Business
Project and Investment Update
Project and Investment Update.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n \nRNS Number : 5417C Alba Mineral Resources PLC 18 June 2019 \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/5417C_1-2019-6-17.pdf\n \nAlba Mineral Resources plc\n(\"Alba\" or the \"Company\")\n \nProject and Investment Update\n \nAlba Mineral Resources plc (AIM: ALBA) Alba (AIM: ALBA), the diversified mineral exploration and development company, is pleased to report on developments in respect of the Company's Clogau Gold Project in North Wales, Thule Black Sands Project in Greenland and Limerick Project in Ireland, as well as in respect of the Company's investment in the Horse Hill Oil Project.\n \nHighlights\n \nClogau Gold\n· Results have been obtained from a further 463 samples from the recently completed 1,200 soil sample programme. \n \n· The full sampling programme has identified nine new anomalies that are not associated with any significant historic mining.\n \n· Weighted average grades for all the new anomalies are well above the average gold-in soil grades for Clogau-St David's and the other historic mine areas.\n \n· The latest results show extensions to the previous gold-in-soil grade anomalies and new anomalies have been identified to the west of the sampled areas. \n \n· Gold mineralisation has now been confirmed across ~6 miles along the strike extent of the Dolgellau Gold Belt and from within multiple geological units.\n \n· A further 600-sample infill and extension programme is currently underway.\n \nThule Black Sands (\"TBS\")\n· Latest test work confirms that contained ilmenite within the heavy mineral concentrate ranges in TiO2 content from 45.8% to 47.6% with very low contaminant levels. \n \n· Confirmation that the purity of TBS ilmenite is extremely consistent across the drilled portion of the project.\n \nLimerick\n· Short drilling programme successfully completed, with analysis of drill core ongoing.\n \nHorse Hill\n· Alba has decided not to contribute to the most...