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Alba Mineral's latest sampling results expand Clogau gold mineralization area

Alba Mineral Resources PLC, through its soil sampling campaign on the Clogau project in the U.K., discovered gold mineralization at two new anomalies away from the existing mine area ranging in grades from 0.005 g/t to 0.25 g/t gold at a cutoff of 0.005 g/t.

The company said May 29 that the average grades for the new anomalies are well above the average gold-in-soil grades for the St David deposit and other historical mine areas.

Previously reported anomalies were also extended in strike length based on the new results.

Executive Chairman George Frangeskides said the company confirmed mineralization across about six miles of the Dolgellau Gold Belt and identified seven new mineralized zones that are not associated with historical mine workings.

Alba decided to increase its stake in Clogau to 90% in July 2018 after acquiring an additional 41% interest in project owner Gold Mines of Wales.