TIP: Prefer desktop view on phone? Use the view switcher at the bottom of the mobile view

Scotgold Resources Says Progress Made At Cononish, Grampian Projects

Mon, 3rd Aug 2015 07:25

LONDON (Alliance News) - Scotgold Resources Ltd shares were trading higher Monday morning after the company reported good progress in the past quarter on the Cononish gold project in Scotland.

Scotgold said the ore reserve estimate for Cononish was upgraded in the quarter to the end of June and said the bankable feasibility study for the project is now complete and awaiting final sign off by the consultants working on the project.

It is considering a range of parallel financing options in order to secure the necessary capital to bring the project into production.

The company is also awaiting the results of the structural and geochemical survey being conducted at the Grampian gold project, also in Scotland.

Scotgold shares were up 9.9% to 0.8241 pence in early trade, one of the best performers in the AIM All-Share.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

Related Shares

More News

Scotgold upbeat on recent testing at Cononish and Grampian

(Sharecast News) - Scotgold updated the market on its exploration activities on the Cononish Project and Grampian Project in Scotland on Monday, reporting that new zones of interest had been identified for possible extensions to the Cononish orebody.

1 Apr 19 14:48

Scotgold Resources Agrees Further Loan To Support Cononish Development

LONDON (Alliance News) - Scotgold Resources Ltd on Tuesday said it has agreed a GBP1 million increase to its loan with Bridge Barn Ltd, a company owned and controlled by Scotgold Chair Nathaniel a

26 Feb 19 14:42

National Park Authority gives Scotgold the go-ahead at Cononish

(Sharecast News) - Scotgold Resources has received confirmation from the Loch Lomond and the Trossachs National Park Planning Authority (NPA) that all of the 19 pre-start conditions and other obligations, relating its planning application '2017/0254/MIN', had now been discharged, it announced on Wednesday.

19 Dec 18 11:26

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 21 NovemberSCS GroupFinsbury Food GroupThursday 22 ThorpeJPMorgan

20 Nov 18 16:07

Login to your account

Don't have an account? Click here to register.