30th Nov 2015 10:51
LONDON (Alliance News) - Scotgold Resources Ltd on Monday said it has completed the initial structural study on the Cononish and Grampian gold projects in Scotland.
The study identified six highly-prospective targets within the Cononish project, the company said, with a further five outlined within the area.
It identified the Beinn Udlaidh and Arrivain areas as having prospectively at least comparable to the main Cononish site, and the group is prioritising further work on these areas.
Shares in Scotgold were down 1.0% to 0.7422 pence in London on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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