Alba Mineral Resources PLC Appointment of SRK Consulting
December 27 2017 - 1:00AM
RNS Non-Regulatory
TIDMALBA
Alba Mineral Resources PLC
27 December 2017
Alba Mineral Resources plc
("Alba" or the "Company")
Appointment of SRK Consulting as Principal Technical Adviser
to Clogau Gold Project
Alba Mineral Resources plc (AIM: ALBA) is pleased to announce
that SRK Consulting (UK) Limited ("SRK") has been appointed as a
Principal Technical Adviser to the Clogau Gold Project ("Project").
Alba has a 49% shareholding in Gold Mines of Wales Limited
("GMOW"), the owner of the Project.
In the past week SRK completed a site visit to the Project with
Alba's management and technical team. The GMOW/Alba and SRK teams
will now work together to formulate a detailed strategy for the
in-mine and near-mine exploration and development work to be
executed throughout 2018.
SRK Director Mark Campodonic attended the site visit and
commented: "SRK's headquarters are located in Cardiff and many of
our employees and directors, such as myself, are Welsh. As such, we
are delighted to be appointed to assist GMOW and its project
partner Alba Mineral Resources plc to redevelop the Clogau Gold
Project."
Alba Executive Chairman George Frangeskides commented: "We are
very pleased indeed to have secured the support of a firm of the
international renown of SRK to assist us and Project operator GMOW
as we take the Clogau Gold Project forward in the coming months and
years. This is doubly the case as SRK has such a close connection
with Wales. Clogau is a project with a very special place in the
heritage of the United Kingdom and specifically in Wales, and as
such it is important to us to have the support as many relevant
stakeholders in Wales as possible we seek to take the Project
forward."
For further information, please contact:
Alba Mineral Resources plc
George Frangeskides, Executive Chairman
+44 20 7264 4366
First Equity Limited (Broker)
Jason Robertson
+44 20 7374 2212
Alba's Project Portfolio
Oil & Gas
Horse Hill (Oil & Gas, UK): Alba holds a 18.1 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.
Brockham (Oil & Gas, UK): Alba has a direct 5 per cent
interest in Production Licence 235, which comprises the previously
producing onshore Brockham Oil Field.
Mining
Amitsoq (Graphite, Greenland): Alba owns a 90 per cent interest
in the Amitsoq Graphite Project in Southern Greenland and has an
option over the remaining 10 per cent.
Black Sands (Ilmenite, Greenland): Alba owns 100 per cent of
mineral exploration licences 2017/29 and 2017/39 in the Thule
region, north-west Greenland.
Clogau (Gold, Wales): Alba owns 49 per cent of Gold Mines of
Wales Limited, the owner of the Clogau Gold Project in north Wales
incorporating the historic Clogau-St David's Mine.
Melville Bay (Iron Ore, Greenland): Alba is entitled to a 51 per
cent interest in mineral exploration licence 2017/41 in Melville
Bay, north-west Greenland. The licence area benefits from an
existing inferred JORC resource of 67 Mt @ 31.4% Fe.
Inglefield Land (Copper, Cobalt, Gold): Alba owns 100 per cent
of mineral exploration licence 2017/40 in north-west Greenland.
Limerick (Base Metals, Ireland): Alba has 100 per cent of the
Limerick base metal project in the Republic of Ireland.
El Mreiti (Uranium, Mauritania): Alba has applied for the
reissue of a uranium permit in northern Mauritania, centred on
known uranium-bearing showings.
Web: www.albamineralresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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