When you think of Wales you think of rich coal seams,male voice choirs and a passionate rugby loving nation.Not many people would think of gold mining,however it is a fact that a certain area of wales is responsible for the largest historic gold production from the british isles.That area of wales is Gwynedd and hosts the Dolgellau Gold Belt which is famous for producing Gold, Silver and Copper for over 100 years.

In the last few years the many individual mineral exploration licence,s have been consolidated into the ownership of just two key players.These being Gold Mines of Wales and aim listed Stellar Resources Plc,who between them have exclusive rights over 120 square kilometres of land in Gwynedd which encompasses the vast majority of the Dolgellau Gold Belt.The two most prolific gold mines in this area are the Clogau and Gwynfynydd deposits with production dating back as far as 1862.Clogau Gold has been the source of the British Royal family,s jewellery for well over a century and carries an internationally recognised registered trademark.Clogau Gold prices can attract far higher valuations over the international spot prices and at various times has been as high as 5 - 10 times above spot prices.

 

( Fig 1 - an actual nugget recovered from Gywnedd )

 

In februrary 2013 this year Stellar Resouces reported impressive assay results from underground grab samples,those samples range from 263 grams/tonne gold to 11.65 grams/tonne gold. Grab samples were taken from unmined sections of the famous Clogau Gold Mine and sent to Galway in Ireland for assay analysis.The results largely confirmed an internal report that the mine could still host in excess of 500.000 ounces of gold,and be commercially viable.Shortly after receiving the assays the company management indicated that a trial mining / production plan would be in place before the end of 2013.Stellar have just undertaken a round of fundraising and are prepared to take Clogau into the next phase of development.


 

 Ref Links:

http://www.stellar-resources.com/

http://www.goldminesofwales.com/

 

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