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Mine Exploration Forum

Author Dolgellau Gold Belt report
NouveauRiche

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Joined: 26/01/2016
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Dolgellau Gold Belt report
Posted: 01/07/2016 17:04:23
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Another news bump in the potential for Clogau to start re-mining for gold in Wales out today.

http://www.stockhouse.com/news/press-releases/2016/07/01/competent-person-s-report-on-dolgellau-gold-belt

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"Who dares nothing, need hope for nothing." - Johann Friedrich Von Schiller
IP: 147.143.12.241
somersetminer

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Joined: 19/05/2012
Location: Bristol

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Dolgellau Gold Belt report
Posted: 01/07/2016 20:43:16
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Gold Mines of Wales/Stellar Resources have put out stuff like this before, they are not interested in actual mining, merely increasing the value of what they have IP: 86.26.238.194
John Lawson

Joined: 09/12/2010
Location: Castle Douglas Dumfries & Galloway

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Dolgellau Gold Belt report
Posted: 02/07/2016 21:19:43
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I would imagine getting planning permission for an actual mine, together with the necessary, ore treatment plant would be very difficult.
My guess is they will try and do a little drilling to see what is their pach, then wait to find out how the proposed mines in Northern Ireland get on, and also how Scotgold, have progressed at Coninish.
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ChrisJC

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Joined: 13/10/2007
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Dolgellau Gold Belt report
Posted: 02/07/2016 21:32:28
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I notice that the PR person is called David Bick.

Chris.
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Boy Engineer

Joined: 20/06/2008
Location: Derby

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Dolgellau Gold Belt report
Posted: 03/07/2016 08:20:15
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ChrisJC wrote:

I notice that the PR person is called David Bick.

Chris.

Not THE David Bick though, as he's gone to better things.....
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Minegeo

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Joined: 17/06/2008
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Dolgellau Gold Belt report
Posted: 04/07/2016 12:18:15
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What the RNS says is practically nothing other than what everybody already knows - yes there were gold mines here, yes some gold was produced and yes there is potential for finding hitherto undiscovered veins. No new information whatsoever.

Pretty pointless RNS actually.
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BertyBasset

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Joined: 13/12/2007
Location: Caernarfon, North Wales

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Dolgellau Gold Belt report
Posted: 04/07/2016 13:52:30
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Assuming they are doing diamond drilling to extract cores, I wonder how efficient this is for vein deposits? Surely you need to be lucky enough to hit a vein, unless you're just doing it on known veins? Or your drill holes are insanely close together? Unless a preliminary geophysical survey is done first to identify drill zones?

With a disseminated deposit like Parys, I can see the value.
IP: 217.9.203.195 Edited: 04/07/2016 13:52:58 by BertyBasset
Minegeo

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Dolgellau Gold Belt report
Posted: 04/07/2016 14:35:46
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The RNS does not commit them to drilling - its states:

"The success of the new exploration will depend on sound geological knowledge and the application of a detailed systematic exploration programme. SRK ES recommends that this should include stream sediment sampling, geological mapping, soil sampling, hand auger drilling and geophysical surveying, and considers the drilling targets could be provided within a 10 month period as a cost of £350,000 - 400,000. Following this, if the necessary planning and environmental permissions can be secured by GMOW, diamond drilling could be undertaken to support the presence of a potential deposit."

The budget stated would not get them very far down the road to defining and delineating a vein deposit to a qualified resource let alone reserve category.

It is all very speculative and exploration at the very basic levels has not even commenced yet.

Good luck to them but it will need a budget in the tens of millions to get to a mineral reserve statement.
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NouveauRiche

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Dolgellau Gold Belt report
Posted: 04/07/2016 15:37:31
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Interesting discussion. I know very very little about any of this and am only new to mine exploration and all its associated variables since last November. I just happened across it and thought some people might take interest SmileSmileSmileSmile

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skippy

Joined: 30/03/2008
Location: Shropshire

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Dolgellau Gold Belt report
Posted: 17/08/2016 20:31:05
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Well if they are heading for Clogau - I was there with Jack Williams many years ago when he showed me the rich pillar under the creek. And told me it was the only place you'd get any grades. Methinks - they are mining shareholders... Gwynfyndd maybe a bit different - there's still plenty Au down there, but processing it - in a stream where they are protecting bloody shrimps from the folk who want to pan for gold?????????

Pete

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droid

Joined: 31/10/2010
Location: Tamworth

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Dolgellau Gold Belt report
Posted: 18/08/2016 18:18:32
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Looks like the overblown prospectuses quoted in Bick's 'Old Copper Mines of Snowdonia'.... IP: 209.93.131.137
BertyBasset

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Dolgellau Gold Belt report
Posted: 18/08/2016 23:51:30
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Surely they aren't painting adit walls with powdered gold? Are they ? IP: 86.155.145.55
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