July 17, 2008

Bright Future for Gold Mine

DRILLING at a Highland gold mine could be just a week away, it was revealed yesterday.

Aussie operators Scotgold will take delivery of specialist equipment to begin exploratory work near Tyndrum in Perthshire.

The machinery is on the way from Chile and will allow work to begin at the Cononish site.

Scotgold chief executive Chris Sangster said: "That rig is to arrive in Ireland today or tomorrow. We would hope to be drilling in the next week or so."

Scotland does not currently have a working gold mine.

The soaring world price has made mining here economically viable.

Scotgold are awaiting planning permission to extract pounds 70million of gold from the land, which is unmined.

Officials at Loch Lomond and the Trossachs National Park are expected to make a decision soon.

If it gets the green light, it will create 60 full-time jobs.

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