Mon. Aug 19th, 2019

There be Gold in Them There Hills

It was reported on the WalesOnline website on the 6th August 2019 that miles of Welsh land, specifically the Dolgellau gold belt, samples of gold had been found in otherwise un-mined areas that were seperate to those that have been mined previously.

Initial soil samples have indicated a strike four times longer than Wales’ most prolific gold mine, Clogau – St Davids. The largest would be at 2km, the Cerys-Gwyneth anomaly would be four times larger than the anomaly associated with the main Clogau-St David’s mine.

Executive chairman, George Frangeskides of Alba Mineral Resources, a London based company that conducted exploration works across north Wales, was reported as to be “thrilled” with the initial findings.  

Alba states on it’s website that it sees more immediate potential by extending previously mined areas “as infill sampling has confirmed the continuity of an anomaly lying parallel to the Llechfraith adit and a major anomaly lying above historic Llechfraith workings.”

The company plans to drill a series of short holes to test the Llechfraith mine sequence, in which the Clogau shale is potentially up to 200m thick and where the ground is owned by Alba.

Frangeskides said:

“The fact that the Cerys-Gwyneth anomaly trend is four times the size of the anomaly over the Clogau Mine should need no further explanation”

“pushing forward with the work to re-open one or more of the historic mines for commercial production, as that represents a clear cash-flow generative opportunity for the company”.

With the first phase of mine safety works completed, Frangeskides said the next stage will involve identifying potential zones of unexploited gold for commercial production, whether from the planned underground sampling and clean-up operation or from drilling of the Llechfraith mine target.

“In the 1980s, visible gold was reported in the Llechfraith mine adjacent to westerly dipping greenstone intrusives along the lowest number 4 level, which is only about 30 metres below the Llechfraith adit entrance.

“Despite that, only very limited further work was done in the area and, as such, this represents one of the best opportunities for the discovery of economic deposits of gold.”

 

A Similar Story

 

We in Wales, I think, should be quite angry about this. Who is this benefiting exactly? Judging by the quotes above it’s not going to be Wales, but the company that is based in another country.

I’m all for mining operations in Wales provided it would be of benefit to Wales, but this is another example of Wales being asset stripped to line the pockets of a few individuals in London. Wales should be the one that benefits from the exploitation of our resources.

But this is the same story that has been told in Wales for generations. The story where Wales is ignored, is taken for granted and is used so others can benefit, just like our coal which was stripped to prop up the now crumbled British empire.

Independence can put a stop to these acts of neglect once and for all. Wales can be that which reaps the rewards of its own labour.

Let’s make it happen!

 

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