This was Turf Copper Mine which overlies the Coed y Brenin porphyry copper deposit which contains 200mt of 0.3% Cu with trace Au. RTZ , its discoverer, was refused permission in the early 1970s to work it by means of an open pit mine, due to it being within the Snowdonia National Park.
http://www.mindat.org/loc-4285.html provides the following summary of mineralisation in the vicinity of Turf Copper Mine:
"This location covers about a square mile of forest and rough country in the general area SH7425.
The pattern of the lodes is complex and over 30 adits and shafts are marked on the OS map. The most important lodes course northeast and southwest for about 900 yards and occur at surface in the Pen Rhos beds. Ore from these lodes carried chalcopyrite, pyrite and arsenopyrite in a quartz-calcite gangue. To the north another major lode striking in a more easterly direction carried gold in association with pyrite and chalcopyrite.
Perhaps the most interesting feature of the area is the "Turf Copper mine", where an accumulation of peat was found to contain high values of copper (some in the native state), with some being so rich that it was sent to Swansea for smelting in the condition that it was dug! Peat carrying less than two and a half percent copper was not considered worth extracting.
The total known output was around 1750 tons of copper ore from the "Turf Mine" between 1824-47, and 342 tons of gold ore giving 183 ounces of gold between 1854-65."