Strip Tinning Share Discussion Threads

[temmujin] 09/6/2015 10:13

bought more in the summer sale

[temmujin] 09/6/2015 00:39

WALES could be set for a gold rush after untapped reserves were detected in an abandoned mine which produced the metal for Kate Middleton’s wedding ring.

In 2010 the Crown Estate gave limited company Gold Mines of Wales (GMW) an exclusive option to search 120 square kilometres of the Dolgellau gold belt, much of which sits in Snowdonia National Park.

Since the 1860s, the area has intermittently produced the largest quantity of gold from any region in the United Kingdom, but there has been no commercial mining in the belt for over a decade.

Now Stellar Resources, which owns a 49% share in GMW has announced that it has received “significant gold assay results” from the latest underground sampling programme conducted on the Tyn n Cornel section of the Clogau St David’s Gold Mine, Wales’ most famous mine.

From a total of 55 samples taken from the mine they returned average gold grades of 67.3 grams per tonne with six results returning greater than 300 grams per tonne of gold.

The highest result recorded 435 grams per tonne, or roughly £10,000 worth of gold per tonne according to current market prices.

Donald Strang, chairman of Stellar Resources, said: “These are encouraging gold grades from the Clogau Mine and this work clearly demonstrates the potential of the area.”

Welsh gold is one of the world’s most coveted precious metals and has been used for the rings in many royal weddings, including the marriage of Prince William and the Duchess of Cambridge.

In 1923, the royal ring was fashioned from a gift of gold from the Clogau St David mine, with enough left over for the weddings of The Queen in 1947 as well as those of the late Princess Margaret, the Princess Royal and the 1981 marriage of Prince Charles and Diana.

The stock of the original Clogau gift is believed to be almost exhausted, having been replenished over the years with donations from several other Welsh mines.

Welsh jewellery firm Clogau Gold, which used to source its gold from the St David’s mine in Bontddu, Snowdonia, has previously said that re-opening the gold belt could help save their business.

Since St David’s closed in 1998 the company has been relying on an ever-reducing finite stock of gold for its jewellery.

In 2012 a report commissioned by Gold Mines of Wales suggested that gold valued at around £125m could still be buried underground, untouched in the Dolgellau gold belt.

The company has subsequently had plans approved to build a small processing plant in North Wales in order to assess whether the area could once again be mined on a commercial scale.

Speaking earlier this year, David Lenigas from Stellar Resources, said: “We will continue the exhaustive work of re-opening the extensive underground workings and assessing the best method of potentially commencing trial mining operations in the district.

“Some of the underground areas opening up during 2013, as previously announced, have the potential to form the basis for a phased re-start of commercial mining operations at these famous mines and we will be working closely with our partners and local authorities on how best to achieve this.”

On Friday, Donald Strang said the company would be reporting further results from an independent geological survey over the Dolgellau Gold Belt and announcing the commissioning of the pilot processing plant “over the coming weeks.”

[temmujin] 08/6/2015 23:56

grammar school lad though..top form

[pug151] 08/6/2015 23:51

Temmujin is a well known halfwit.

[yajnas01] 08/6/2015 12:22

anyway even if the gold came through... so what.

is it really that valuable?

probably have some dodgy mismanagement and failure to deliver from the BOD anyway.

still though even 1p on the share price for the gold project would be welcome relief!

[daicaprice] 08/6/2015 11:53

I am expecting a holdings RNS this week of approx 30m shares.

DC

[temmujin] 08/6/2015 11:29

ok we will see who is right come friday latest

[yajnas01] 08/6/2015 10:04

interesting... very confident posting there temmujin!

we will definitely see. obviously your posts will look quite funny if we don't get the permits!

how did you get the info?

[temmujin] 08/6/2015 08:58

gold news imminent..youve been warned!

