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GROC: Exceptional Grades from Phase Two Drilling
GROC: Exceptional Grades from Phase Two Drilling.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n \n \n \n \n \n 14 November 2022\n \n \n Alba Mineral Resources plc\n \n \n \n (\"Alba\" or the \"Company\") \n \n \n \n \n \n \n GROC Update\n \n \n \n Exceptional Grades from Phase Two Drilling and SIA Contract Signed\n \n \n \n \n \n \n Alba Mineral Resources plc (AIM: ALBA) is pleased to note the announcement today by its portfolio company, GreenRoc Mining Plc (\"GreenRoc\") (AIM: GROC), of\n the first batch of assay results from drill core taken from the 2022 Phase Two drilling programme at GreenRoc's flagship Amitsoq Graphite Project in South Greenland ('Amitsoq' or the 'Project'), one of the highest-grade graphite projects in the world. Alba holds a 54% majority interest in GreenRoc.\n \n \n The announcement is set out below without material changes. \n \n \n \n \n \n \n \n \n GreenRoc Mining Plc\n \n \n \n (\"GreenRoc\" or the \"Company\")\n \n \n \n \n \n \n Amitsoq Project Update\n \n \n \n \n Phase Two Drilling Assays Confirm Exceptional Grades and\n \n \n \n \n SIA contract signed with Niras\n \n \n \n \n \n \n GreenRoc Mining Plc (AIM: GROC),\n a company focused on the development of critical minerals projects in Greenland, is pleased to announce the first batch of assay results from drill core from the 2022 Phase Two drilling programme at the Company's flagship Amitsoq Graphite Project in South Greenland ('Amitsoq' or the 'Project'), one of the highest-grade graphite projects in the world. \n \n \n \n \nThe Company is also pleased to confirm the appointment of Niras a/s ('Niras'), an experienced Danish/Greenlandic multi-disciplinary engineering consultancy, to undertake a Social Impact Assessment (\"SIA\") at Amitsoq as GreenRoc focuses on fast-tracking the Project to mine development status.\n \n \n \n \n \n \n Key Points\n \n \n \n ·\n First assay results, from four of the 19 holes drilled during Phase Two drilling, which concluded in September 2022 at Amitsoq, have returned more world-class graphite grades at the Project.\n \n \n ·\n Assays of intersections of graphite ore from the main Lower Graphite Layer ('LGL')\n returned graphite grades\n of between 20.99% and 24.52% by weight (expressed as C(g) below) for mineable widths (larger than 2.0m).\n \n \n ·\n The Upper Graphite Layer ('UGL') varies between 17.29% and 20.92% C(g) for mineabl...