27 Feb 2018 17:50
27 February 2018
Scotgold Resources Limited
Planning Application Granted
Scotgold Resources Limited (AIM:SGZ) (the "Company" or "SGZ") is pleased to announce that the Loch Lomond and the Trossachs National Park Authority has unanimously approved the Company's application for the development of the Cononish Gold mine at a Special Board Meeting held today, subject to the conclusion of legal agreements.
Richard Gray, CEO of Scotgold, commented:
"We are delighted with this decision which paves the way for the development of the mine which will result in full production of the Cononish
Deposit. This will be the first commercial gold mine in Scotland's history. The process has been aided by professionalism of the Park's executives. I am convinced that our project will meet both the highest environmental standards and provide a significant boost to the local economy around Tyndrum."
For further information please contact:
Scotgold Resources Limited Stockdale Securities Limited
Richard Gray Robert Finlay / Ed Thomas
Tel: +44 (0)1838 400 306 Tel: +44 (0)20 7601 6100
Capital Markets Consultants Smaller Company Capital Ltd
Simon Rothschild Rupert Williams
Tel +44 (0)7703 167 065 Tel: +44 (0)20 3651 2911