Business
Further high grade gold samples
Further high grade gold samples.
About this update from Primorus Investments Plc
[{"type":"text","content":"\n \nRNS Number : 8256C Stellar Resources PLC 22 April 2013 \n \n\n22 April 2013\n \nStellar Resources Plc\n(\"Stellar Resources\" or the \"Company\")\n \nFurther High Grade Gold Samples from Clogau Mine in Wales\nStellar Resources (AiM: STG) announces that it has received significant gold assay grades from its venture in Wales through its 49.9% interest in Gold Mines of Wales (Operations) Ltd (\"GMOW\").\nHighlights:\n· Re-opening of the Clogau Gold Mine in Wales continues to access further unmined areas and provide excellent gold grades.\n· Assay grades as high as 749 grams/tonnes (\"g/t gold\") or 24 ounces/tonne (\"oz/t Au\") have been recorded from unmined areas. \n· 16 out of 31 samples assayed better than 31.1 g/t Au.\n· 15 samples assayed better than 62.2 g/t Au.\n· 10 samples assayed better than 93.3 g/t Au.\nStellar Resources Chairman David Lenigas commented; \n\"The team in Wales continue to gradually re-open the underground workings at the old Clogau Gold Mine. These high grade gold samples from Clogau provide encouragement that the potential still exists to define new high grade gold mineralistion.\"\n\"In the current environment of declining gold prices, grades of this magnitude make Stellar Resources' Welsh gold project something the board feels committed to progressing.\"\nGMOW currently holds an exploration licence area of 120km² covering the entire Dolgellau Gold Belt. The Dolgellau Gold Belt has been subject to multiple phases of deformation and mineralisation and contains 61 known occurrences of gold mineralisation. The Clogau Mine contains approximately 20 miles of drives and shafts, although exploration is currently focussed on the Tyn n Cornel level and 900 metres of the lower Llechfraith adit level.\nRecent works by GMOW have included a further sampling program; make safe works and pre-planning visits from Flintshire county council. GMOW continues to work closely with the local community and authorities in order to potentially re-open the Clogau Mine to commercial gold extraction.\nAssay results were from underground grab samples were taken from a wider area (400m) on the upper level from the Clogau Formation. Thirty-one samples were taken from both partly mined and unmin...