Business
Clogau-St David's Gold Mine Exploration Update
Clogau-St David's Gold Mine Exploration Update.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5713O\n Alba Mineral Resources PLC\n 11 October 2021\n \n \n \n \n [Click on or paste the following link into your website browser to view the associated PDF document (including maps and images): \n http://www.rns-pdf.londonstockexchange.com/rns/5713O_1-2021-10-8.pdf\n \n \n \n \n \n Alba Mineral Resources plc\n \n \n (\"Alba\" or the \"Company\")\n \n \n \n \n \n Clogau-St David's Gold Mine, North Wales\n \n \n Near-Mine Exploration Update\n \n \n \n \n \n Alba Mineral Resources plc (AIM: ALBA) is pleased to provide an update on its ongoing work activities at the Clogau-St David's Gold Mine (\"Clogau\" or the \"Mine\") in North Wales in relation to the identification of new near-mine gold resources, as well as an update on the permitting process in relation to the proposed dewatering of the Llechfraith Shaft.\n \n \n \n \n \n Key Points\n \n \n · \n Additional potential for gold mineralisation at and around Clogau revealed by multi-element Prospectivity Modelling of Alba's 2019 Soil Sampling Programme (\"SSP\"). \n \n \n · \n Six high-confidence targets refined from the 10 targets previously defined by the SSP for follow-up investigation, including:\n \n \n o \n a 1.8 km long structure to the east of the Brintirion Fault which cuts through and displaces the lodes between the Clogau and St. David's workings.\n \n \n o \n a 2 km long target in the NE of the project area, previously tested by trenching in late 2020.\n \n \n · \n High-resolution UAV-Aeromagnetic Geophysical survey being commissioned to pinpoint the bedrock sources of geochemical anomalies.\n \n \n · \n Alba's detailed report has now been submitted to NRW in respect of the latter's Habitat Regulations Assessment of the proposed dewatering of the Llechfraith Shaft.\n \n \n \n \n \n Alba's Executive Chairman, George Frangeskides, commented: \n \n \n \"We continue to make excellent progress at the Clogau-St. David's Gold Mine in Wales as we build our understanding of the potential extent of near-mine gold mineralisation. Our recent work has distilled the 10 regional and near-mine gold targets we previously identified into six high-priority targets, including two which are 1.8 km and 2 km long. We look forward to advancing our knowledge of these virgin gold targets by further in-de...