Quite a few metalliferous lodes in the vicinity - the one worked as Moelwyn is an obvious example. Another lode was cut by the road up to the Stwlan dam - this one not apparently worked. Found a section of an 8-inch rib of galena/sphal/chalcopyrite in the debris there many years ago. Pyrrhotite pyrite and arsenopyrite also present - rather typical assemblage for the Snowdon Caldera and surroundings. Such occurrences stretch from the Carneddau to Nantlle, down to Porthmadog, across to east of the Manods and back to the Carneddau.
The mineralisation is always recrystallised due to the slate-belt deformation, which distinguishes it from the stuff of the Llanwrst Orefield - again a lot more extensive - which overprints both the Caldera mineralisation and that of the Dolgellau gold belt by forming coarsely crystalline cross-cutting veins carrying calcite, marcasite, sphalerite, galena, quartz etc.
How the Caldera and gold belt mineralisation are related, if at all, is unclear. Some similarities but some differences. Both pre-date the deformation, whereas the Llanwrst stuff post-dates it. High time an exhaustive Pb isotopic study of the whole lot was undertaken!