Business
GROC Update: Completed Phase 2 Drilling Assays
GROC Update: Completed Phase 2 Drilling Assays.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n \n \n Alba Mineral Resources plc\n \n \n \n \n \n \n (\"Alba\" or the \"Company\") \n \n \n GROC Update\n \n \n \n Amitsoq Project Update\n \n \n \n Completed Phase Two Drilling Assays Confirm Consistent High-Grade Graphite Intersections\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). Alba holds a 50.8% majority interest in GreenRoc. The announcement is set out below without material changes.\n \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 Completed Phase Two Drilling Assays Confirm Consistent High-Grade Graphite Intersections\n \n \n \n \n \n \n GreenRoc Mining Plc (AIM: GROC), a company focused on the development of critical minerals projects in Greenland, is\n pleased to announce the full set of drill core assay results 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. These results confirm the consistently high-grade graphite intersections within the Amitsoq Island Deposit and the presence of significant mineable widths. \n \n \n \n \n \n These outstanding results have now been passed to the independent competent person for completion of a revised mineral resource assessment, expected in January 2023\n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n ·\n Mineable widths (more than 2.0m true thickness) of graphite were present in eight holes of the UGL with graphite grades of 13.52 to 20.92 C(g) %.\n \n \n ·\n Mineable widths of graphite were also present in all 19 holes of the LGL, with some holes displaying two distinct graphite layers (LGL1 and LGL2) and graphite grades ranging from 17.80 C(g) % to 24.52 C(g) %.\n \n \n ·\n The LGL generally thickens from south (2.52m to 13.12m true thickness, drill pads H and I) towards the north (drill pads J and C2) from approximately 12m to more than 20m thickness while graphite grades appear unrelated to ore body thickness.\n \n \n ·\n The highest grade 24.52 C(g) % comes from 6....