George Frangeskides of Alba Mineral Resources: Assay results from Clogau-St David's Gold Mine Waste Tip show grades of up to 1,000 g/t
If you find this podcast useful please give it a rating and review on iTunes by clicking here
George Frangeskides, Executive Chairman, Alba Mineral Resources #ALBA provides an update on progress made at its Clogau-St David's Gold Mine in Wales, including assay results from gold concentrates produced from the processing of 8.76 tonnes of fine material excavated from the Mine's historic Waste Tip that returned gold concentrate grades of up to 1,000 g/t, with average head grades for this material of 1.7 g/t.
Key Points
· Gold concentrate grades of up to 1,000 g/t have been returned following independent assaying of the 81 kg of total gold concentrates produced at the Clogau pilot processing plant from the five pits dug in January 2022 at the Waste Tip, with the average grade of the final high-grade concentrates being 503 g/t.
· An average head grade of 1.7 g/t was achieved for the material processed through the processing plant, significantly higher than the average of 0.95 g/t achieved from the initial sampling of the same pits, indicating that the sampling exercise under-represented the overall grade due to the nuggety effect of the ore.
· The successful completion of this Phase 2 programme, including the significantly higher average head grades, will enable further economic assessment of the Waste Tip to be completed.
· A positive assessment will enable Alba to proceed with a Mining Plan and formal planning application to commercially produce gold from the Waste Tip's estimated 4,000 tonnes of fines material.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.