352: George Frangeskides of Alba Mineral Resources explains the development plans at the Clogau-St David's Gold Mine

The Vox Markets Podcast

George Frangeskides of Alba Mineral Resources #ALBA explains the development plans at the Clogau-St David's Gold Mine after Phase 2 drilling highlighted additional structural features that had historically been overlooked.

New Branch Lode Discovery

Since the completion of Phase 2 Surface Drilling, the geological model of the Clogau-St David's Mine has evolved to highlight additional structural features that had historically been overlooked. Once Phase 2 collars had been accurately surveyed, this data was inputted into the model and it became apparent that the Lode structure intercepted in the Phase 2 surface holes was not in fact the same vein as was mined in the Jack Williams Stope.

Key Points

- 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.

- Modelling of the Phase 2 Surface and Underground drilling results has resulted in a reassessment of the extension of the Main Lode system, including the identification of a historically overlooked Lode termed the New Branch Lode.

- Further digitisation of historical mine plans has identified workings above the Tyn y Cornel Level that can give direct access onto the New Branch Lode and the 7-10 Lode high within the critical Clogau Shales package.

- In respect of the Company's dewatering application for the Llechfraith Shaft, Natural Resources Wales ("NRW") are in the process of undertaking a Habitat Regulations Assessment ("HRA"). The completion of an HRA will facilitate Alba's mine development plans going forward.

About Alba Mineral Resources

The Alba Group’s mineral exploration portfolio is comprised of gold, graphite, ilmenite, base metal and iron ore projects in a cluster of countries in northern Europe (the United Kingdom, Greenland and Ireland). Our focus is on unearthing hidden value from previously drilled or mined projects.