Alba Mineral Resources PLC Amitsoq Update (5475L)
October 03 2016 - 10:37AM
UK Regulatory
TIDMALBA
RNS Number : 5475L
Alba Mineral Resources PLC
03 October 2016
Alba Mineral Resources plc
("Alba" or the "Company")
Alba successfully completes airborne electromagnetic survey
over Amitsoq project in southern Greenland
Alba Mineral Resources plc (AIM: ALBA) is pleased to announce
that it has successfully completed an extensive airborne
electromagnetic (EM) survey at the Amitsoq graphite project in
southern Greenland, targeting graphite zones and extensions of the
former graphite mine at Amitsoq, nickel and platinum group elements
to the north of the former mine as well as potential gold targets
on the mainland to the south of Amitsoq island.
Our contractor has now commenced the processing of the data
acquired in the survey. Further developments will be announced as
and when they are available.
Maps and photographs from the survey will be available on the
Alba website in the next few days.
For further information please contact:
Alba Mineral Resources
plc
Michael Nott, CEO +44 20 7264 4366
Cairn Financial Advisers
LLP
James Caithie/Liam Murray +44 20 7148 7900
Dowgate Capital Stockbrokers
Limited
Jason Robertson / Neil
Badger +44 1293 517744
About Alba
Alba holds a 15 per cent interest in Horse Hill Developments
Limited, the company which has a 65 per cent participating interest
and operatorship of the Horse Hill oil and gas project (licences
PEDL 137 and PEDL 246) in the UK Weald Basin. Alba has also elected
to earn a 5% interest in Production Licence 235, which comprises
the producing onshore Brockham Oil Field.
Alba has the right to earn up to 70 per cent of the Amitsoq
Graphite Project in Southern Greenland. In addition, the Company
has recently renewed its Limerick base metal and gold licence in
the Republic of Ireland, and has applied for the reissue of a
uranium permit in northern Mauritania. The new Mauritanian permit
will be on a reduced area, and is centred on known uranium-bearing
showings.
Alba continues actively to review and discuss other project
opportunities which have value-enhancing potential for the Company
whether by acquisition, farm in or joint venture in a range of
jurisdictions around the world.
This information is provided by RNS
The company news service from the London Stock Exchange
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