Alba Mineral Resources plc has completed an inaugural drilling programme at its Finnsbo gold-copper-rare earth elements earn-in located in Bergslagen, Uppland, eastern Sweden. EARN-IN The company drilled three holes for a total of 300 metres, focusing on the ‘Pop 2’ site, to determine continuity of high grade mineralisation. Laboratory assays are pending. Alba’s first stage […]
Tag: Finnsbo – eastern Bergslagen – Uppland – eastern Sweden
Alba begins inaugural drill at Finnsbo
Alba Mineral Resources plc has started its inaugural drill, of three holes for 300 metres, at the Finnsbo gold-copper-rare earth elements earn-in located in eastern Bergslagen, Uppland, eastern Sweden. EXPENDITURE The two-week operation aims to determine continuity of high-grade mineralisation, with a focus on the ‘Pop 2’ site. Alba’s first stage earn-in involves the right […]
Alba completes first stage acquisition of Motzfeldt
Alba Mineral Resources plc has completed the first stage cash and shares acquisition of the Motzfeldt niobium-rare earth elements-tantalum-zirconium project in southern Greenland. FUNDRAISE Current owner is Elemental Rare Metals Ltd of which Alba’s executive chairman George Frangeskides is a founder, significant shareholder and funder. Alba said that its acquisition agreement had been modified for […]
Alba advances polymetals projects
Alba Mineral Resources plc has progressed its polymetals projects at Motzfeldt in South Greenland, Finnsbo in East Sweden and its principal Clogau gold mine asset in Wales. DRILLING A 300kg mini bulk sample, chosen from the 2.5 ton bulk sample from the Aries deposit at Motzfeldt, was sent to and crushed at SLR’s Wheal Jane […]
Alba progresses Clogau-Finnsbo
Alba Mineral Resources plc continues to progress operations at its Clogau-St David’s gold mine in north Wales and the gold-rare earth elements (REE) farm-in prospect in Finnsbo, eastern Sweden. HIGH GRADE The company has finalised plans for the next phase of underground blasting in the lower Llechfraith shaft at Clogau. Specifications to the technical blasting […]
Alba exercises Finnsbo rare earth option
Alba Mineral Resources plc has exercised the earn-in option to acquire the Finnsbo rare earth project in eastern Bergslagen in Uppland, eastern Sweden. INTEREST The completed transaction involves payment to the project owners of £7,500 in cash and £7,500 in 30,512,612 Alba shares. Following admission the company will have 10,941,721,949 ordinary shares in issue, with […]