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rufenig
50.2% (Neutral)
Newbie Topic Starter

5 years ago

Rare Welsh gold hunt will see eight trenches dug in Snowdonia countryside
The hunt for rare Welsh gold has seen plans submitted to dig eight large trenches in the Snowdonia countryside.

Gold Mines of Wales is exploring areas to the east of the former Clogau gold mine near Bontddu,

https://www.dailypost.co.uk/news/north-wales-news/rare-welsh-gold-hunt-see-18270186

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BertyBasset
50.2% (Neutral)
Newbie

5 years ago

https://www.mindat.org/loc-186308.html

JohnnearCfon
50.2% (Neutral)
Newbie

5 years ago

Maybe the share price has been dropping too low recently. :lol::lol:

BertyBasset
50.2% (Neutral)
Newbie

5 years ago

"JohnnearCfon" wrote:
Maybe the share price has been dropping too low recently. :lol::lol:

Yes, I assume they'll have bore-holed the ground to death, so makes you wonder what 8 trenches will achieve.

speculator
50.2% (Neutral)
Newbie

5 years ago

Gold is at highest price for at least 5 years and with Covid on the scene they will all be getting their bucket and spade and chasing dreams for a little while. Like so many resources in sudden demand they will all see the hole in their bucket soon and go home again.

davel
50.2% (Neutral)
Newbie

5 years ago

Gold Mines of Wales were not the first to be doing this sort of thing ...

🔗120526[linkphoto]120526[/linkphoto][/link]

George Hall (in red sweater on right of group) carrying out 'geological investigations' near Dolgellau in July 2009.

Dave

JohnnearCfon
50.2% (Neutral)
Newbie

5 years ago

"BertyBasset" wrote:

Yes, I assume they'll have bore-holed the ground to death...

Doubtless the investors too!:lol:

John Lawson
50.2% (Neutral)
Newbie

5 years ago

Hi whilst you are correctly offering your pessimism over the chances of finding any useful welsh, gold. Please remember that we have at least two viable gold mines in the U.K. one at Coninish in Scotland and at least one other at omagh in Northern Ireland,
So whilst I might share your pessimism I think that it just possible that another mine might be found in North Wales.

TwllMawr
50.2% (Neutral)
Newbie

5 years ago

"John Lawson" wrote:
Hi whilst you are correctly offering your pessimism over the chances of finding any useful welsh, gold. Please remember that we have at least two viable gold mines in the U.K. one at Coninish in Scotland and at least one other at omagh in Northern Ireland,
So whilst I might share your pessimism I think that it just possible that another mine might be found in North Wales.

As one who’s won a few pennies in arcades but overall left such places poorer, could you define ‘viable’ please? I’m very i interested.

pwhole
50.2% (Neutral)
Newbie

5 years ago

#10

Is this the Omagh one?

I have a friend from Bangor in NI, and I'm sure she told me years ago that gold had been 'discovered' under the town, but I'm struggling to find anything - maybe it was this one she meant.

Is this one in the Republic going anywhere? I heard it mentioned ages ago in the news:

https://www.conroygoldandnaturalresources.com/news/news_releases

John Lawson
50.2% (Neutral)
Newbie

5 years ago

#11

Hi there are 2 potential gold mines i. Northern Ireland. The one that you highlighted is owned by Dalradian resources, and the other by Galantas. Both have the opportunity to make excellent mines!
However the Northern Irsih government is holding onto its measures of insisting that each delivery of explosives is accompanied by the police!
Since the mines have to pay for this Galantas has suspended all mining until the matter is resolved,
They recently have issued a statement showing what the results of their drilling program are and they look excellent.
In the republic as I understand it they are still looking for an opportunity to get a mine going!

John Lawson
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Newbie

5 years ago

#12

I am very happy to report that Galantas in their latest news report, emphatically state that they have reached a an agreement with the police service of Northern Ireland in respect to the mines use of explosives and as a direct result of this will beginning the milling of their ore stockpile.
Presumably this will be the start of a more gold mine in Ireland and help to sustain the miners and their families!

Digit
50.2% (Neutral)
Newbie

5 years ago

#13

Perhaps some locals know more than is in the public domain:-

"Gwilym Ephraim has been selling hens from his farm in Llanffestiniog in Gwynedd for decades but says there has been a huge rise in demand over the past few weeks.

"It's easier to find gold than hens at the moment," he said."

The above is an extract from :-
https://www.bbc.co.uk/news/uk-wales-52732470

~~~ The future is not what it used to be ~~~

somersetminer
50.2% (Neutral)
Newbie

5 years ago

#14

"JohnnearCfon" wrote:
Maybe the share price has been dropping too low recently. :lol::lol:

I think Johns take on it is the right one, in Wales at the moment its more about the shares than the gold.
There have been decent periods of high gold prices over the past decade or two that have seen underground mines start in Scotland and Ireland, if the interest was there
there would have been more action in Wales.

John Mason
50.2% (Neutral)
Newbie

5 years ago

#15

The difficulty in North Wales is in the pockety nature of the gold deposits - it is far easier to plan out and execute a mining operation if you have e.g. a lode with a strike length of a kilometre, with drill-confirmed continuity down to say 500 metres and a consistent gold grade of say 10 grams per ton of ore. By contrast, a lode that carries irregular pockets of much higher-grade ore, separated by low-grade or barren ground, requires a lot more technical work if a profitable mine is to be established, even at Welsh gold premium values.

Minegeo
50.2% (Neutral)
Newbie

5 years ago

#16

John is absolutely correct about the small, pockety nature of the gold mineralization, notwithstanding the fact that they share most of the features of orogenic gold veins. The other issue is processing - cyanide being the bug-bear here as without it recovery by gravity methods will be lower than it could be and flotation of a gold-bearing sulphide concentrate would require further on-processing with attendant loss of revenue and be restricted by small volumes. Yes - Welsh gold can work but only by artisanal methods and such skills do not exist in UK any longer.

John Mason
50.2% (Neutral)
Newbie

5 years ago

#17

I guess one potential bonus at Clogau will be the tellurides that accompany the gold, abundantly in many cases. If they can be recovered efficiently that would amount to a significant product-stream, given the high demand for tellurium these days. But again, a lot of technical research would be required.

Manicminer
50.2% (Neutral)
Newbie

5 years ago

#18

"Minegeo" wrote:
Welsh gold can work but only by artisanal methods and such skills do not exist in UK any longer.

Some of us have the knowledge and the skill

Gold is where you find it