SGZ scotgold resources limited

Good bye RMB

  1. 364 Posts.
    RMB once looked like Scotgolds route to production but of late they have been a burden with interest payments from a loan they gave for Scotgold to prove up the resource , which indeed it did do but it also delayed the project . Good bye RMB and the chain of the security that your loan brought with it .
    All options can now be followed up including a new resource estimate which will be realistic as opposed to the existing unrealistic negative resource estimate .

    It begins now !
    25/02/2013
    You will note that Nat le Roux didn't say Scottish Mine but did say "a significant Scottish gold mining industry."
    https://www.flickr.com/photos/93177156@N07/10627483824/
    Cononish is just the beginning.
    There will be more reserves uncovered from other local areas that is for sure, take Beinn Udlaidh for example , there is thought to be around 20 Breccia pipes in that area alone with over 30 discovered locally .
    A few samples below of whats to come:
    Coire Ghabhalach , best outcrop 21gt Au
    Craig Sheilach , best outcrop 13.3gt Au 18.6gt Ag
    Beinn Udaidh, 250m strike avg 2.23gt Au 5.3m best 2.8gtAu 358.5 Ag over 1m
    Tom a Chro , Vein outcrop 257gt Au 118gtAg, 6 boulders avg 88.1gt Au
    Arichastlich, Avg 7 boulders 37.5 gt Au
    Crusty's Vein , Best outcrop 15gt Au best boulder 15.6gt Au
    Crom Allt and Beinn Odhar , Best outcrops 13gt Au 89gt Ag
    River Vein , 4 outcrops-10gtAu best 145gtAu 47gtAg
    Halladay's Vein , Best outcrop 56.9gtAu 54gtAg Best boulder 399gtAu
    Kilbridge , 16 veins avg 11.3gtAu 15 boulders avg 24.5 gtAu
    Coire nan Sionnach , 250m strike avg 2.86gtAu over 4.4m
    Bog Showing ,Boulder 68.4gt Au
    All of these are within 10Km of each other or less !
    Scotgold have identified a number of high priority targets for follow up including:
 
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