Amitsoq Update

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	[phone]
Cairn Financial Advisers LLP James Caithie/Liam Murray	[phone]
Dowgate Capital Stockbrokers Limited Jason Robertson / Neil Badger	[phone]

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.

 

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