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ScotGold Resources Limited ( LON:SGZ) has applied to extend its bulk processing trial at the Cononish mine to optimise the production process. The original permission ran for nine months from May, but Scotgold now wants to run the plant for another year after that to March 2018. CEO Richard Gray tells Proactive: ''During this trial we'll be producing about 1,000 ounces of gold and the big objective of this is to get this to the jewellery trade for them to be able to build up the Scottish brand''.
Scotland-focused gold miner
LON:SGZ) is offering
investors the chance to own the first pour of Scottish gold from
its Cononish mine in Tyndrum.
Chief executive Richard Gray tells Proactive: ''This is a triple-first for us -it's the first gold from Cononish mine - it's the first gold Scotgold resources has produced and importantly it's also the first commercial gold ever mined in Scotland so we felt we needed to do something to mark the event.''
Each gold round is stamped with a unique serial number and features the official registered Scottish gold mark of the stag’s head. Richard Gray added: ''This idea with the gold rounds is really just the icing on the cake. We've been undertaking what we call a bulk processing trial ... and that has opened up some terrific opportunities for us to improve the fundamental economics of our project''.