Tuesday, April 23rd 06:18 PM IST

Stellar Resources receives high grade Gold samples from Clogau Mine in Wales

# Stellar Resources  # AIM: STG  # Gold  # Gold Mining  

The most significant sample from the re-opened Clogau mine in the Principality was 749 grams per tonne of the precious metal, which equates to 24 ounces per tonne.

Image Source: Freeworldmaps.net

LONDON(BullionStreet): Stellar Resources (AIM: STG) has announced 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).

The most significant sample from the re-opened Clogau mine in the Principality was 749 grams per tonne of the precious metal, which equates to 24 ounces per tonne.

A total of 16 of the 31 samples assayed better than 31 grams per tonne of gold, while 15 were above 62 grams and 10 above 93 grams.

Re-opening of the Clogau Gold Mine in Wales continues to access further unmined areas and provide excellent gold grades, the company said.

Stellar chairman David Lenigas stated: "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 mineralisation.

"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." he said.

Image Source: Freeworldmaps.net 

How about a fully featured Android App for your business?

Most Popular

Bullion Street Newsletter