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Thule Black Sands Update - Exploration Target
Thule Black Sands Update - Exploration Target.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9470A\n Alba Mineral Resources PLC\n 07 June 2021\n \n \n \n \n Click on or paste the following link into your website browser to view the associated PDF document (including maps and images): \n http://www.rns-pdf.londonstockexchange.com/rns/9470A_1-2021-6-4.pdf\n \n \n \n \n \n Alba Mineral Resources plc\n \n \n (\"Alba\" or the \"Company\")\n \n \n \n \n \n Thule Black Sands Update\n \n \n Declaration of Exploration Target\n \n \n \n \n \n Alba Mineral Resources plc (AIM: ALBA) is pleased to announce that, following a detailed independent assessment of the Thule Black Sands Ilmenite Project in northern Greenland, the Company has declared a significant Exploration Target for the Project. \n \n \n \n \n \n Key Points\n \n \n \n \n \n · \n As independent Exploration Target has been declared for TBS of 70-300Mt at a grade of 35-50% THM with an in situ ilmenite grade of 6-11%\n \n \n \n \n \n · \n This would represent, at the lower end of the range, an almost three times increase in the current figures for contained ilmenite \n \n \n \n \n \n · \n This Exploration Target is due to be tested in a forthcoming drilling programme \n \n \n \n \n \n Details\n \n \n \n \n \n Alba commissioned Dr John Arthur (CGeol FGS) to prepare an Exploration Target for the Thule Black Sands Ilmenite Project (\"TBS\" or the \"Project\") in northern Greenland. Dr Arthur is a Chartered Geologist and qualifies as a Competent Person/Qualified Person (as defined by CRIRSCO and the majority of National Reporting Organisations). \n \n \n \n \n \n Dr Arthur is very familiar with the Project, as he participated in the 2018 field season at TBS, spending several weeks on site logging and sampling the drill core as well as mapping the area.\n \n \n \n \n \n Following a detailed assessment of all pertinent data sets for TBS, Dr Arthur has concluded that the exploration target for the combined North, Central and South areas at TBS ranges from 70 million tonnes to 300 million tonnes of material with a range of percentage of total heavy minerals (THM%) of 35-50%, a range of ilmenite grade (as a percentage of THM) of 12-22% and a range of in-situ ilmenite grade of 6-11%.\n \n \n \n \n \n In accordance with the JORC Code...