22nd Sep 2021 21:14
Alba Mineral Resources PLC - exploration company with assets in Greenland, Ireland and the UK - "Pushing forward" with development plans at the Clogau-St David's gold mine. Notes mine plan under development for the extension of underground workings to key production targets - Llechfraith Payshoot and Jack Williams, New Branch, 7-10 and Grandfathers Lodes.
"An up-to-date mine plan is coming together, pulling together the key development zones we have identified in our drilling and other work activities. For instance, the Phase 2 surface drilling completed in July has enabled us to determine that a new branch of the quartz vein system exists between the Jack Williams and 7-10 Lodes, forming a key part of the Main Lode System Extension," Chief Operating Officer Mark Austin says.
Adds: "One of the keys for old mines like Clogau is to establish efficient ways to access the new development zones we discover through our drilling and other exploratory work. The New Branch Lode gives us exactly that opportunity, not least as it has also helped to open up a further new development zone on the Cornel-2 level. Subject to completing some relatively straightforward safety works, our team will be able to access the Cornel-2 level and gain in situ exposure to the New Branch Lode (involving about 35 metres of workings) and the Jack Williams Lode. It also means we can access the 7-10 Lode high within the critical Clogau Shales package."
Current stock price: 0.24 pence
Year-to-date change: down 57%
By Paul McGowan; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserve.
Related Shares:
Alba Mineral Resources