Business
Inglefield Land Update
Inglefield Land Update.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n \nRNS Number : 7891F Alba Mineral Resources PLC 31 October 2018 \n\n[Click on or paste the following link into your website browser to view the associated PDF document (including maps and images): http://www.rns-pdf.londonstockexchange.com/rns/7891F_1-2018-10-30.pdf\n \nAlba Mineral Resources plc\n(\"Alba\" or the \"Company\")\n \nMaiden Reconnaissance Sampling Shows Significant Multi-Element Anomalies at Inglefield Land, North-West Greenland\n \nAlba Mineral Resources plc (AIM: ALBA), the diversified mineral exploration and development company, is pleased to report the results from the recent reconnaissance sampling programme completed at the Company's 100% owned Inglefield Land polymetallic project in north-west Greenland.\n \nHighlights:\n \n§ Identified mineralisation confirms Inglefield Land copper-gold potential with an assemblage akin to porphyry copper/iron oxide-copper-gold (\"IOCG\") style deposits\n \n§ The new results complement the results obtained by the previous operator with both sets of assay data showing extensive mineralisation potential over significant strike lengths\n \n§ Polymetallic gold-copper-silver mineralisation identified at the Kap Agassiz/Bear Island target\n§ Channel sample gold grades up to 0.65 g/t\n§ Rock sample copper grades up to 1.65%\n§ Rock sample silver grades up to 18.6 g/t\n \n§ Soil sample polymetallic gold-copper-silver-molybdenum mineralisation identified at the Four-Finger target\n§ Gold grades up to 0.36 g/t\n§ Copper grades up to 0.18%\n§ Silver grades up to 13.35 g/t\n§ Molybdenum grades up to 0.11%\n \nAlba's Executive Chairman, George Frangeskides, commented: \n\"The indications from these assay results is that large-scale mineralising systems exist in Alba's licence areas and that this could indicate the presence of porphyry copper and/or IOCG systems. These deposits are typically polymetallic and very large in scale.\"\n\"Given the potential significance of such a discovery, this is something we intend to focus our future work on at our Inglefield Land Project, both in terms of the further geological and geophysical analysis to be undertaken over the winter as well as the follow-up field exploration planned for 2019.\" \nProject Description\nThe Inglefield licences, 2017/40 (90km2) and 2018/25 (466km2), are locat...