20th Sep 2018 13:10
LONDON (Alliance News) - Alba Mineral Resources PLC on Thursday said the geochemical survey at its Clogau-St David's mine in north Wales is now complete.
Alba holds a 90% stake in the Clogau gold project as of August 24, in which both the St David's mine and near-mine extensions have been geochemically surveyed.
Samples have been collected and a geophysical survey has begun, the objective of which is to find new gold targets and evaluate exploration techniques relative to the highest priority targets.
"Once we have completed the current mine and near mine exploration programme, the intention is then to embark on a second phase exploration campaign later this year which will cover the highest priority regional gold targets identified within the entire 107 kilometre-square licence area," said Alba Executive Chairman George Frangeskides.
"All the while, we are continuing to progress baseline environmental studies at the mine, which are a key step in the permitting process for restarting production at the historic Clogau-St David's gold mine," Frangeskides added.
Shares in Alba Mineral were down 3.4% at 0.43 pence on Thursday.
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