Alba Mineral Resources PLC Clogau Gold Mine Operational Update (5766E)
October 31 2022 - 3:00AM
UK Regulatory
TIDMALBA
RNS Number : 5766E
Alba Mineral Resources PLC
31 October 2022
Alba Mineral Resources plc
("Alba" or the "Company")
Clogau Gold Mine Operational Update
Alba Mineral Resources plc (AIM: ALBA) is pleased to confirm, in
respect of its 100 per cent owned Clogau-St David's Gold Project
("Clogau" or the "Project"), the submission of renewed permit
applications to dewater the Llechfraith Shaft and associated
workings.
Situated within the Dolgellau Gold Field in north Wales, United
Kingdom, the Project comprises the Clogau Gold Mine (the "Mine"),
where Alba has identified a number of high priority gold targets
through extensive exploratory drilling in 2020-21, as well as a
large number of gold targets and former gold workings outside of
the footprint of the Mine, within a total licence area of 106.94 km
(2) .
Details
The Company's primary target within the Mine is the projected
Llechfraith Shaft lode extension in the Lower Llechfraith workings,
situated below the Llechfraith Adit level. This target was
identified through Alba's surface drilling campaigns in 2020 and
2021, by which Alba was able to confirm vein (or lode) continuity
up to 122 m below the existing Lower Llechfraith workings (Fig. 1).
In order to gain access to that target, the Company must first
dewater the flooded Llechfraith Shaft (Fig. 2).
Following the refusal by the competent regulator, Natural
Resources Wales ("NRW"), in November 2021 to grant the Company's
application to dewater the Llechfraith Shaft, in March 2022 Alba
submitted additional data and analysis to the regulator and,
following the receipt of further feedback, proceeded to implement
an extension to the Company's programme of ecological and species
surveys in order to expand the ecological dataset generated during
the past 3-4 years.
Following the completion of those surveys, analysis of the
survey results and their integration into the Company's overall
dataset, Alba is pleased to report that it has now submitted to NRW
an updated version of its previous, extensive "Report to Inform a
Habitat Regulations Assessment", together with renewed applications
for a water discharge permit and a European Protected Species
licence in respect of the proposed dewatering exercise and
subsequent safety and exploratory works.
The Company was also pleased to host recently a site visit at
Clogau for senior NRW personnel.
Further material updates in respect of the permitting process
will be provided as and when they become available.
Figure 1: Llechfraith 3D geological model, integrating all
surface drilling programmes completed by Alba to date, showing the
projected Llechfraith Shaft lode extension some 122m below the
flooded workings.
Figure 2: Cross-section of Lower Llechfraith area showing
flooded Llechfraith Shaft ("Main Shaft") and its associated
workings.
Also shown is the location of proposed pumps and pipelines to
draw water up to Mine Yard for treatment via sediment settlement
tanks prior to discharge.
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation and the Directors of the Company
are responsible for the release of this announcement.
**ENDS**
For further information, please visit
www.albamineralresources.com or contact:
Alba Mineral Resources plc
George Frangeskides, Executive Chairman +44 20 3950 0725
SPARK Advisory Partners Limited (Nomad)
Andrew Emmott +44 20 3368 3555
OvalX (Broker)
Thomas Smith +44 20 7392 1494
St Brides Partners (Financial PR)
Isabel de Salis / Catherine Leftley alba@stbridespartners.co.uk
Alba's Projects and Investments
Mining Projects Operated Location Ownership
by Alba
Clogau (gold) Wales 100%
----------- ----------
Dolgellau Gold Exploration
(gold) Wales 100%
----------- ----------
Gwynfynydd (gold) Wales 100%
----------- ----------
Limerick (zinc-lead) Ireland 100%
----------- ----------
Investments Held by Alba Location Ownership
----------- ----------
GreenRoc Mining Plc (mining) Greenland 54%
----------- ----------
Horse Hill (oil) England 11.765%
----------- ----------
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