TIDMALBA
RNS Number : 5734T
Alba Mineral Resources PLC
21 March 2019
Alba Mineral Resources plc
("Alba" or the "Company")
Assay Results at Thule Black Sands, Greenland,
Confirms High Heavy Mineral Content
Alba Mineral Resources plc (AIM: ALBA) is pleased to announce
testwork results from the maiden 2018 drilling campaign across the
Company's 100% owned Thule Black Sands Project ("TBS") in
north-west Greenland.
Highlights:
-- Assay results confirm a weighted average Total Heavy Mineral ("THM") content of 45.4%
-- All samples taken were ilmenite-bearing, confirming a
combined mineralised strike length of approximately 10 km
Alba's Executive Chairman, George Frangeskides, commented:
"These testwork results from TBS, conducted in respect of mainly
drill samples taken over the full length of our 10km of mineralised
coastline, are very much in line with and reinforce the excellent
THM grades achieved in our 2017 testwork."
"These results, achieved in our first full field season at TBS,
give us great confidence as we move forward with our plans this
year. Further testwork and independent resource estimation work are
being undertaken, and we will announce the results of those further
analyses as and when they become available."
Heavy Liquid Separation Sample Results
The samples taken from the drilling programme completed in the
2018 field season were dispatched to an independent, accredited
laboratory in Canada.
Screening of oversize (+2mm) and clays (<53um) was undertaken
followed by heavy liquid separation of the sand fraction using a
heavy liquid with a specific gravity of 2.93g/cm(3) .
Table 1 (included in the appendix to this release) shows the
results of the screening and heavy liquid separation. Table 2
(included in the appendix to this release) shows that the weighted
average grades from samples collected equates to 21.0% Oversize
(+2mm), 6.3% Clays (-53um) and 45.4% THM (-2mm to +53 um).
The further testwork being undertaken will determine the
mineralogical assemblage of the THM including the in-situ ilmenite
grade. The weighted average THM% of 45.4% from the 2018 drilling
programme compares well with the weighted average THM% of 46.7%
from the 2017 sampling programme, which involved a far shorter
field campaign and the taking of fewer samples.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Competent Person Declaration
The information in this release that relates to Exploration
Results has been reviewed by Mr Howard Baker, Technical Director of
Alba Mineral Resources Plc. Mr Baker is a Chartered Professional
Fellow of the Australasian Institute of Mining and Metallurgy
(Membership Number 224239) and a Competent Person as defined by the
rules of International Reporting Codes that are aligned with
CRIRSCO.
Howard Baker has sufficient experience that is relevant to the
style of mineralisation and type of deposit under consideration and
to the activity being undertaken to qualify as a Competent Person
as defined in the 2012 Edition of the 'Australasian Code for
Reporting of Exploration targets, Exploration Results, Mineral
Resources and Ore Reserves', also known as the JORC Code. The JORC
code is a national reporting organisation that is aligned with
CRIRSCO. Howard Baker consents to the inclusion in the announcement
of the matters based on his information in the form and context in
which they appear.
For further information please contact:
Alba Mineral Resources plc
George Frangeskides, Executive Chairman +44 20 7264 4366
Cairn Financial Advisers LLP (Nomad)
James Caithie / Liam Murray +44 20 7213 0880
First Equity Limited (Broker)
Jason Robertson +44 20 7374 2212
Yellow Jersey PR (Financial PR/ IR)
Tim Thompson / Harriet Jackson/ Henry Wilkinson +44 77 1071 8649
alba@yellowjerseypr.com
Alba's Project & Investment Portfolio
Mining
Amitsoq (Graphite, Greenland): Alba owns a 90 per cent interest
in the Amitsoq Graphite Project in Southern Greenland and has an
option over the remaining 10 per cent.
Clogau (Gold, Wales): Alba owns a 90 per cent interest in Gold
Mines of Wales Limited ("GMOW"), the ultimate owner of the Clogau
Gold project situated in the Dolgellau Gold Belt in Wales.
Inglefield Land (Copper, Cobalt, Gold): Alba owns 100 per cent
of mineral exploration licence ("MEL") 2017/40 and MEL 2018/25 in
north-west Greenland.
Limerick (Base Metals, Ireland): Alba owns 100 per cent of the
Limerick base metal project in the Republic of Ireland.
