Scotgold has predicted that jewellery buyers will pay a premium for gold from the firm’s Cononish mine near Tyndrum, where production is set to begin in early 2014. 15 to 20 major Scottish jewellers had shown an interest in the mine, which will be capable of producing around 5,000 ounces of gold a year.
Chairman John Bentley urged Scottish institutional investors to “put their hands in their pockets” and support the project, which will be Scotland’s first commercial gold minehe firm has other prospects in Argyll and Bute, including the River Vein area and Sron Garbh, where it has encountered some “very interesting” signs of platinum, although chief executive Chris Sangster stressed this work was at a very early stage He said: “The level of geological data in Scotland, and probably the rest of the UK, is worse than Burkina Faso, Ghana or Mali. Geophysics for the UK was done in 1955, and we suffer from a lack of fundamental data.”
Chairman John Bentley urged Scottish institutional investors to “put their hands in their pockets” and support the project, which will be Scotland’s first commercial gold minehe firm has other prospects in Argyll and Bute, including the River Vein area and Sron Garbh, where it has encountered some “very interesting” signs of platinum, although chief executive Chris Sangster stressed this work was at a very early stage He said: “The level of geological data in Scotland, and probably the rest of the UK, is worse than Burkina Faso, Ghana or Mali. Geophysics for the UK was done in 1955, and we suffer from a lack of fundamental data.”
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