Alba Mineral Resources (ALBA)

Sector:

Mining

Index:

FTSE AIM All-Share

 0.045p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.10p
  • 52 Week Low: 0.035p
  • Currency: UK Pounds
  • Shares Issued: 9,726m
  • Volume: 5,591,684
  • Market Cap: £4.38m
  • 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.

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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 0.045p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.10p
52 Week Low 0.035p
Volume 5,591,684
Shares Issued 9,726m
Market Cap £4.38m
RiskGrade 447

ALBA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.83% above the market average38.83% above the market average38.83% above the market average38.83% above the market average38.83% above the market average
20.63% above the sector average20.63% above the sector average20.63% above the sector average20.63% above the sector average20.63% above the sector average
Price Trend
82.62% below the market average82.62% below the market average82.62% below the market average82.62% below the market average82.62% below the market average
66.42% below the sector average66.42% below the sector average66.42% below the sector average66.42% below the sector average66.42% below the sector average
Income Not Available
Growth Not Available

ALBA Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:26 984,251 @ 0.043p
15:59 422,066 @ 0.045p
15:21 5,032 @ 0.046p
14:51 1,404,242 @ 0.045p
12:00 10,000 @ 0.042p

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