Alba Mineral Resources PLC
14 February 2006
Alba Mineral Resources plc
('Alba' or 'the Company')
Alba Outlines Gold Mineralization at Bohaun
Alba Mineral Resources plc (AIM: ALBA), the UK based exploration company,
reports positive initial exploration results from a rock sampling programme at
the Company's Bohaun licence block in Ireland, in which the Company holds a 100%
interest. The results confirm Bohaun as a prospective gold target with high
grade potential.
Highlights
• Results from a reconnaissance rock sampling survey have outlined a large
and coherent zone of gold bearing, silicified outcrops and boulders,
measuring 1.25 kilometres in length and 125 metres wide.
• The programme has confirmed previously known mineralization and
revealed new gold bearing outcrops.
• Sampling to date has returned a number of high-grade gold results including
587.1, 51.1 and 19.9 grams per tonne gold ('g/t Au'), with associated
silver values of 186.2, 10.9 and 1.4g/t respectively.
Lance O'Neill, Chairman, Alba Mineral Resources commented; 'The initial results
from Bohaun verify high grade gold mineralization, widespread anomalous gold
values and confirm the potential of the licence area. The Company will conduct
detailed infill sampling, soil sampling and prospecting to further assess this
exciting prospect.'
Rock Sampling
Reconnaissance rock sampling was conducted across a north-north-east trending
silicified zone, containing variably developed quartz stockworks with minor
disseminated sulphides. The siliceous breccia body is hosted within a package
of meta-sedimentary country rock.
To date the known extent of the silicification and associated alteration is
traceable in outcrop over 1.6 kilometres and is up to 160 metres in width,
dipping steeply to the west. Chip sampling was conducted (perpendicular to the
dominant structural trend) across outcrops and a summary of the results from the
sampling programme are as follows:
Total samples: 66
Highest gold values: 587.1 (boulder), 51.1, 19.9 and 2.3 g/t Au
Samples over 5 g/t Au: 3 (5%)
Samples between 1 and 5 g/t Au: 5 (8%)
Samples between 0.1 and 1 g/t Au: 17 (26%).
The results from the sampling have outlined a large, coherent zone of gold
bearing outcrops along a strike length of 1.25 kilometres, confirming previously
known mineralization and revealing new zones gold mineralization.
Background
The Bohaun gold project comprises a block of eight contiguous exploration
licences with a total area of 177 square kilometres. The licences were granted
to Alba's wholly owned subsidiary Aurum Mineral Resources on 30th June 2004.
Alba is targeting low-sulphidation epithermal gold mineralization throughout the
Bohaun licence block similar to that recorded by a previous operator in the
centre of the block, where a north-south striking auriferous zone of
silicification was discovered during exploration activity in the early 1990's.
Low-sulphidation epithermal mineralization often contains cross-cutting
high-grade 'bonanza' veins.
Regionally the area offers much potential with a number of gold occurrences,
gold-bearing outcrop and float identified within the prospect. Other geochemical
anomalies have been identified associated with favourable structures which have
yet to be followed up by more detailed exploration;
ENDS
For further information contact:
Contact Company Telephone
Lance O'Neill, Chairman Alba Mineral Resources plc +44 (0)20 7499 8334
Wilson Robb, Exploration Director Alba Mineral Resources plc +353 (0)46 9059959
Justine Howarth/ Victoria Thomas Parkgreen Communications +44 (0 20 7493 3713
Liam Murray City Financial Associates Limited +44 (0)20 7090 7800
Notes to Editors
Alba Mineral Resources PLC is a junior explorer with a diversified commodity
portfolio, primarily nickel, gold, copper, cobalt and platinum group metals,
focussed on the Appalachian-Caledonide trend, a zone extending from the eastern
seaboard of North America to Scandinavia. Alba currently has interests in a
number of well researched properties in Scotland and Ireland, owned in its own
right or in conjunction with other parties.
This information is provided by RNS
The company news service from the London Stock Exchange FBBE
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.