Last checked at 25 Jun 2014 07:00
25 June 2014
Stellar Resources plc
("Stellar Resources")
Gold treatment plant arrives at Clogau Gold Mine, Wales.
Stellar Resources (AIM: STG) is pleased to announce that the fully integrated 2 tonne per hour gold processing plant, recently purchased for the Clogau St David's Gold Mine ("Clogau") in North Wales, has now arrived at the mine site.
The plant will now go through the process of being constructed in modified facilities near the entrance to the Clogau Gold Mine prior to its commissioning.
This new treatment plant will enable the commencement of small scale pilot processing of gold ore previously exposed and stockpiled from the recently rehabilitated underground workings of the Clogau Mine and to more accurately assess and correlate underground sampling programmes with actual gold recoveries.
Stellar Resources, through its 49% investment in GMOW (Operations) Ltd, has an exclusive Option Agreement with the Crown Mineral Agents, acting for the Crown Estates, over the exploration license that covers an area of 120km² containing the entire Dolgellau Gold Belt. The licence contains the historic Clogau St David's Gold mine, renowned as being the source of royal gold.
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Enquiries:
Stellar Resources plc David Lenigas, Executive Chairman Donald Strang, Finance Director Ed McDermott, Operations Director
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+44 (0) 20 7440 0640 |
Cairn Financial Advisers LLP James Caithie / Paul Trendell Public Relations: Square 1 Consulting Ltd David Bick/Mark Longson |
+44 (0) 20 7148 7900
+44 (0) 20 7929 5599
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