LONDON (ShareCast) - Shares in Stellar Resources sparkled after the gold miner said it was reviewing the results of a study of a mine known for providing gold to royals.
The stock gleamed 0.16p or 45.8% to 0.52p at 14:13 in London after Stellar said it had received the latest gold assay results from an underground sampling programme on the Tyn n Cornel section of the Clogau St David's gold mine.

"Results are currently being evaluated and are expected to be reported by the end of this week," the group said in an update.

Stellar said it had also received an initial geological report, which may be finalised and published before the end of this month.

It added that it expected a recently acquired gold processing plant to be up and running at its new long-term site in the coming weeks.

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 covering 120 square kilometres containing the entire Dolgellau gold belt, which includes Clogau St David's.

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