Scotgold Resources Limited (LON:SGZ)


Scotgold Resources Ltd is an organisation centred on developing its Cononish Gold and Silver Project in the Scottish Highlands. Scotgold was established as an Australian organization in 2007, and the company's shares were listed on the AIM market in 2010.

The Company is additionally centered around the investigation of apartments, including the Grampian Gold Project. The Grampian project is centered around recognising gold and base metal mineralisation inside the Grampian Terrane. The Grampian Gold Project involves around thirteen Crown Option arrangements adding up to roughly 2,900- square km across Scotland and covers a portion of the spaces of the Dalradian geographical succession in the UK. This grouping expands toward the west from the United Kingdom toward the eastern seaboard of Canada and the Appalachian belt in the United States, and the east into Sweden.

The company is centred around improving its high-grade Cononish Gold and Silver Project in the high Scottish countries and investigating exceptionally close apartments in the Grampian district of Scotland (the Grampian Gold Project). These resources are held through Scotgold's 100% possessed UK auxiliaries, worked through the organization's UK-based supervisory crew, and managed by the transcendently UK-based Board of Directors. Cononish has an asset (gauge as per the JORC Code 2012) in the measured, indicated, and inferred classifications of 541,000 tons at 14.3 g/t Au and 59.7 g/t Ag and Proven and Probable Reserves (JORC 2012) of 555,000 t at 11.1g/t Au and 47.7g/t Ag for 198,000 Oz’s of gold and 851,000 Oz’s of silver.

Cononish went into initial production in May 2016 to charge the Bulk Processing Trial plant utilising metal from its reserve, forthcoming financing of the entire task. The BPT, a pilot-scale preparing preliminary that meant to exhibit the attractiveness and benefit of Scottish gold creation from Cononish, effectively delivered the principal economically created gold in Scotland. An extent of the gold produced as dore on location through gravity strategies was either stamped as dedicatory adjustments or offered to the gems business. Its provenance ensured by the Edinburgh Assay Office commanded a critical premium to the then spot cost. Of late, the Company has led a few "direction" overviews to survey the adequacy of different investigation procedures when tested over the known Cononish orebody. Thus, programs comprising of the Ionic Leach of soil and stream residue tests, trailed by ground geophysics, are presently being directed over recently distinguished imminent regions to further develop definition before the initiation of drilling.

Contact Information

company address Scotgold Resources Limited Torbay, Unit 4 189 Stirling Highway NEDLANDS, WAS 6009 Australia

company phone+61.8.94633260

company website

Similar Companies

Top LSE Listed Companies