("Stellar Resources" or "the Company")
Stellar Resources (AIM: STG) advises that
In addition, GMOW have advised that they have received the initial report from its independent geological consultants who have been working for the past 8 months reviewing the project in terms of the geology and exploration aspects. The consultants were tasked with updating the geological model and identifying geological features synonymous with the known gold bearing reefs and combining these with available geophysical data to allow future exploration to focus on high priority drill targets both near the existing mines and along new territory's in the Dolgellau gold belt. It is anticipated that this report and its findings may be finalised and published before the end of
Pilot Processing Plant Update:
The Projects operator, GMOW, have also advised Stellar Resources that the recently acquired gold processing plant, that will enable the commencement of small scale pilot processing of gold, is undergoing provisional testing of its various components and it is expected to be fully operational at its new long term site over the following weeks.
The plant consists of a conveyor feed to an impact crusher and a rod mill coupled to a Wilfley table for final gold concentrate recovery. The plant, when finally commissioned, will enable the commencement of small scale pilot processing of gold ore previously extracted from the underground workings at Clogau.
Stellar Resources, through its 49% investment in
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James Caithie /
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This information is provided by RNS