Gold Mines of Wales - New Director of Operations

RNS Number : 2044C

Stellar Resources PLC

15 January 2015

 



15 January 2015

Stellar Resources plc

("Stellar Resources" or "the Company")

Gold Mines of Wales - Update

New Director of Operations.

Stellar Resources plc (AIM:STG) is pleased to announce the appointment of Dr Simon Dominy as Director of Operations of GMOW (Operations) Ltd ("GMOW"), the operator of the Dollgellau Gold Project, which covers the 120 km²  exploration license over the entire Dolgellau Gold Belt from the Crown Estates. The licence contains the historic Clogau St David's Gold mine, renowned as being the source of royal gold. 

Dr Dominy (FAusIMM, FIMMM, FGS, FSEG, FMinSoc, MCSM) is a mining geologist and geological engineer and brings over 25 years of international experience to GMOW across resource development, mine operations and minerals processing. He has extensive global expertise in the evaluation and exploitation of narrow vein, high-nugget mineralisation such as is found at Dolgellau. Over the last 10 years, he has held senior technical and management roles for the leading consulting group Snowden, both Australia and the UK.

Dr Dominy also brings specific Welsh gold experience having previous held a senior operational role with Welsh Gold PLC, which previously owned/operated the 5,000 tonne of ore processed per annum Gwynfynydd gold mine during 1990-1999. He has extensive experience across the entire Dolgellau gold-belt, having co-authored a number of scientific papers on geology and mineralisation in the region.

Don Strang, Chairman of the Company, commented:

"We are delighted with the appointment of Dr Dominy as Director of Operations of GMOW, as we head in to GMOW's proposed work programme for 2015, which (subject to Crown approval) will see the most active exploration programme in Wales since Stellar Resources' involvement with this project. He also brings a wealth of historical hands-on operational Welsh gold expertise of the Dolgellau gold-belt, which will be of immense benefit to the project."

Ownership:

Stellar Resources owns 49% of Gold Mines of Wales Limited, which in turn owns 100% of GMOW, the UK entity that holds the exclusive option over the exploration license from the Crown Estates.

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Enquiries:

Stellar Resources plc Donald Strang, Chairman	[phone]
Cairn Financial Advisers LLP James Caithie / Paul Trendell Public Relations: Square 1 Consulting Ltd David Bick/Mark Longson	[phone] [phone]

 

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