Cononish - BBC News: Scotgold boosted by bigger reserves

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JMB
50.2% (Neutral)
Newbie Topic Starter

10 years ago

BBC News is reporting

Quote:

The company mining for gold in the Highlands of Scotland has been boosted by a positive assessment of the potential reserves.

Scotgold Resources saw the share price rise steeply after publication of a new independent report, compiled under an industry code of practice.

It showed a 201% increase in the estimated amount of gold in the mining area near Tyndrum.

http://www.bbc.co.uk/news/uk-scotland-scotland-business-30930250

Martin Briscoe
Fort William

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John Lawson
50.2% (Neutral)
Newbie

9 years ago

Some more positive news on this mine!
We have mentioned previously that Scotgold would try and produce gold on site.
Apparently they have raised £500,000 for this project(new shares have been issued).
However they still need planning permission.
We will see what happens.