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Joint Venture
Joint Venture.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n Alba Mineral Resources PLC\n11 April 2006\n\n Alba Mineral Resources plc\n ('Alba' or 'the Company')\n\n\n Alba Enters Joint Venture With Boliden Tara Mines Limited.\n\nAlba Mineral Resources plc (AIM: ALBA), the UK based exploration company, is\npleased to announce that it has signed a Joint Venture arrangement (the Joint\nVenture) with Boliden Tara Mines Limited (Tara) on 31 March 2006 to explore for\ngold at the Company's Lough Gowna licence block in Ireland. Alba and Tara each\nhold a 50% interest in the licence block which the two companies jointly applied\nfor and were awarded on 27 May 2004.\n\n\nUnder the cooperative venture both parties have committed to fund an initial\nstudy of the Lough Gowna block's potential for palaeoplacer and shear hosted\ngold mineralization.\n\n\nThe Joint Venture has compiled and digitally acquired all relevant historical\nexploration data for the project and intends to shortly commence exploration\nwhich will focus on the quartz-pebble conglomerate target-horizon. An ultra-fine\nstream sediment survey is planned during April 2006, with any highlighted\nanomalous areas to be subjected to detailed follow-up surveys to generate\ndrill-targets.\n\n\n\nENDS\n\n\nFor further information contact:\n\n\nLance O'Neill, Chairman\nAlba Mineral Resources plc Tel: +44 (0)20 7499 8334\n\nWilson Robb, Exploration Director\nAlba Mineral Resources plc Tel: +353 (0)46 9059959\n\n\nJustine Howarth/ Victoria Thomas\nParkgreen Communications. Tel: +44 (0)20 7493 3713\n\nLiam Murray\nCity Financial Associates Tel: +44 (0)20 7090 7800\n\n\n\nNotes to Editors\n\n\nAlba Mineral Resources PLC is a junior explorer with a diversified commodity\nportfolio, primarily nickel, gold, copper, cobalt and platinum group metals,\nfocussed on the Appalachian-Caledonide trend, a zone extending from the eastern\nseaboard of North America to Scandinavia. Alba currently has interests in a\nnumber of well researched properties in Scotland and Ireland, owned in its own\nright or in conjunction with other parties.\n\n\n\nBackground\n\n\nThe Lough Gowna Block gold project consists of six contiguous exploration\nlicences totaling 222.50 square kilometres at the southwestern end of the Slieve\nGlah Shear Zone, on the south-western margins of the Longford-Down Inlier,\napproximately 20km north-east of Longford Town, Co. Longford.\n\nThe ...