TIDMALBA
RNS Number : 4852H
Alba Mineral Resources PLC
13 March 2018
Click on or paste the following link into your website browser
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images):
http://www.rns-pdf.londonstockexchange.com/rns/4852H_1-2018-3-12.pdf
Alba Mineral Resources plc
("Alba" or the "Company")
Completion of Orthophotography and Digital Elevation Model
at Thule Black Sands
Alba Mineral Resources plc (AIM: ALBA), the mineral exploration
and development company with a diversified portfolio of mining
assets and oil and gas investments, is pleased to announce the
completion of the compilation by GEUS, the Geological Survey of
Denmark and Greenland, of a georeferenced orthophoto and digital
elevation model across the Thule Black Sands Project area. The
Thule Black Sands Project is situated in north-west Greenland and
100% owned by Alba.
Highlights:
-- Alba took aerial photography across the licence area as part
of the field programme in Q3 2017. This photography was released on
1 December 2017 for the NW Target (see Thule Flyover Video RNS and
link to the flyover video here: https://youtu.be/gJ_mIzIlA_8)
-- The aerial photography highlights target mineralisation from
across the entire 22km of coastline within the Project area
-- Data from the aerial photography has now been used by GEUS to
compile orthophotography and a digital elevation model for the
project. This work will assist in identifying future exploration
targets and will support future Mineral Resource Estimates for the
Project
Alba's Executive Chairman, George Frangeskides, commented:
"We are grateful to the Geological Survey of Denmark and
Greenland, GEUS, for their assistance in compiling this report.
GEUS has been exploring the Thule region of north-west Greenland
for many decades and has amassed a substantial geological database
for the region. This latest analysis of the extensive mineralised
coastline at our Thule Black Sands Project will greatly help us in
the weeks and months ahead as we prepare a significant field work
programme for this coming field season."
Aerial Photography and Digital Elevation Model
During the Q3 2017 field campaign, GPS-enabled aerial
photography was undertaken across the Project area. This
photography was released as a flyover video for the NW portion of
the licence via RNS on 1 December 2017 (see link to the flyover
video here: https://youtu.be/gJ_mIzIlA_8).
The aerial photographs taken were subsequently supplied to the
Geological Survey of Denmark and Greenland ("GEUS") who have used
the GPS data and photographs to generate a digital elevation model
("DEM") and georeferenced orthophoto for the licence.
The orthophoto generated has been georeferenced and can be
draped over the digital elevation model created by GEUS. This
allows the visualisation of the sample results previously reported
and aids mapping of the sedimentary features. This will in turn
assist the geological modelling for use in future Mineral Resource
Estimates for the project and in the determination of the resource
potential of the Project.
Images from the georeferenced orthophoto and digital elevation
model compiled by GEUS can be seen by clicking on the link to the
PDF version of this announcement found in the header of this
announcement.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information please contact:
Alba Mineral Resources plc
George Frangeskides, Executive Chairman +44 20 7264 4366
Cairn Financial Advisers LLP (Nomad)
James Caithie / Liam Murray +44 20 7213 0880
First Equity Limited (Broker)
Jason Robertson +44 20 7374 2212
Yellow Jersey PR (Financial PR/
IR)
Tim Thompson / Sophia Macleod +44 77 1071
/ Henry Wilkinson 8649
alba@yellowjerseypr.com
Competent Person Declaration
The information in this release that relates to Exploration
Results has been reviewed by Mr Howard Baker, Technical Director of
Alba Mineral Resources Plc. Mr Baker is a Chartered Professional
Fellow of the Australasian Institute of Mining and Metallurgy
(Membership Number 224239) and a Competent Person as defined by the
rules of International Reporting Codes that are aligned with
CRIRSCO.
Howard Baker has sufficient experience that is relevant to the
style of mineralisation and type of deposit under consideration and
to the activity being undertaken to qualify as a Competent Person
as defined in the 2012 Edition of the 'Australasian Code for
Reporting of Exploration targets, Exploration Results, Mineral
Resources and Ore Reserves', also known as the JORC Code. The JORC
code is a national reporting organisation that is aligned with
CRIRSCO. Howard Baker consents to the inclusion in the announcement
of the matters based on his information in the form and context in
which they appear.
GLOSSARY
DEM or Digital Elevation Model: A 3D computer graphic
representation of a terrain's surface, created from a terrain's
elevation data.
FeO: Ferrous Iron Oxide.
Ilmenite: FeTiO(3) , an iron-titanium oxide ore mineral that is
a major titanium ore.
Leucoxene: A naturally occurring alteration product of ilmenite,
containing TiO(2) in the range 65% and 90%.
Orthophoto: An aerial photograph or image geometrically
corrected ("orthorectified") such that the scale is uniform: the
photo has the same lack of distortion as a map. Unlike an
uncorrected aerial photograph, an orthophotograph can be used to
measure true distances, because it is an accurate representation of
the Earth's surface, having been adjusted for topographic relief,
lens distortion and camera tilt.
Rutile: The purest, naturally occurring titanium-bearing
mineral, containing over 95% TiO(2.)
Slag: An enriched TiO(2) product arising from smelting of
ilmenite, typically containing 75%-85% TiO(2) .
THM: Total Heavy Minerals. All heavy minerals in mineral sands
with specific gravity >2.9.
TiO(2) : Titanium dioxide, occurring in a number of minerals
including ilmenite, rutile and leucoxene. The main commercial
application of TiO(2) is as a whitening pigment.
Titanium: Titanium is mainly used to produce titanium dioxide
pigment which is non-toxic, inert and imparts a brilliance and
opacity. It is widely used in paints, plastics and paper. It is
also used to produce titanium metal which has a high strength to
weight ratio, is non-reactive and resistant to oxidation. It is
used increasingly in aircraft and space craft. Because it is
non-reactive, it is used extensively in surgery.
Alba's Principal Operations & Investments
Oil & Gas
Horse Hill (Oil & Gas, UK): Alba holds an 18.1 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.
Brockham (Oil & Gas, UK): Alba has a direct 5 per cent
interest in Production Licence 235, which comprises the previously
producing onshore Brockham Oil Field.
Mining
Amitsoq (Graphite, Greenland): Alba owns a 90 per cent interest
in the Amitsoq Graphite Project in Southern Greenland and has an
option over the remaining 10 per cent.
Thule Black Sands (Ilmenite, Greenland): Alba owns 100 per cent
of mineral exploration licences 2017/29 and 2017/39 in the Thule
region, north-west Greenland.
Gold Mines of Wales (Gold, Wales, UK): Alba holds a 49 per cent
interest in Gold Mines of Wales, the ultimate owner of the Clogau
Gold project situated in the Dolgellau Gold Belt in Wales.
Inglefield Land (Multi-Commodity, Greenland): Alba owns 100 per
cent of mineral exploration licences 2017/40 and 2018/15 in
north-west Greenland.
Melville Bay (Iron Ore, Greenland): Alba is entitled to a 51 per
cent interest in mineral exploration licence 2017/41 in Melville
Bay, north-west Greenland. The licence area benefits from an
existing inferred JORC resource of 67 Mt @ 31.4% Fe.
Web: www.albamineralresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
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