rufenig
  • rufenig
  • 50.2% (Neutral)
  • Newbie Topic Starter
6 years ago
Gold was found across a 9km stretch of the Dolgellau gold belt. Miles of land has been discovered to contain Welsh gold.

Alba Mineral Resources have been exploring in north Wales looking for rare Clogau gold.

And the company have found gold samples in the ground across a 9km stretch of the Dolgellau gold belt.

The largest one of these, Cerys-Gwyneth, was 2km long, which is four times longer than the legendary Clogau-St David's mine which has produced the largest quantity of gold from any region in the United Kingdom.


https://www.walesonline.co.uk/business/business-news/gold-wales-mines-welsh-alba-16715755 
John Lawson
6 years ago
Hi, as understand it Alba’s resource’s statement is of a preliminary nature!
They still have to get diamond core drilling these suggested ore bodies.
When they have carried out the drilling and evaluated these then we might be in a position to hope for new mine in the area!
John_Smith
6 years ago
All of this is from surface soil samples which only confirms that there is gold in the area. We knew this already because there was already gold mining going on. This is generally something that you do when you turn up to a totally unexplored area to see what might be there in the sub-surface before you go and mine it.

Just because you find a sample of gold in the surface soil does not mean that there is gold directly underground at that location, or that gold still exists in the area since this area was already mined extensively. This area was glaciated, which eroded all the surrounding bedrock (containing some gold) and spread this signature over the region (but concentrated in the local area), incorporating this into what now exists as surface soil. Chances are that these results represent the remnant gold signature of the vein which has already been mined out by the historical workings. Or you can roll with your story and take a small amount of evidence and blow it up on a big scale.

As someone who knows about geology and sampling - saying that there is a massive amount of gold from soil samples is pushing it. I certainly wouldn't dare make a claim like that.
Peter Burgess
6 years ago
If there is so much of it then its not rare.
rufenig
  • rufenig
  • 50.2% (Neutral)
  • Newbie Topic Starter
alex17595
6 years ago
share prices up 10%, I knew I should have brought some yesterday :lol:
joso
  • joso
  • 50.2% (Neutral)
  • Newbie
6 years ago
The pump and dump is the foundation of British mining. The Taylors and Francises would be proud!
JohnnearCfon
6 years ago
"joso" wrote:

The pump and dump is the foundation of British mining. The Taylors and Francises would be proud!



Are you referring to minerals or money?
joso
  • joso
  • 50.2% (Neutral)
  • Newbie
6 years ago
Shares/money
RAMPAGE
6 years ago
I didn't know Gold and Rare Gold were different.

I'll update my Periodic Table.
Beneath my steely exterior beats the heart of a dashing hero
staffordshirechina
6 years ago
It must be one of them "rare earths" that they talk about?

So rare that nobody has found it yet....
legendrider
6 years ago
"staffordshirechina" wrote:

It must be one of them "rare earths" that they talk about?

So rare that nobody has found it yet....



Uo - Unobtainium

MARK
festina lente[i]
moorlandmineral
6 years ago
Rare earths are actually quite common!!;D
Well some are
JohnnearCfon
6 years ago
It seems that 2019 is the international year of the periodic table!

https://www.bbc.co.uk/news/science-environment-49409055 

Disclaimer: Mine exploring can be quite dangerous, but then again it can be alright, it all depends on the weather. Please read the proper disclaimer.
© 2005 to 2023 AditNow.co.uk

Dedicated to the memory of Freda Lowe, who believed this was worth saving...