UC News

How Much Gold is Buried in Scotland’s Mountains?

How Much Gold is Buried in Scotland’s Mountains?

Scotland may be facing its biggest gold rush since 2000, as experts hail recent finds of valuable deposits in the region.

Gold hunters are set to start drilling for deposits valued tentatively at £300 million after recent finds of the precious metal in Scotland, with experts warning that the region might be heading towards a frenzied gold rush, reported the Daily Star.

Erris Resources, a mineral consulting and exploration company, has hailed the “excellent potential” of areas around Perthshire, as samples from the historic mine at Ardtalnaig showed the presence of gold, silver, lead and zinc.

In yet another encouraging find, two “high-grade” samples of gold were found by the company in Glen Almond.

“[We are] targeting 250,000 oz gold, which is a similar scale to the Conon-ish resource where a gold mine is expected to be in production soon. The early success in locating new outcropping high-grade gold mineralisation is very encouraging as the company prepares to explore the area,” said Anton du Plessis, Erris Chief Executive Officer.

The official added:

“New results received and further fieldwork carried out when weather permitted over the past month have been very successful in expanding the gold potential of the project’s key targets, Ardtalnaig and Glen Almond.”

The recent finds feed into the speculation that the region could be on the brink of its largest gold rush since 2000, when rumours of valuable deposits sparked frenzied activity.

Побережье Шотландии

Last July, a University of Leeds team discovered a 10g gold nugget in Glen Almond, near Ardtalnaig, while the same project also found 77 fine grains of gold while panning further downstream in the surrounding area.

News of the discoveries spread like wildfire, with police called in last April to apprehend alleged gold prospectors panning for nuggets at the Birks of Aberfeldy.

Gold nugget

In 2019, Erris Resources signed an option to buy 80 percent of a project aimed at exploring two sites on the south side of Loch Tay, between Kenmore and Killin, with the area being considered for gold mining covering 237 sq km (91.5 sq miles).

​GreenOre, which has signed the investment with Erris Resources, has already carried out sampling of rock at the sites located 40km from Scotgold's mine at Cononish near Tyndrum, which is close to starting production.

Open UCNews to Read More Articles



This is already written in our sacred book that a mountain of gold will be found and people will start to fight for this treasure

1 Months ago

Read More Comments