Alba Mineral Resources Share Discussion Threads

[moneymunch] 19/9/2017 07:05

Alba Min Res PLC
Thule Black Sands Reconnaisance and Sampling
RNS Number : 0928R
Alba Mineral Resources PLC
19 September 2017


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Alba Mineral Resources plc

("Alba" or the "Company")



Thule Black Sands, North-West Greenland

Completion of Reconnaissance Exploration

and Sampling Programme



Alba Mineral Resources plc (AIM: ALBA) is pleased to announce that a reconnaissance exploration programme has been completed across the Company's recently granted, 100% owned Thule Black Sands licence in north-west Greenland. The 186 km2 licence MEL 2017/29 is primarily prospective for ilmenite-bearing heavy minerals sands.



Highlights:



· Completed field work confirms the presence of active beach environments with heavy mineral sands being actively deposited, along with raised beach terraces containing heavy mineral sand.

· 79 samples collected in total with most collected from active and raised beaches across a combined strike length of approximately 8.5 km.

· Two bulk samples collected, weighing approximately 50 kg each and representing an active beach and raised beach environment.

· Handheld XRF Niton analysis shows that samples host Titanium ("Ti") and Iron ("Fe") bearing mineral phases, being the primary constituents of ilmenite (FeTiO3).

· Detailed aerial photography completed over most of the licence area to enable geomorphological mapping and the creation of an accurate elevation model.



Alba's Executive Chairman, George Frangeskides, commented:

"We are very pleased to have completed this first field programme at our new, wholly-owned Thule Black Sands Project. A significant sampling exercise was undertaken on a portion of the licence and those samples together with the two bulk samples collected will now be sent to specialist laboratories for test work to be undertaken. These results, plus the detailed aerial photography taken over much of the licence area, will enable us to plan our next field season over the coming months."



"In short, our maiden field programme has met all of our objectives, most importantly providing confirmation that ilmenite is to be found over large areas within our Project."





Exploration Programme



The exploration programme completed included the collection of 79 hand auger sand samples from between 30 cm to 1 m in depth. Of the 79 samples collected, 68 were taken from active beaches and raised beach terraces within the licence area. Reconnaissance exploration confirmed the presence of active beach environments with heavy mineral sands being actively deposited, along with raised beach terraces containing heavy mineral sand. Numerous samples were panned to confirm the presence of heavy minerals and analysed by a handheld Niton XRF analyser. Most of the samples collected were shown to host Titanium and Iron-bearing mineral phases.



In addition to the exploration samples, two bulk samples were collected for initial metallurgical test work. Bulk sample number one was taken from an active beach environment and bulk sample number two was collected from a raised beach terrace.

All samples are currently being prepared for export to enable analysis for heavy mineral percentage, assemblage and quality determination.



The coastline within the licence area is approximately 28 km in length (in a straight line) with the samples collected during this field programme covering a combined strike length of approximately 8.5 km. Samples were collected from all three of the main stretches of coastline north-west and south-east of Booth Sund. The samples collected to the north-west of Booth Sund were completed on the final day of the field programme. Extensive terraces were observed in this area that were not sampled due to time constraints, however these will be revisited in the next field season.



Reconnaissance of other licence areas



The Alba field team also carried out reconnaissance exploration at the Company's other wholly-owned, albeit secondary, licence area located in the Thule Black Sands Province, MEL 2017/39 (licence grant announced on 4 September 2017). While significant areas of possible ilmenite-bearing mineral sand were not identified during the visits to this licence area, given that the areas are extensive and were only partially visited due to time constraints and the focus during this field programme on MEL 2017/29, the Company intends to carry out further reconnaissance on these areas during the next field season.



The Alba team also travelled to the Company's newly granted iron ore project, the Melville Bay Iron Ore Project (MEL 2017/41) and took samples from outcropping material. These samples will also be sent to accredited laboratories for assaying.



Due to time constraints, the Inglefield Land licence area (MEL 2017/40) was not visited during this field programme.





Alba field team



Alba contracted Baker Geological Services Ltd ("BGS") to undertake the sampling programme with Mr Howard Baker of BGS being a Competent Person for heavy mineral sands projects. Mr Baker previously worked for the mineral sands producer Iluka Resources in Australia and the International Mining Consultancy, SRK Consulting (UK) Ltd ("SRK") where he was employed for eight years as a Principal Consultant and Practice Leader. During his time with SRK, he frequently acted as Competent Person for heavy mineral sands projects, including projects in Mozambique, India and Australia. Mr Baker is also a Competent Person for iron ore projects and previously worked on the Melville Bay Project. Mr Baker was accompanied by Mr Oliver Jones of Impala Geomodelling, also a former employee of SRK.



As part of the field programme, Mr Baker and Mr Jones visited the laboratories of the Geological Survey of Denmark and Greenland ("GEUS"). GEUS have extensive knowledge of the Thule Black Sands Province and provided assistance to Alba on aspects of the field programme.









