Business
Further Exploration Licences in Greenland
Further Exploration Licences in Greenland.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n \nRNS Number : 6638P Alba Mineral Resources PLC 04 September 2017 \n\nClick on or paste the following link into your website browser to view the associated PDF document (including maps and images): \nhttp://www.rns-pdf.londonstockexchange.com/rns/6638P_-2017-9-3.pdf\nAlba Mineral Resources plc\n(\"Alba\" or the \"Company\")\nAlba Awarded Further Exploration Licences \nIn North-West Greenland \n \nAlba Mineral Resources plc (AIM: ALBA) announces that it has been granted three exploration licences in north-west Greenland, within the same municipality as Alba's new Thule mineral sands project. These additional licences were applied for following the completion of Alba's review of available exploration ground in Greenland.\n \nHIGHLIGHTS\n- Alba has been granted an exclusive exploration licence covering 158 km² of prospective ground in the Thule mineral sands province. This licence covers further prospective areas of ilmenite mineralization and is in close proximity to the mineral sands exploration licence granted to Alba (MEL 2017/29) as announced on 1 August 2017. \n \n- In addition, Alba has been granted an exclusive exploration licence covering 370 km², consisting of two sub-areas that are prospective for iron ore. The licence area contains an existing inferred JORC resource of 67 Mt @ 31.4% Fe.\n \n- Finally, Alba has been granted a small exploration licence of 90 km² in the Inglefield Land area, prospective for mineralization including copper, gold, cobalt and nickel.\n \nGeorge Frangeskides, Alba's Executive Chairman, commented: \"This additional exploration ground increases Alba's exploration footprint in the north-west of Greenland. While the previously granted licence area, MEL 2017/29, in the Thule Black Sands Province, will be the focus of Alba's exploration activities in this part of north-west Greenland, we have taken this opportunity to apply for other known prospective areas of mineralization in the region.\" \n \nThule Black Sands additional licence area (MEL 2017/39)\nAlba's new licence, MEL 2017/39, encompasses five sub-areas chosen as they host areas of historically mapped raised and active heavy mineral sand beaches. \nSimilar to MEL 2017/29, the deposits in this new licenc...