Alba Mineral Resources (ALBA)

Sector:

Mining

Index:

FTSE AIM All-Share

0.073p
   
  • Change Today:
    -0.025p
  • 52 Week High: 0.17
  • 52 Week Low: 0.065
  • Currency: UK Pounds
  • Shares Issued: 7,734m
  • Volume: 51,705,699
  • Market Cap: £5.61m
  • RiskGrade: 447

Alba begins second phase of surface drilling at Clogau-St David's

By Josh White

Date: Monday 12 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Alba Mineral Resources announced on Monday that the second phase of its surface drilling programme at the Clogau-St David's Gold Mine had started.
The AIM-traded firm said this phase of drilling would target what it believed to be the westerly, 550-metre extension to the Clogau Main Lode, the source of most of the historic gold production at the mine.

It said the underground drilling programme completed in October intersected that extension.

The second phase surface drilling programme was designed to confirm continuity of the Main Lode extension, and if confirmed, it added that it would become a primary zone for underground development and extraction.

Second phase drilling would also seek to intersect projected depth extensions of certain historically-worked lodes, namely Grandfathers Lode and the 7-10 Lode.

"The Main Lode has provided most of the historic gold production at the Clogau-St David's Gold Mine, so finding a continuation of the Main Lode which has never previously been exploited would constitute the most important discovery at the mine in many decades," said executive chairman George Frangeskides.

"With that major objective in mind, we are excited to get this next phase of our surface drilling programme underway."

At 0852 BST, shares in Alba Mineral Resources were down 6.25% at 0.3p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ALBA Market Data

Currency UK Pounds
Share Price 0.073p
Change Today -0.025p
% Change -25.26 %
52 Week High 0.17
52 Week Low 0.065
Volume 51,705,699
Shares Issued 7,734m
Market Cap £5.61m
RiskGrade 447

ALBA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.99% above the market average51.99% above the market average51.99% above the market average51.99% above the market average51.99% above the market average
16.03% below the sector average16.03% below the sector average16.03% below the sector average16.03% below the sector average16.03% below the sector average
Price Trend
22.86% below the market average22.86% below the market average22.86% below the market average22.86% below the market average22.86% below the market average
39.86% above the sector average39.86% above the sector average39.86% above the sector average39.86% above the sector average39.86% above the sector average
Income Not Available
Growth
7.66% below the market average7.66% below the market average7.66% below the market average7.66% below the market average7.66% below the market average
9.38% above the sector average9.38% above the sector average9.38% above the sector average9.38% above the sector average9.38% above the sector average

ALBA Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
08:35 1,466,275 @ 0.068p
08:35 50,073 @ 0.068p
08:34 134,904 @ 0.068p
08:33 750,000 @ 0.067p
08:33 800,000 @ 0.068p

Top of Page