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IN BRIEF: Alba Mineral Resources Announces Gold Concentrate Production

8th Jan 2021 13:49

Alba Mineral Resources PLC - mineral exploration and development company with assets in Greenland and the UK - Confirms production of 21 grammes per tonne gold concentrate at the Clogau-St David's gold mine in Wales after restarting surface drilling. Has sent the bulk sample that produced the gold concentrate to be processed at its pilot processing plant, which will continue throughout the first quarter of 2021.

"Surface drilling has restarted after the Christmas break. While drill hole LL004 encountered difficult ground, this is part and parcel of exploration drilling. As announced on December 21, we now move onto the planned deeper holes, LL005 and LL006, to test the depth extent of the new vein system which we believe we have identified in holes LL001-003, each of which intersected significant quartz veins some 30 metres below the deepest previously worked zone at the Llechfraith mine area," says Executive Chair George Frangeskides.

Current stock price: 0.46 pence

Year-to-date change: down 16%

By Zoe Wickens; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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