Alba Mineral Resources resumes activity at Clogau-St David

Francesca Morgan
RNS Newswire
10:20, 13th October 2020

Alba Mineral Resources (AIM: ALBA FOLLOW) has resumed its underground exploration programme at the Clogau-St David's Gold Mine in Wales.   

Alba, which has already drilled four holes for a total depth of 252m as part of its drilling and bulk sampling programme, will address the remainder of its underground targets. 

While the programme will initially focus on underground drilling, the Company said it also intends to resume its underground bulk sampling programme at some point this month. 

Alba’s specialist confined space contractors have commenced rehabilitation of the extensive pipework in the Llechfraith adit area to provide pressurised air for drilling and future work. 

Shares in Alba Mineral Resources have climbed more than 7x from lows of 0.07p in August 2020 to open 1.02% higher at 0.495p this morning following the announcement.  

ALBA price chart

The mineral exploration and development firm also recently obtained a permitting extension which will enable the company to continue underground drilling until the end of October. 

An extension should enable Alba to swing directly into the first phase of its surface drilling programme, the notification for which has been submitted to the local planning authority. 

This includes up to 1,500m of diamond drilling during the first phase of the planned 5,000m surface drilling programme, targeting a start date in the first half of November 2020. 

In addition, and as previously referred to in an announcement back in July 2020, the Company will be establishing its own pilot processing plant at or close to the mine site. 

Alba has placed an order with Appropriate Process Technologies, a mining equipment manufacturer in South Africa for the remaining capital items required for the pilot. 

The group said it expects the pilot plant to be fully operational sometime in Q4 2020. 

Follow News & Updates from Alba Mineral Resources here: FOLLOW

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