Recalculation of Licence Areas



The Company has been informed by the Mineral Licence and Safety Authority of Greenland ("MLSA") that the licence area sizes for Alba's recently granted exploration licences have been incorrectly calculated and should in fact read as follows: MEL 2017/29 - 186km² (previously 384km²), MEL 2017/39 - 104km² (previously 158km²), MEL 2017/40 - 82km² (previously 90km²) and MEL 2017/41 - 354km² (previously 370km²). There is no change to the actual extent of the licence areas as previously reported in our announcements of 1 August and 4 September 2017 and all licence co-ordinates remain the same.

[moneymunch] 18/9/2017 07:12

Lol more like 1p plus....Gla Holders.....Flow test data on Ukog's Broadford Bridge fast approaching.....transformational upside for Ukog on confirmation of free flowing commercial volumes....and significant upside for all Weald Players very likely. On and Up!!! ;-)

[backmarker] 18/9/2017 00:32

I feel sure that if UKOG goes to 15p then Alba will go to 0.5p

[25wbh] 17/9/2017 09:17

Again MM it could be furthered by positive press comment that will propel this further.IF UKOG reached the dizzy heights of say 50p the public always choose a share that still looks cheap and I think that will be the case with Alba, good luck mm your positive ,B

[25wbh] 17/9/2017 09:12

Think it is easy to get to 1p/1.25p on this within say 6 weeks not a long time to wait.Then it all depends on news from the Weald as whether it will rise further,B

[moneymunch] 17/9/2017 08:56

I can only see a fully funded Alba's share price heading in one direction from the 0.4p placing price with so much near term news expected across the Weald......Ukog is where it's at, and all eyes are on the next update from flow test operations at Broadford Bridge.....confirmation of free flowing commercial volumes will be transformational for Ukog, but little old Alba will do very well on the back it, and then news on Horse Hill and Brockham only weeks away in the pipeline, as well as any progress updates on Greenland's graphite and gold. Gl ....On and Up!!!;-)

[nicosevos] 15/9/2017 20:42

Brockham Oil Field FAQs

[dubjon] 15/9/2017 17:04

Filter fodder for sure.

2 year chart looks good. I see an inverse Head and Shoulders with a breakout at 0.4ish followed by a retest of the breakout going on now. If we can hold here, the outlook is rosy IMHO

Anyone agree?

[flashheart] 15/9/2017 14:54

Well he's not known as the biggest bell end on ADVFN for nothing.

[abeygale] 15/9/2017 14:52

Knowing the Hitman he will probably claim he had his fill for sub 0.4p.

[dreamtwister] 13/9/2017 15:36

google earth greenland and you will see the mine plus mineral sands are to be taken the main concern will be the shipping window.as the graphene tech is adopted by consumers the demand will outstrip supply lets not forget in the same location we have cobalt,so at present the mineral sands are being fast tracked to bring into production as in reflection so will cobalt as demand is out stripping supply for rare earth minerals in critical supply,alba play host as a miner or assset managerment or a t/o at a premium to your investment !

[25wbh] 13/9/2017 15:10

u can never tell, always a possibility ,B

[25wbh] 13/9/2017 15:10

u can never tell, always a possibility ,B

[flashheart] 13/9/2017 15:08

Maybe an arrangement with Bluejay in the future ???????

[25wbh] 13/9/2017 15:05

This is Alba,s greatest asset, if Alba properly exploits it, Blue jay its next door neighbour in Greenland has a much better coastline that makes marketing the Graphite easier but with the world crying out for this material the high quality of graphite available to Alba will be overcome with the right "!Farm in" partner.
Hopefully any oil revenues will be able the ease the exploration costs further

[dreamtwister] 13/9/2017 13:50

excellent link, for those that do not know what we have !

[nicosevos] 13/9/2017 13:26

Brockham production licence next....Council meeting October the 18th ?
Edit, and Gatwick.

[dreamtwister] 13/9/2017 13:15

i will take any shares at lower prices as my holding is longterm with graphite holding my interest and my reason for investment,i agree with thehitman1 this could fall as to flow tests @ brockam are to be confirmed and estimated in a circular of 14 wks so the share is in free float until further news from brockam/greenland

[blueblood] 13/9/2017 11:40

Stuck broken record I see minimum 0.6p by end of October

[thehitman1] 13/9/2017 11:39

I see 0.3 before any rises.

Good luck all

[25wbh] 13/9/2017 10:48

Graphen for lithium batteries is not as exciting as the prospects for Alba in the manufacture of Graphene from graphite. Most of the scientific work is done in Manchester

[dreamtwister] 13/9/2017 09:57

25wbh...... lithium is a by product of tin,canadian interest would not be here for the price of tin.....,lithium is the game.....,plus ive been following this for some time.......,yes it is a lithium play...... .atb

[nicosevos] 13/9/2017 08:47

08-Sep-17
16:21:29
0.4234
16,100,000
68.17k

[cudmore] 13/9/2017 08:39

Thought the 16m buy was on 11th??