Melville Bay (Iron Ore, Greenland): Alba is entitled to a 51 per
cent interest in MEL 2017/41 in Melville Bay, north-west Greenland.
The licence area benefits from an existing inferred JORC resource
of 67 Mt @ 31.4% Fe.
Thule Black Sands (Ilmenite, Greenland): Alba owns 100 per cent
of MEL 2017/29 in the Thule region, north-west Greenland.
Oil & Gas
Brockham (Oil & Gas, UK): Alba has a direct 5 per cent
interest in Production Licence 235, which comprises the previously
producing onshore Brockham Oil Field.
Horse Hill (Oil & Gas, UK): Alba holds an 11.765 per cent
effective interest in the Horse Hill oil and gas project (licences
PEDL 137 and PEDL 246 covering a total area of 142.9 km(2)) in the
UK Weald Basin.
Web: www.albamineralresources.com
Appendix
Table 1: Thule 1 SGS heavy Liquid Separation Results
Sample No. THM (%) OS >2mm (%) Clay <53um
(%)
301 37.2 30.7 7.3
-------- ------------ -----------
302 51.5 14.2 7.0
-------- ------------ -----------
305 60.2 7.6 5.7
-------- ------------ -----------
306 51.8 9.6 14.3
-------- ------------ -----------
307 15.5 39.9 9.4
-------- ------------ -----------
308 23.7 24.8 12.5
-------- ------------ -----------
309 61.0 8.8 4.7
-------- ------------ -----------
310 57.6 6.4 6.3
-------- ------------ -----------
311 35.4 28.9 8.8
-------- ------------ -----------
312 46.9 15.0 7.9
-------- ------------ -----------
313 44.0 25.8 2.6
-------- ------------ -----------
314 53.5 9.4 2.3
-------- ------------ -----------
315 57.1 6.6 1.6
-------- ------------ -----------
316 50.0 13.0 3.5
-------- ------------ -----------
317 52.0 8.3 3.1
-------- ------------ -----------
318 54.2 3.2 6.2
-------- ------------ -----------
319 46.4 10.1 8.6
-------- ------------ -----------
320 63.7 6.6 2.5
-------- ------------ -----------
321 34.0 34.4 6.8
-------- ------------ -----------
322 57.9 5.4 9.4
-------- ------------ -----------
323 45.0 13.0 13.7
-------- ------------ -----------
324 46.5 21.5 2.8
-------- ------------ -----------
325 44.5 26.6 5.9
-------- ------------ -----------
328 46.9 15.6 3.7
-------- ------------ -----------
329 52.9 16.3 3.3
-------- ------------ -----------
330 41.9 28.4 5.7
-------- ------------ -----------
332 25.7 29.4 9.0
-------- ------------ -----------
333 43.4 28.7 4.0
-------- ------------ -----------
334 49.9 13.9 6.7
-------- ------------ -----------
335 38.0 29.0 4.2
-------- ------------ -----------
336 43.3 21.0 9.0
-------- ------------ -----------
337 42.8 25.1 4.5
-------- ------------ -----------
338 47.4 23.8 5.6
-------- ------------ -----------
339 36.6 31.0 6.7
-------- ------------ -----------
341 42.6 18.2 1.9
-------- ------------ -----------
342 55.3 16.4 2.8
-------- ------------ -----------
343 52.8 23.5 2.3
-------- ------------ -----------
344 55.0 17.0 4.3
-------- ------------ -----------
345 37.5 34.9 4.6
-------- ------------ -----------
346 33.6 34.3 5.4
-------- ------------ -----------
347 57.3 14.7 2.5
-------- ------------ -----------
350 61.2 14.7 3.1
-------- ------------ -----------
351 48.5 23.3 4.4
-------- ------------ -----------
352 47.8 22.6 8.5
-------- ------------ -----------
353 51.3 12.6 8.0
-------- ------------ -----------
354 50.6 17.8 7.3
-------- ------------ -----------
355 45.1 25.8 9.2
-------- ------------ -----------
356 44.4 21.7 9.6
-------- ------------ -----------
357 34.4 34.1 9.6
-------- ------------ -----------
358 44.0 26.6 9.6
-------- ------------ -----------
359 52.7 7.3 11.2
-------- ------------ -----------
360 32.2 33.3 6.6
-------- ------------ -----------
361 38.8 30.6 5.1
