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https://www.youtube.com/watch?v=k5hRUqdUnb4 - from today - you can clearly see Gold on RH corner.
Boom!
GLA - for 7p and beyond
Leeds.
"We have made EXCELLENT progress in our underground campaign following its resumption earlier this month, with a 121 metre drill hole completed and a large bulk sample collected at the Jack Williams stope, taken from material left behind during previous periods of mining. The programme is scheduled to continue until the end of October, following which we will move into the formal assaying of all the drilled and sampled material, the start of the first phase of our regional surface trenching programme as well as preparations for the surface drilling campaign which we also hope to kick off next month."... GF
EXCELLENT!!
Angs RNS
Acquisition of Doriemus plc interest in Brockham Licence (PL 235)
In addition, the Company has executed a Sale & Purchase Agreement for the purchase of Doriemus plc's ("Doriemus") 10% interest in the Brockham PL235 Licence, thereby increasing the Company's interest from 65% to 75%. The purchase price for the Licence is adjusted for the settlement of outstanding amounts due from Doriemus to the Company and a contribution towards the estimated share of long-term abandonment liabilities and results in a net payment to the Company of approximately £260,000 in cash in Completion.
Mr008
After producing copper and a little lead for quite a number of years, the mine developed into gold production in the 1862 'rush' and continued as a major operator until 1911, during which 165,031 tons of gold ore was mined resulting in 78,507 troy ounces (2,442 kg) of gold.
It worked the St David's lode of Clogau mountain alongside the co-owned Vigra Mine.
Since 1911 the mine has been re-opened several times for smaller-scale operations.
It last closed in 1998. In 1999 the mine was taken over and held by a local exploration company.
In November 2010 the mine was acquired by a new exploration company, who hope to restore the mine to production.
Within every piece of Clogau jewellery is rare Welsh gold from the Clogau St. David’s Gold Mine in Bontddu (“bont-thee”). This is undoubtedly one of the rarest, most expensive and most sought-after gold’s in the world.
During the early 20th century, the Clogau mine was Britain’s largest and richest gold mine producing nearly 2.5 tonnes of gold between 1862 and 1911.
For over 150 years, the mine went through mixed fortunes with the gold veins being most inconsistent and difficult to locate.
By the late 1990’s however, the last train carrying Welsh gold from the Clogau mine clanked to a halt. One of the miners at the Clogau mine once said:
Finding gold in most mines around the work is like finding the cream in a sponge cake
Finding Welsh gold on the other hand is like finding the sixpence in the biggest Christmas cake you could imagine.
There’s no pattern, no logic, and you never know when you’re just inches away.“
It will take time to find this gold, so whare is the issue... Nothing has changed atm
Dear Mr 008...
the only information i found is that total of 3 Tons of gold was dig out from this mine, worth in current value 160.000.000$ - the reason why they stop was very simple gold was worth 300$ per ounce - today is worth over 1940$ per once - do the maths folks :)
Modern technology + low cost (manpower 10 people) +premium price = ????
"We have made EXCELLENT progress in our underground campaign following its resumption earlier this month, with a 121 metre drill hole completed and a large bulk sample collected at the Jack Williams stope, taken from material left behind during previous periods of mining. The programme is scheduled to continue until the end of October, following which we will move into the formal assaying of all the drilled and sampled material, the start of the first phase of our regional surface trenching programme as well as preparations for the surface drilling campaign which we also hope to kick off next month."
If the gold results will be good, and local council give permission to reopen the mine for mass production we probably can hit 6p, but the decision of reopen the mine will be in 2022 after let's hope good results.
However if rest of the alba projects also will be successful... Well... 30p can be on the table.
But obviously is just my opinion.
ST you are absolutely correct....
Year Gold Price Prediction
2020 $1,884
2021 $2,312
2022 $2,149
2023 $2,221
2024 $2,288
2025 $2,312
2030 $2,732
"Investing in gold has never had a better time to start than right now, the price is primed to explode!!!!!!!"
Jeff Clark, Senior Analyst, GoldSilver, explains why it has never been a better time to own gold than now.
“The most important message .... if gold rises only modestly this year, or even takes a dip, it has rarely been more important to own. That means that dips in price should be bought, especially for anyone who doesn’t hold a meaningful amount. There are many factors, of course, that could impact the gold price in both the short and long term,” he said.
Clogau gold = PREMIUM PRICE
GOLD GOLD GOLD