Stellar Resources v Stellar Resources RNS
Pictures say a thousand words, never mind the so called submission of applications or Ray (local manager) not working there, or the two directors stepping down, or the 2d/3d B.S at HorseHill (With poor initial results) or the operators directorship relationship with disgraced Australian broker Damian Conboy via GMOW/Exchange minerals or the Ex- RRL director Mike Povey now GM at Gold Mines Of Wales or the lack of physical gold or the Mickey mouse plant seated on an old desk with two blocks of wood does not give the Royal seal of approval.
Links and images below show the information released not my opinion……….
High grade samples
Stellar Resources: High Grade Gold Sample Results from Clogau Mine
Stellar Resources (AIM: STG) announces that it has received very promising first assay results from its venture located in Wales through its 49.9% interest in Gold Mines of Wales (Operations) Ltd (“GMOW”).
Assay results from underground grab samples range from 263 grams/tonne gold to 11.65 grams/tonne gold. Samples were taken from an unmined sections of the famous Clogau Gold Mine.
GMOW 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.
Sampling Programme Clogau Mine: Tyn n Cornel Level
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.
Recent work by the GMOW has included underground mapping and sampling on the Tyn n Cornel level section of the mine where the main gold-bearing lodes, the Jack Williams and the John Hughes veins, historically produced high-grade gold.
The grab sampling program was focused along 200m of the Tyn n Cornel Level and was undertaken to access the prospectivity of the remaining material left within this section of the mine. These samples consisting of 1kg of rock were split into 500 gram lots and sent for assay at the ALS Minerals laboratory in Loughrea, Co Galway, Ireland.
The assay results are tabulated below:
Note: After preparation, the samples underwent ALS’s code Au-AA15 analytical procedure. The Au-AA15 methodology is accelerated cyanide leach using LeachWELL™ reagent with an AAS (Atomic Absorption Spectroscopy) finish and is designed to detect gold in the range from 0.01-300ppm.
Stellar Resources Chairman David Lenigas commented; “These high grade gold samples from Colau highlight that significant amounts of gold remains within the old mine. The mine has the potential to contain other high grade pockets of gold in areas that have yet to be tested. Further samples will be taken from the surrounding area and a planned drill program is very much the focus for 2013”.
“The reported high grade results, of up to 263 g/t, albeit over a relatively limited sampling length of 200m, are very promising. GMOW and its technical consultants believe the Clogau Formation could still contain significant quantities of gold. Additional sampling over the remainder of the level and the longer Llfechfraith adit level is planned to access the potential for near-term production.”
This weeks samples
20 November 2014
Stellar Resources plc
(“Stellar Resources” or “the Company”)
Further Update – Clogau Gold Mine, Wales.
Stellar Resources (AIM: STG) advises that GMOW (Operations) Ltd (“GMOW”), the operator of Stellar Resources gold joint venture in Wales, has advised that it has received significant gold assay results from the latest underground sampling programme conducted on the Tyn n Cornel section of the Clogau St David’s Gold Mine (“Clogau”).
· A total of 10 out of 55 assays returned grades of over 200 grams per tonne gold (“g/t Au” or “ppm”), with 6 results returning greater than 300 g/t Au and the highest result returning 435 g/t Au;
· Average grade of samples from known underground stoping areas graded between 31-125 g/t Au; and
· Overall average of all samples was 67.3 g/t Au (2.2 ounces/tonne of gold).
Donald Strang, the Company’s Chairman commented:
“These are encouraging gold grades from the Clogau Mine and this work clearly demonstrates the potential of the area. Stellar Resources looks forward to reporting the results of the independent geological survey over the Dolgellau Gold Belt and the commissioning of the pilot processing plant over the coming weeks.”
Update on recent underground sampling at Clogau Gold Mine, Wales:
Overall, the total sample batch of 55 samples collected from the ground beneath the stopes in the Tyn n Cornel section of the Clogau St David’s Gold Mine in north Wales averaged 67.3 grams per tonne gold (“g/t Au” or “ppm Au”) (2. 2oz/t), with grades up to 435 g/t Au.
Clogau’s gold-bearing lodes are noted for their pockets of high-grade mineralization and historical production concentrated on the pursuit of these high grades zones. Consequently, there has been very little to no work done on material that was previously regarded as waste or where no visible gold was readily apparent.
In order to better evaluate the potential grades from processing larger amounts of remnant material within the mine a “mini-bulk” sampling programme exercise was undertaken during August and September 2014. The areas sampled included the previously grab sampled areas of the Tyn n Cornel level of the Clogau Mine, namely ‘the Main Lode (“ML”), Ned Pughes (“NP”), ‘Old Chutes (“OS”) and the John Hughes (“JH”) ore bodies. Sampling was also extended into the 710 drive south of the Clogau’s Main Lode system (“TMP”) and also into the nominally “waste” areas of the southern extension of the Tyn n Cornel adit (“TR”). The Tyn n Cornel section is the uppermost level of the mine and which provides access across the entire gold bearing mineralisation in the Clogau Mine. The more extensive lower level, the Llechfraith remains un-sampled at this stage.
A total 10 x 25kg samples each were selected from each of the underground stoping areas NP, JH, OS, ML, TMP and a additional 5 x 25kg samples were similarly selected from the development drive area within TR.
These sample lots were individually split and 1kg samples taken from each to provide a total of 55 x 1 kg samples. The remaining sample material has been retained and stored for future batch processing through the Company’s sample plant.
The full list of assay results are shown in Table 1.
Table 1: Full Assay Results from Clogau Mine
Note: These samples consisting of 1kg of rock were split into 500-gram lots and sent for assay at the ALS Minerals laboratory in Loughrea, Co Galway, Ireland. After preparation, the samples underwent ALS’s code Au-AA15 analytical procedure. The Au-AA15 methodology is accelerated cyanide leach using LeachWELL™ reagent with an AAS (Atomic Absorption Spectroscopy) finish and is designed to detect gold in the range from 0.01-300 ppm. Where samples exceeded 300 ppm, ME-CON02 was applied.
As can be seen from Table 1 all the samples registered gold values with the results continuing to show the high variability to be expected from this type of material recovered from a high-grade gold mine. Values ranged from 0.13g/t from nominal waste material in the Tyn n Cornel development drive to several values over 300g/t Au from the base of the known stoping areas. The notable high values are easily obtained from the presence of fine particulate gold in samples of this size. Overall, the total sample batch average from each area ranged from 4.4g/t to 125g/t Au. The total average for all 55 samples was 67.3g/t Au (2.2 oz/t).
The next stage of the sampling programme will be determine whether there is correlation between these laboratory assay sample results and the original bulk samples by processing them through the Company’s pilot plant. It is envisaged these bulk samples will be processed and the Wilfley table used to determine the percentage of gold recoverable by simple gravity separation. The results of these mini-bulk sample tests will be used to more accurately assess and correlate the underground sampling programmes with actual bulk gold recoveries.