[temmujin] 08/6/2015 08:58

this baby is going to be huge...cant believe spreadex have dropped it from their list...must know something

[temmujin] 08/6/2015 03:24

this week by all accounts

[yajnas01] 07/6/2015 23:45

Gold licences - how long would this take? People were saying imminent... Are we saying a month or a year? I was in here for gold ... Anyone with an understanding with permits processes?

[temmujin] 06/6/2015 14:07

So now will the market give UKOG any credit for hiring Schlumberger?
Well if it doesn’t then we should all turn the lights off and go home.

The news today is so incredible on many levels.

For UKOG, by any standards a minnow oil company, to have secured the services of Schlumberger is in itself pretty incredible, but for Schlumberger to have allowed UKOG to released today’s Petrophysical Evaluation on Horse Hill is even more impressive.

What Dave Lenigas has said by hiring Schlumberger to conduct their independent assessment of Horse Hill, is,,,,,,,,,

“Look, I am highly confident of the technical reservoir assessment work undertaken by NUTECH and Xodus on Horse Hill, but it would be nice to get another opinion and I we would like Schlumberger to do that, not because we have any issue with NUTECH and Xodus but because of the magnitude of what we have here. This is potentially a major oil system, that has huge consequences for the British government and that they must take Horse Hill and the Weald Basin seriously and that the oil play itself is so interesting that it warrants investigation by Schlumberger’s Unconventional Resource Group and because Schlumberger is such a highly respected oil and gas petroleum geoscience company, and the Weald Basin-Horse Hill discovery is such an extremely interesting oil system, this combination justifies the highest level of professional attention and intervention by an expert such as Schlumberger.”

Summary
Later today I will write up an assessment of the Schlumberger report and what it means. But for now, anyone who is considering shorting UKOG and indeed any of the Horse Hill consortia, please think again, you would have to be certifiably insane to do so.

If Andy Samuel the CEO of OGA is reading this, then Andy, please pick up the phone to Dave Lenigas and open up a discussion…230;.. a proper discussion about the Weald Basin,,,,,,,,,,,,,he has bowled you a googly and you should work out how to play it.

Further, NUTECH this morning must feel vindicated in their early assessment of Horse Hill now that even Schlumberger confirm the volumes, which they say are even bigger!!!!!!!

And for those reporters that might want to have a go at Dave Lenigas, just have a think. This is an entrepreneur, someone that has got stuck in and made something happen, it is businessmen like this that have made Britain great and we need more of them and we need to encourage them and support them if we are to succeed as a nation.

The Weald Basin has the potential to generate billions of pounds of tax revenue to help fund schools, hospitals, create jobs and provide the UK with much needed energy security. We should remember that and we should also remember that this is a conventional oil play, a tight oil horizontal well recovery system technique to enable oil production, its not fracking.

The Weald Basin needs the support of the community, enabling its development could unlock huge wealth for the country and help fund many great positive environmental projects across our great land.

Andre Brand

[big7ime] 05/6/2015 16:18

Biggest Buy signal ever - Stigologist is bashing


Lol

[daicaprice] 05/6/2015 13:32

A buy order being filled at .65p I suspect, it may move up after its filled.

DC

[temporarily insane] 05/6/2015 10:58

Looking desperate Stig! Lol

[corrientes] 05/6/2015 10:56

Standard issue

[big7ime] 05/6/2015 09:20

What'd I say


Stellar Resources Plc - New Thread for 2014 * - STG
Big7ime - 04 Jun 2015 - 23:40:19 - 5478 of 5484
One things for sure, if it's great news the PIs all pile into Ukog, leaving the real opp and plenty of time to pick up the real bargain with STG



Just got be patient here until the penny drops..

[big7ime] 05/6/2015 08:55

The flow test if positive will bring in the serious money and a Farm out. That's when this will multi-bag

For now, if ukog is fairly valued STG is well well undervalued and will catch up

[12bn12bn] 05/6/2015 08:16

yet another flash in the pan!