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Alba Mineral Resources pleased with progress at Clogau mine
(Sharecast News) - The share price of Alba Mineral Resource received a boost on Thursday by an operational update from the Clogau-St David's gold mine, after six blasts were completed successfully. The blasts at the Llechfraith Target, Alba's priority gold target at Clogau-St David's, advanced operations by 8.1m, taking the total tonnage of blast material produced for sorting and processing so far to 90 tonnes.
Operations have been temporarily paused while roof support measures are installed, with mucking out work expected to resume in the coming days.
"We are very pleased with the roll-out of the drilling and blasting programme to date," said executive chair George Frangeskides.
"This represents the most significant development to take place at the Clogau-St David's Gold Mine in decades. Having completed eight metres of development, we are on track to reach our objective of completing around 20 metres of development by Easter."
The stock was up 4.8% at 0.024p by 1428 GMT, having jumped as much as 17% earlier on.
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