Alba Mineral Resources plc has identified three gold targets from the first part of it recent airborne magnetic survey across the Dolgellau gold belt in Wales.
ZONES
The surveys, over the Clogau, Castell Carndochan and Hafod Owen prospects, were flown between November 2023 and January 2024.
Review and interpretation of the first part of the data found two targets within the envelope of the Clogau-St David’s gold mine, representing the potential definition of new drill targets within the mine.
The company said that the two targets may merit follow-up underground drilling to define potential new economic zones of mineralisation.
The third target, on a fault extending 4km northeasterly in the gold belt, will undergo basic ground exploration involving geochemical sampling and mapping and ground-truthing.
Alba is awaiting interpretation of the survey data over the Carndochan and Hafod Owen prospects.
Chief operating officer Mark Austin added that the survey was the first of its kind, revealing more detail since the British Geological Survey’s regional survey in the early 1970s.
“The three targets that we have identified over the Clogau-St Davids survey area make a lot of sense in the context of the overall geological model we have developed over the years.
“From the drilling we carried out in 2021, we were able to identify vein structures parallel to the main Clogau vein, and this has now been corroborated by the aeromagnetic survey data.
“The advantage of two of the targets being in-mine is that we should be able to access them by the drilling of some short holes from the existing underground development, a much quicker and most cost-effective way to prove up these potentially new gold-bearing vein structures.”