Listing:
Alternative Investment Market (AIM)
Ticker:ALBA
Broker: City Financial Associates
NOMAD: City Financial Associates
Shares in Issue:
88,070,100
Year End:
30th Nov. 2008
AGM:
1st August 2008
Alba Mineral Resources plc Third Floor
16 Dover Street, London,W1S 4LR
Tel: +44 (0)20 7499 8334
Fax: +44 (0)20 76295834
Eight exploration licences have been granted to Alba, by the Irish Government covering an area in Counties Galway and Mayo in Ireland. The licences cover 176.99 km2 of ground and were granted on 30 June 2004. A north-south trending silicified and brecciated zone within Silurian grits of dimensions, 160 m wide by 1,600 metres long, has associated with it anomalous gold concentrations (peak gold value of 451 ppm gold from vein material) and has been only superficially explored. Three shallow drillholes, totalling 170 metres, were drilled by Ovoca Resources plc in the early 1990s. Drilling showed that gold mineralization and quartz-calcite brecciation were present to a depth of 45m. No assays have been discovered as a result of data searches in the Open File System of the Geological Survey of Ireland relating to the Ovoca drilling programme. Numerous other gold occurrences, (gold-bearing outcrop and anomalous float rock), have been identified in the wider project area. Other geochemical anomalies have been identified in stream sediments and soils, associated with structures in local Silurian and Dalradian lithologies which appear not to have been followed up by more detailed exploration. Alba will commence the following exploration programme in the near future:
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Epithermal breccia at Bohaun showing
evidence of multiple brecciation events
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Visible gold Bohaun is present at
outcrops and from drillcore
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The information on this page has been provided to fulfil the requirements of AIM Rule 26. This page was last updated on l0th August 2007.
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