-------- ------------ -----------
362 62.9 2.3 10.0
-------- ------------ -----------
363 53.1 13.5 7.2
-------- ------------ -----------
364 31.3 37.1 3.6
-------- ------------ -----------
365 40.7 26.6 3.7
-------- ------------ -----------
366 43.1 16.3 4.6
-------- ------------ -----------
367 49.7 20.6 3.0
-------- ------------ -----------
368 25.2 38.7 2.9
-------- ------------ -----------
369 31.5 42.4 2.8
-------- ------------ -----------
370 43.1 23.3 4.6
-------- ------------ -----------
371 16.6 66.7 2.5
-------- ------------ -----------
372 48.3 16.3 5.2
-------- ------------ -----------
373 28.3 28.0 13.2
-------- ------------ -----------
374 45.8 20.3 6.4
-------- ------------ -----------
375 44.6 10.3 4.7
-------- ------------ -----------
378 46.0 13.7 2.8
-------- ------------ -----------
379 36.9 21.7 2.5
-------- ------------ -----------
380 37.2 26.6 3.9
-------- ------------ -----------
381 33.0 39.0 3.7
-------- ------------ -----------
382 27.3 38.0 4.2
-------- ------------ -----------
383 52.1 16.4 4.2
-------- ------------ -----------
384 41.9 16.5 0.8
-------- ------------ -----------
385 36.1 41.8 2.1
-------- ------------ -----------
386 51.2 18.9 1.8
-------- ------------ -----------
388 37.0 28.1 9.0
-------- ------------ -----------
389 39.2 8.4 9.0
-------- ------------ -----------
390 38.1 21.1 7.6
-------- ------------ -----------
391 34.7 20.4 5.6
-------- ------------ -----------
392 92.2 0.2 0.1
-------- ------------ -----------
393 40.0 5.5 4.6
-------- ------------ -----------
394 42.8 26.0 5.4
-------- ------------ -----------
395 28.6 15.1 10.7
-------- ------------ -----------
396 36.2 3.3 2.5
-------- ------------ -----------
397 79.8 3.5 0.5
-------- ------------ -----------
398 33.6 39.1 8.0
-------- ------------ -----------
399 45.5 29.0 3.6
-------- ------------ -----------
400 54.0 12.5 3.8
-------- ------------ -----------
802 45.6 20.3 6.6
-------- ------------ -----------
807 46.3 29.8 5.5
-------- ------------ -----------
810 48.9 12.7 18.2
-------- ------------ -----------
811 62.4 14.1 3.0
-------- ------------ -----------
814 57.3 10.1 6.6
-------- ------------ -----------
817 24.6 43.2 12.0
-------- ------------ -----------
818 50.3 16.9 9.3
-------- ------------ -----------
825 53.5 16.1 11.5
-------- ------------ -----------
827 61.0 6.6 10.1
-------- ------------ -----------
829 63.5 8.8 12.2
-------- ------------ -----------
831 46.4 23.1 7.1
-------- ------------ -----------
834 21.5 54.0 8.5
-------- ------------ -----------
835 31.1 36.5 15.5
-------- ------------ -----------
844 56.1 7.7 11.7
-------- ------------ -----------
846 51.0 19.7 5.2
-------- ------------ -----------
851 21.2 31.2 6.3
-------- ------------ -----------
853 23.1 47.5 10.8
-------- ------------ -----------
854 41.8 11.5 3.0
-------- ------------ -----------
855 17.6 44.8 9.2
-------- ------------ -----------
861 35.4 20.8 8.5
-------- ------------ -----------
862 38.4 27.0 10.6
-------- ------------ -----------
864 47.0 14.1 9.1
-------- ------------ -----------
865 32.1 34.5 7.5
-------- ------------ -----------
867 52.7 16.4 6.6
-------- ------------ -----------
869 49.8 22.0 4.6
-------- ------------ -----------
870 50.6 21.7 5.3
-------- ------------ -----------
871 42.4 18.6 5.2
-------- ------------ -----------
872 39.4 16.9 11.2
-------- ------------ -----------
873 25.5 50.7 1.4
-------- ------------ -----------
874 37.4 32.3 5.3
-------- ------------ -----------
875 35.0 40.7 4.3
-------- ------------ -----------
876 51.5 17.3 4.2
-------- ------------ -----------
877 64.1 3.3 6.0
