George Frangeskides of Alba: Assay results return gold grades of up to 11.35 g/t at Clogau-St David's Gold Mine
Episode 620, Mar 21, 2022, 12:37 PM
George Frangeskides, Executive Chairman, Alba Mineral Resources #ALBA provides an update regarding the Clogau-St David's Gold Mine, where assay results from a Phase 2 sampling programme undertaken at the historic Waste Tip have returned gold grades of up to 11.35 g/t.
George Frangeskides, Executive Chairman, Alba Mineral Resources #ALBA provides an update regarding the Clogau-St David's Gold Mine, where assay results from a Phase 2 sampling programme undertaken at the historic Waste Tip have returned gold grades of up to 11.35 g/t.
Key Points
· Gold grades of up to 11.35 g/t from samples of the five pits dug in January 2022.
o Whole-sample analysis averages up to 3.50 g/t, similar to Phase 1 results.
o Average gold grades returned for the fine fractions (<1mm) are up to 2.13 g/t.
· Further size fraction analysis has highlighted how gold is concentrated in the finest material (<1 mm) extracted from the dump.
· 107 kg of concentrate produced in the Company's pilot processing plant from 8.76 tonnes of sub 20mm fines material collected in January 2022.
o The panning of one sample of the <20mm fraction reveals a material amount of visible gold.
· Next steps
o Upgrade the 107 kg of concentrate, assess the economic potential of processing this section of the Waste Tip and develop an outline Mining Plan.
o Evaluate taking a further bulk sample from lower down within the Waste Tip to access potentially higher-grade material.