Alba Mineral Resources Share Discussion Threads

[zxie] 10/9/2020 12:30

Keep 5.6% today looking good

[graylyn1] 10/9/2020 11:35

The first samples are being sent down south I wonder if we could see those results first? Or maybe they will realise them all together, wishing time away now LOL

[zxie] 10/9/2020 11:20

Gold The report will take two weeks time.

[the stigologist] 10/9/2020 10:12

This clip has been improved, music turned down.

[the stigologist] 10/9/2020 10:11

Any retrace looks over

[graylyn1] 10/9/2020 10:08

This clip has been improved, music turned down.

[garykc] 10/9/2020 08:36

Another 2.4m for me this morning.

[zxie] 10/9/2020 08:33

More buy in

[graylyn1] 09/9/2020 16:17

I would expect 0.4 quite easy, after that I think we will need updates to move further imo

[paddyfool] 09/9/2020 15:51

I think the warrant sales are now cleared I think. So we should see this rise from here.

[lhoskins] 09/9/2020 13:09

The Royals love Welsh gold and so do the celebs. It comes at a premium and sells for a higher price than spot gold. It is in demand but there is a shortage of supply. I think we might have hit the jackpot here.

[25wbh] 09/9/2020 12:03

Posted on LSE by kimoldfield

[graylyn1] 09/9/2020 10:18

With all the recent cash injections ALBA should now be in a strong cash position.if the drill bit hits the right spot this will fly. If you look at all the projects we have and let's assume shares in issue reaches 6billion at some point, the share price of 1p would give a mkt cap of just £60m food for thought!

[the stigologist] 09/9/2020 09:33

This is worth a close read, some may not have read it......



A few of interesting points.

Surface trenching of the Dolgellau Gold Belt (“DGB”)

Other activities currently under investigation by the
Company include the sampling of the historical
waste dump at Clogau and the dewatering of the Lower Llechfraith mine area, which was the area targeted by the Company’s short drilling
programme in late 2019. The Llechfraith mine area (Figure 5, right) has been identified as the one of the best targets within the existing mine workings.
Alba’s drilling has confirmed
that the known goldbearing geological setting
continues below the deepest workings at Level 4.

Only the higher workings at Llechfraith are currently accessible, the levels below Level 2 being
flooded. Dewatering the main Llechfraith shaft would enable the Company to access areas
where visible gold has been mapped. Ongoing geochemical monitoring of the water within and adjacent to the workings has so far indicated that the underground water is benign and that any contaminants are within acceptable levels.

[paddyfool] 08/9/2020 23:38

once the warrant sale is cleared this will move forward again

[graylyn1] 08/9/2020 19:38

This is worth a close read, some may not have read it......



A few of interesting points.


Surface trenching of the Dolgellau Gold Belt (“DGB”)
As regards the Company’s
regional exploration of the DGB,
as previously reported Alba’s 2019
regional geochemical soil
sampling programme resulted in
10 significant anomalies being
identified away from all known
major mines and gold
mineralisation being confirmed
over about a six-mile section of
the DGB (see Figure 4, ri

Other activities currently
under investigation by the
Company include the
sampling of the historical
waste dump at Clogau and
the dewatering of the Lower
Llechfraith mine area, which
was the area targeted by
the Company’s short drilling
programme in late 2019.
The Llechfraith mine area
(Figure 5, right) has been
identified as the one of the
best targets within the
existing mine workings.
Alba’s drilling has confirmed
that the known goldbearing geological setting
continues below the
deepest workings at Level
4.

Processing of Bulk Samples
As the gold within the Clogau Gold Mine is “free gold”, meaning that the majority of the
gold is not bound up with other minerals within the quartz veining, it only requires
simple processing to liberate the gold, involving crushing and screening followed by
gravity recovery.
Alba intends to process the first bulk sample of around 3-5 tonnes of material at a thirdparty mineral processing facility in the UK.
In the longer-term, however, the Company intends to establish its own pilot processing
facility either at the mine site or close to it, capable of supporting a 3 tonne per hour
operation. The Company has obtained firm quotes for the capital items required to
establish the pilot plant, and a suitable site has been identified. The Company intends
the plant to be operational by early Q4 2020, subject to the timely receipt of regulatory
approvals and no delays being encountered in the shipment of those items of plant
which are being sourced from overseas

Only the higher workings at Llechfraith are currently accessible, the levels below Level 2 being
flooded. Dewatering the main Llechfraith shaft would enable the Company to access areas
where visible gold has been mapped. Ongoing geochemical monitoring of the water within and
adjacent to the workings has so far indicated that the underground water is benign and that
any contaminants are within acceptable levels.


To me this all says that the company expects to find a viable amount of gold, when the mine was last closed it was mainly because the price of gold was just $300 per oz and not viable, well now as we know gold is close again to $2,000 per oz.

[graylyn1] 08/9/2020 18:29

LINKS FOR ITEMS BELOW CAN BE FOUND ON THEIR WEBSITE

We have released a short video showing the start of our underground drilling and bulk sampling programme at our Clogau-St David’s Gold Mine in North Wales.
You can find it on our website here, or on our YouTube Channel here.

It’s also available on our Twitter page where we regularly tweet about our projects and other developments in the resources sector. Follow @AlbaMinerals

And you can also follow all our news at VoxMarkets here.

Other recent news:

We released an Operational Update which included news of the commencement of the underground drilling and bulk sampling programme at the Clogau-St David's Gold Mine.
Read the RNS here.
-----------------
Alba's recent webinar to investors is available to view here.
Thanks to all of you who joined the live event.
-----------------
Listen to last week's Vox Markets podcast interview with Alba's Executive Chairman here.

www.albamineralresources.com

[zxie] 08/9/2020 17:12

Wow Big buy

[theaviator] 08/9/2020 16:09

Sorry wrong share chaps.

[theaviator] 08/9/2020 16:09

Am getting close eh

[graylyn1] 08/9/2020 15:56

needed a correction, thats all. nothing goes up in a straight line.

[uknighted] 08/9/2020 15:50

Left the harbour and sinking fast!

[graylyn1] 08/9/2020 15:38

I wonder if we will start to get more press coverage now the ships left the harbour:-

[graylyn1] 08/9/2020 15:36

all looking very good so far.

[garykc] 08/9/2020 15:25

Suppose was as a best time as possible to maximise cash into the business.