Business
Clogau Update - Phase 2 Surface Drilling Commences
Clogau Update - Phase 2 Surface Drilling Commences.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0570V\n Alba Mineral Resources PLC\n 12 April 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/0570V_1-2021-4-11.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 Update\n \n \n Phase 2 Surface Drilling Commences\n \n \n \n \n \n Alba Mineral Resources plc (AIM: ALBA) is pleased to announce that the second phase of the Company's surface drilling programme at the Clogau-St David's Gold Mine (\"Clogau\" or the \"Mine\") has commenced. This phase of drilling will target what Alba believes to be the westerly, 550-metre extension to the Clogau Main Lode, the source of most of the historic gold production at the Mine. \n \n \n \n \n \n Key Points\n \n \n · \n Underground drilling programme completed in October 2020 intersected what Alba believes to be the westerly, 550-metre extension of the Clogau Main Lode, source of most historic production at Clogau-St David's Gold Mine.\n \n \n · \n Phase 2 surface drilling programme designed to confirm continuity of Main Lode extension. If confirmed, this will become a primary zone for underground development and extraction.\n \n \n ·\n Phase 2 drilling will also seek to intersect projected depth extensions of certain historically worked lodes, namely Grandfathers Lode and the 7-10 Lode.\n \n \n \n \n \n Alba's Executive Chairman, George Frangeskides, commented: \n \n \n \"The Main Lode has provided most of the historic gold production at the Clogau-St David's Gold Mine, so finding a continuation of the Main Lode which has never previously been exploited would constitute the most important discovery at the Mine in many decades. With that major objective in mind, we are excited to get this next phase of our surface drilling programme underway.\"\n \n \n \n \n \n Details\n \n \n The second phase of the surface drilling programme at the Clogau-St David's Gold Mine will consist of an 8-10 hole programme for around 2,000 metres. This phase of drilling will target the Main Lode extension indicated by the underground drilling last year (see Figure 1 in the PDF version o...