Map 1 — Click to enlarge

Scot­gold Resources explo­ration project is located in the Grampian High­lands of mid-western Scot­land. The Conon­ish gold and sil­ver deposit forms the core eco­nomic basis of the Company’s Grampian Project. The deposit is located on Conon­ish Farm within the north-western extrem­ity of the Loch Lomond and Trossachs National Park and lies about 90km north­west of Glasgow.

Within Scot­land, the large tec­tonic block known as the Grampian High­lands, bounded by the Great Glen Fault to the north­west and the High­land Bound­ary Fault to the south­east, is highly prospec­tive for gold and base met­als. This ter­rane, which con­sists mostly of metased­i­ments and vol­canics of Dal­ra­dian age, is a direct con­tin­u­a­tion of the Dal­ra­dian gold province of North­ern Ire­land which hosts the Cur­raghinalt and Cavanacaw gold deposits.

Within the SW Grampian High­lands is the Tyn­drum Min­eral Field, a his­toric min­ing area which con­tains sev­eral vein-hosted deposits of base met­als, includ­ing lead, cop­per and zinc. The best known of these is the his­toric Tyn­drum group of lead mines, which were dis­cov­ered in 1741 and inter­mit­tently pro­duced lead for more than a cen­tury. Less com­monly some veins also con­tain gold and by far the most impor­tant exam­ple to date is the Conon­ish vein-hosted gold and sil­ver deposit sit­u­ated about 4km SSW of Tyndrum.

Pre­vi­ous explo­ration has also iden­ti­fied the Tyndrum-Glen Fyne Fault — one of the major fault struc­tures of the Grampian domain — as a zone of sig­nif­i­cant poten­tial for lode-hosted gold min­er­al­i­sa­tion in the Glen Fyne area. Addi­tion­ally there is also scope for new pre­cious metal and base metal dis­cov­er­ies through the iden­ti­fi­ca­tion of geo­log­i­cal set­tings which, else­where in the world, host sig­nif­i­cant met­al­lif­er­ous deposits. The British Geo­log­i­cal Sur­vey (BGS), which has com­pleted geo­chem­i­cal sur­veys over the entire area held by Scot­gold, has repeat­edly expressed the view that there are sig­nif­i­cant met­al­lif­er­ous deposits yet to be dis­cov­ered in the Dal­ra­dian of Scotland.

In Novem­ber 2007 Scotgold’s appli­ca­tions for explo­ration licences for gold and sil­ver between Craignure in the south­west and Pit­lochry in the north­east were granted. The recently granted explo­ration licences cover an area of about 2,200 km2 and include much of the prospec­tive Dal­ra­dian Supergroup.