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Clogau Update Pitting of Waste Rock Dump Commences
Clogau Update Pitting of Waste Rock Dump Commences.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2188V\n Alba Mineral Resources PLC\n 13 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/2188V_1-2021-4-12.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 Pitting of Waste Rock Dump Commences\n \n \n \n \n \n Alba Mineral Resources plc (AIM: ALBA) is pleased to announce that the evaluation pitting of the historic waste rock dump at the Clogau-St David's Gold Mine (\"Clogau\" or the \"Mine\") will commence shortly. \n \n \n \n \n \n Key Points\n \n \n ·\n The waste rock dump contains material derived from the internal development of the Clogau-St David's Gold Mine during past periods of production.\n \n \n · \n The dump is estimated to cover about 30,000 square feet and to contain 20,000 tonnes of rock.\n \n \n · \n Nine pits are to be dug, with around 15 tonnes of material to be extracted per pit. The material will be screened and a sample of the finer material from each pit will then be sent for gold assaying offsite. \n \n \n \n \n \n George Frangeskides, Executive Chairman, commented: \n \n \n \"We are constantly looking for ways to unlock early revenue streams at Clogau-St David's while we continue with our work to prove up, through drilling, the new gold-bearing zones within the mine complex which will ultimately justify a decision to reopen the mine for long-term commercial production.\"\n \n \n \"One such potential source of early revenue is in the waste rock dump at Clogau. We estimate that this dump contains around 20,000 tonnes of rock extracted from the mine during previous periods of production, and we believe there are good prospects for finding significant quantities of gold in the finer grain-size fractions within the dump.\"\n \n \n \"Although we will be initially shifting a lot of rock in this exercise - around 135 tonnes of it - the samples that we will be screening, collecting and sending for assay will only weigh around 50-100kg per pit. Assuming normal processing times at our preferred external assay laboratory, we expect, therefore, to have a definitive answer on the gold-beari...