Cononish Drilling;Phase 12.00m @ 13.95 Au & 47.6 Ag2.42m @ 14.21...

Cononish Drilling;

Phase 1

2.00m @ 13.95 Au & 47.6 Ag

2.42m @ 14.21 Au & 39.7 Ag

3.34m @ 27.21 Au & 44.1 Ag

First 3 results have produced an average grade of 19.74 g/t Au & 42.63 g/t Ag per meter.

On 31/07/12 the company said "Results from the remaining 5 holes are awaited".

These 5 holes where completed by 20/06/12 , if you allow 1-2 weeks for our geologist's to interpret the last drill core and 6-8 weeks for results to be returned from ALS in Ireland and a further 1 week for them to be checked and written into an RNS then you are looking at the end of August at least before we see the results from Cononish .

Phase 2

The current 5 drill program should be complete by late August / early September given that the drill rig was moved to it's current location on 20/06/12.

Phase 3

Currently under investigation

Grampian Gold Project:

Regional fieldwork including ongoing stream sediment sampling continued over the Inverliever, Cononish, Glen Orchy and Glen Lyon licence areas.

Inverchorachan

An initial phase of AQ drilling was carried out at the Inverchorachan prospect near Loch Fyne and results are awaited.

Sron Garbh

Four further holes were drilled at the Sron Garbh 'magmatic' Cu / Ni / PGE / Au prospect and results are awaited.

Scotgold own there drill rigs , employ there own drill crews and have an excellent management team and some very experienced Geologists and field operatives , anyone who thinks nothing is happening because they don't see an RNS shouldn't worry , this company is very well run.

I have been doing further research through the BGS site and various others and I am awaiting further response's from my enquiries .

RTZ ( Rio Tinto ) carried out a lot of work in Scotland . Rio Tinto have left a large archive of material at the BGS from their UK exploration activities. This was donated in 2004 to 2006 and is in various stages of being catalogued.

Rio Tinto have found over 50 g/t Au and over 8% Copper in the 70's & 80's in Scotland ,Rio Tinto did not follow up due to low gold prices at the time.

Scotgold are sitting on 3,200 km2 of License for a very good reason !