Alba Mineral Resources plc said it had identified a new high-grade regional gold target within its exploration licence area of the Dolgellau gold belt, Wales. The target, close to Gwynfynydd gold mine, showed with grab samples grading up to 24g/t. Stream sediment samples are being taken as part of an ongoing study in collaboration with […]
Tag: Wales
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 […]
Alba raises £1.3m for Wales and Greenland projects
Alba Mineral Resources has raised £1,300,000, before expenses, through the issue of 472,727,272 new ordinary shares at a price of 0.275 pence per ordinary share. The proceeds were raised at a price four times higher than the price of money raised last month. Funding will now go towards Alba’s diversified portfolio including including surface drilling […]
Alba finds new gold targets at Clogau-St David’s
Alba Mineral Resources plc aims to extend drilling after it identified ten separate gold targets and several new regional targets at Clogau-St David’s gold mine in North Wales. The junior miner has rehabilitated the mine in Dolgellau and is looking for extensions to previously worked gold veins. The mine has never been subjected to modern […]
Nant Helen coal mine licence refused for first time
A licence for the opencast coal mine in the Dulais Valley, Wales has for the first time been refused by the Welsh Government for the first time because of climate change. Celtic Energy, owner of the 850-acre site in Nant Helen, said it was shocked by the decision. The company employs 110 people, with 50 […]