Business Financial Newswire - Scottish explorer, Scotgold Resources is encouraged by recent drilling results and says that infill drilling into the main vein above the 400' level continues to encounter high grades and excellent widths of gold and silver mineralisation.
Drilling results from the Eastern Extension have encountered additional mineralisation below the 400' level, where a westerly plunging payshoot extends over 300 metres beyond the eastern boundary of the previously defined JORC resource.
The Company is now focusing its drilling activities at the Beinn Udlaidh prospect north of Cononish, where gold mineralisation was recently discovered in a number of breccia pipes.
CEO, Chris Sangster says:"We consider the drilling results to date at Cononish as highly encouraging and supportive of the Company's plans to become Scotland's first modern commercial gold mine.
"The Resource Infill and Eastern Extension drilling program is an essential part of the mining development and production schedule for the Cononish project.
"A major step in this schedule is a decision by the Loch Lomond and The Trossachs National Park on the Company's application for Planning Approval, which is expected during August."
Story provided by StockMarketWire.com
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