Scotland mine to pour first gold by end of November
The Cononish gold and silver mine, in Scotland, will pour its first gold by November 30, London-listed Scotgold reported on Friday.
In an update, the company reported that underground development activities and the critical path plant construction activities at Cononish had progressed well, while, at the same time, the Covid-19 safety protocols had been fully implemented.
Construction and development activities at Cononish were suspended between March 27 and June 15, owing to the coronavirus pandemic.
Located in the Highlands north of Glasgow, Cononish is Scotland’s first commercial gold mine. The project has faced several delays, with first production having been pushed out several times.
Cononish currently has estimated reserves of 550 000 t at a grade of 11.8 g/t gold which, at an average production rate of 23 370 oz/y, equates to a nine-year life-of-mine. The company said that there is the potential to increase this in the future.
With this in mind, Scotgold announced an expanded geoscience team.
The first of these is the appointment of Dr Simon Dominy as group manager - resources and reserves. Simon is a mining geologist-engineer with over 25 years of practical and management experience in project development.
Secondly, David Catterall has been appointed as exploration consultant to advise on the Grampian project, which is focused on identifying gold and base metal mineralisation within the highly prospective Grampian Terrane.
"The depth of our geological understanding of both Cononish and the Dalradian belt is obviously key to our long-term success and with the appointments made today, we are building a world class geoscience team to unlock the fantastic potential of this whole area and our significant land holdings in particular,” said CEO Richard Gray.
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