International news within the industry of mining and metal, Jun, 26 2019
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Alba announces high gold-in soil grades from sampling campaign

Map: Alba Mineral Resources
Map: Alba Mineral Resources
Published by
Simon Matthis - 29 May 2019

Alba Mineral Resources announces average gold-in soil grades for new anomalies are well above grades for previously producing Clogau-St David's Mine. A second set of results from the 2019 soil sampling campaign has been undertaken within the Company's 107 km2 licence area in North Wales. 

Alba's Clogau Gold Project hosts the high-grade Clogau-St David's gold mine as well as the extensive regional target known as the Dolgellau Gold Belt. Results have been obtained from a further 243 samples from the recently completed 1,200 sample programme.

Gold-in-soil grades from two new anomalies away from the existing mine area and not associated with historic mine workings range in grade from 0.005 to 0.25 g/t Au (at a 0.005 g/t cut-off).

Previously reported anomalies have been extended in strike length based on the new results.

Average grades for the new anomalies are well above the average gold-in soil grades for Clogau-St David's and the other historic mine areas.

In total, results have now been received for 768 samples of the 1,200 sample programme, or 898 sampling results including the 2018 sampling programme. Gold mineralisation has now been confirmed across ~6 miles along the strike extent of the Dolgellau Gold Belt and from within multiple geological units.

The 1,200 sample programme has been completed and the field team has commenced Phase 2 of the programme involving infill and extension sampling.

Alba's Executive Chairman, George Frangeskides, commented:

"Our regional exploration of the Dolgellau Gold Belt continues to bear fruit.  We have now confirmed mineralisation across around six miles of the Gold Belt, and in total have identified seven new mineralised zones which are not associated with historic mine workings.  The fact that the average grades for those zones exceeds the equivalent grades obtained over the Clogau-St David' s mine itself is genuinely exciting."