complete the first phase […]