Tuesday, February 23, 2010

Superior Gold Group - Scottish gold mine thought to have high potential

Demand for dealer gold is remaining strong in light of worldwide economic uncertainty, and so far, producers are doing a good job keeping up with investor interest in precious metals.

For example, a substantial amount of news has been generated from active and lucrative gold mines in parts of the world that include Latin America, the American West, Canada and Alaska. To a lesser extent, there have also been facilities in Southeast Asia and other nearby regions that are showing considerable economic potential.

However, commercially viable gold mining operations are cropping up in some potentially unexpected parts of the world.

For example, Scotgold Resources Limited recently announced that that it has submitted a planning application for the Cononish project, which would become the first gold and silver mine in Scotland. This action was said to have been undertaken after three years of government and community consultations.

A separate announcement from the company recently indicated that the total inventory for the Cononish project is now thought to consist of 163,000 ounces of gold and 596,000 ounces of silver. The company has also identified some spots in Ireland that are thought to have significant gold mining potential.