-------- ------------ -----------
878 32.2 32.8 9.6
-------- ------------ -----------
879 38.2 30.1 4.3
-------- ------------ -----------
880 40.6 21.2 6.7
-------- ------------ -----------
881 25.6 40.1 5.0
-------- ------------ -----------
884 9.3 67.3 11.3
-------- ------------ -----------
885 49.3 26.0 6.4
-------- ------------ -----------
886 25.7 45.8 4.1
-------- ------------ -----------
887 51.2 5.2 8.4
-------- ------------ -----------
889 44.5 32.9 4.2
-------- ------------ -----------
890 59.2 16.5 3.6
-------- ------------ -----------
891 46.6 21.2 7.9
-------- ------------ -----------
895 19.4 53.5 4.6
-------- ------------ -----------
896 47.4 30.9 4.5
-------- ------------ -----------
899 45.3 22.1 5.8
-------- ------------ -----------
900 49.5 20.3 5.5
-------- ------------ -----------
908 64.3 1.3 4.7
-------- ------------ -----------
909 31.1 30.5 3.1
-------- ------------ -----------
910 24.9 37.1 5.8
-------- ------------ -----------
911 61.2 1.2 5.5
-------- ------------ -----------
912 63.5 3.0 3.4
-------- ------------ -----------
913 31.9 45.9 3.4
-------- ------------ -----------
914 65.7 1.8 4.7
-------- ------------ -----------
915 63.1 6.2 4.9
-------- ------------ -----------
916 64.8 4.8 1.8
-------- ------------ -----------
917 52.6 16.2 3.2
-------- ------------ -----------
918 52.9 7.7 3.1
-------- ------------ -----------
957 62.2 6.8 9.8
-------- ------------ -----------
962 53.2 16.9 7.2
-------- ------------ -----------
963 65.7 3.1 6.6
-------- ------------ -----------
964 21.6 32.9 9.0
-------- ------------ -----------
965 35.8 31.8 8.6
-------- ------------ -----------
966 57.4 6.2 10.0
-------- ------------ -----------
967 47.6 29.4 5.5
-------- ------------ -----------
968 58.6 7.1 7.3
-------- ------------ -----------
969 53.6 11.6 13.6
-------- ------------ -----------
972 60.4 2.9 9.6
-------- ------------ -----------
973 57.3 12.1 6.6
-------- ------------ -----------
974 64.9 4.6 8.8
-------- ------------ -----------
975 50.6 10.8 7.0
-------- ------------ -----------
976 53.1 11.3 4.8
-------- ------------ -----------
977 55.6 18.7 10.6
-------- ------------ -----------
978 24.0 43.0 6.2
-------- ------------ -----------
979 26.0 17.0 10.6
-------- ------------ -----------
980 56.6 2.6 11.1
-------- ------------ -----------
981 51.2 14.2 8.6
-------- ------------ -----------
982 59.6 9.9 6.1
-------- ------------ -----------
983 44.1 26.8 9.2
-------- ------------ -----------
984 57.1 17.6 5.4
-------- ------------ -----------
1101 51.3 18.7 6.0
-------- ------------ -----------
1102 50.8 13.3 5.5
-------- ------------ -----------
1103 53.6 11.7 8.9
-------- ------------ -----------
1104 51.8 13.4 7.8
-------- ------------ -----------
1105 52.9 14.0 6.3
-------- ------------ -----------
1108 60.2 13.3 7.2
-------- ------------ -----------
1109 60.2 12.3 6.9
-------- ------------ -----------
1110 49.0 15.7 8.8
-------- ------------ -----------
1111 44.5 20.9 5.9
-------- ------------ -----------
1112 59.4 5.9 3.1
-------- ------------ -----------
1113 69.6 5.3 8.1
-------- ------------ -----------
1114 48.8 13.6 5.3
-------- ------------ -----------
1115 60.9 9.6 6.4
-------- ------------ -----------
1116 23.5 36.8 7.1
-------- ------------ -----------
1119 44.5 19.6 5.4
-------- ------------ -----------
1120 35.9 32.9 6.7
-------- ------------ -----------
1121 43.2 20.3 2.0
-------- ------------ -----------
Table 2: Weighted Average Results
THM (%) OS >2mm (%) Clay <53um (%)
45.4 21.0 6.3
------------ ---------------
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