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Volume 502.1K
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stellar resources plc (STG) Snapshot

Open
0.30 GBp
Previous Close
0.30 GBp
Day High
0.30 GBp
Day Low
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52 Week High
09/15/14 - 1.35 GBp
52 Week Low
12/10/14 - 0.25 GBp
Market Cap
2.3M
Average Volume 10 Days
1.7M
EPS TTM
-0.0019 GBp
Shares Outstanding
762.5M
EX-Date
03/16/05
P/E TM
--
Dividend
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Dividend Yield
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Current Stock Chart for STELLAR RESOURCES PLC (STG)

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stellar resources plc (STG) Details

Stellar Resources plc invests in the exploration, development, and production assets in the minerals and hydrocarbons sector in the United Kingdom. It primarily explores for gold, silver, and copper. The company, through its 49.9% interests in Gold Mines of Wales Limited, holds an exploration licence to explore 120 square kilometers of the Dolgellau Gold belt in North Wales. Stellar Resources plc was incorporated in 1999 and is based in London, the United Kingdom.

3 Employees
Last Reported Date: 06/28/14
Founded in 1999

stellar resources plc (STG) Top Compensated Officers

Executive Chairman, Finance Director, Secreta...
Total Annual Compensation: 50.0K GBP
Compensation as of Fiscal Year 2013.

stellar resources plc (STG) Key Developments

Stellar Resources plc Appoints Dr. Simon Dominy as Director of Operations of GMOW (Operations) Ltd

Stellar Resources plc announced the appointment of Dr. Simon Dominy as Director of Operations of GMOW (Operations) Ltd, the operator of the Dollgellau Gold Project, which covers the 120 km2 exploration license over the entire Dolgellau Gold Belt from the Crown Estates. Over the last 10 years, he has held senior technical and management roles for the Snowden, both Australia and the UK.

Stellar Resources Announces Update of Gold Mines of Wales

Stellar Resources announced that GMOW (Operations) Ltd. (GMOW), the operator of Stellar Resources gold joint venture in Wales, has advised that it has received an Independent Technical Review from SRK Consulting (UK) Limited (SRK) for the 120 km2 the exploration license issued by the Crown Estate, that covers the entire Dolgellau Gold Belt, North Wales, UK, and which focuses on the close surrounding area of the historic Clogau St Davids underground gold mine. The license contains the historic Clogau St David's, Gwynfynydd, and Castell Carn Dochan Gold mines, mines renowned as being the source of royal gold. Stellar Resources, through its 49% investment in GMOW (Operations) Ltd, has an exclusive Option Agreement with the Crown Mineral Agents, acting for the Crown Estates, over the exploration license. In addition to updating the geological and the Clogau Gold mine model, SRK was also tasked with identifying the geological and structural features synonymous with auriferous (gold bearing) reefs and combining these features with the available geophysical data to allow future exploration to be focused and prioritized on ranked high-priority gold targets, both near-mine and in virgin territory along the 25 km of strike of the Dolgellau gold belt. SRK conducted a field mapping programme on the ground over an area of 3 km2 concentrating around the Clogau Gold mine, and focused their efforts on the potential for identifying lateral and vertical lode extensions in addition to auriferous satellite lodes parallel to the main structure. Field mapping targeted the lithological contacts observed on the British Geological Survey (BGS) 1:50,000 geological map of the area, particularly in relation to the igneous intrusions, as well as to identify any potential satellite lodes from quartz vein exposures. Accurate mapping of these geological features was deemed essential as the two principal controls on gold mineralization and gold ore-shoot formation are directly related to the local stratigraphy and structures. It should be noted that the mineralization within the license area has a high nugget effect, resulting in a somewhat erratic distribution of gold grades and commonly low continuity of mineralization, which presents a challenge in exploring, modeling and estimating the gold present without combined methods of exploration and detailed sampling of favorable geological structures for localizing the presence of gold. In the light of the large number of regional and local-scale exploration targets generated by this recent review, the Company in consultation with SRK is currently developing a detailed exploration programme and budget for 2015 and beyond to assess the potential for the Clogau Gold mine and the overall Dolgellau Gold Belt. It is envisaged that this will be completed within a few weeks and will conclude with a clear and structured exploration programme of the license area. The exploration will comprise but not be limited to the following activities: An underground 3D mine survey; Geological and structural mapping at surface, incorporating top of bedrock sampling where possible; Underground geological and structural mapping; Underground Channel sampling; 3D Geological Modelling; and Definition of drilling targets.

Stellar Resources PLC Announces Gold Assay Results on Clogau Gold Mine, Wales

Stellar Resources PLC announced that GMOW (Operations) Ltd, the operator of Stellar Resources gold joint venture in Wales, has advised 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. A total of 10 out of 55 assays returned grades of over 200 grams per tonne gold (g/t Au or ppm), with 6 results returning greater than 300 g/t Au and the higher result returning 435 g/t Au; average grade of samples from known underground stoping areas graded between 31-125 g/t Au; and overall average of all samples was 67.3 g/t Au (2.2 ounces/tonne of gold). Overall, the total sample batch of 55 samples collected from the ground beneath the stopes in the Tyn n Cornel section of the Clogau St David's Gold Mine in north Wales averaged 67.3 grams per tonne gold (g/t Au or ppm Au) (2. 2oz/t), with grades up to 435 g/t Au. The areas sampled included the previously grab sampled areas of the Tyn n Cornel level of the Clogau Mine, namely 'the Main Lode, Ned Pughes, Old Chutes and the John Hughes ore bodies. Sampling was also extended into the 710 drive south of the Clogau's Main Lode system and also into the nominally waste areas of the southern extension of the Tyn n Cornel adit. A total 10 x 25kg samples each were selected from each of the underground stoping areas NP, JH, OS, ML, TMP and a additional 5 x 25kg samples were similarly selected from the development drive area within TR. These sample lots were individually split and 1kg samples taken from each to provide a total of 55 x 1 kg samples.

 

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