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SimonRL Joined: 27/11/2005 Location: North Wales View Profile View Posts View Personal Album View Personal Files View all Photos Send Private Message |
Gold seam discovered in Monaghan
Posted: 02/07/2008 17:08:08 Reply | Quote From the Beeb... http://news.bbc.co.uk/1/hi/northern_ireland/7484495.stm [link] Gold seam discovered in Monaghan  A huge untapped seam of gold has been discovered near Clontibret in County Monaghan. The seam, found by Conroy Diamonds and Gold, is believed to be the biggest ever located in Ireland. Company chairman Professor Richard Conroy said he was delighted by the size of the discovery. "It's over a million ounces of gold and that's a lot of gold by anyone's standard," he said. The company issued a formal announcement to the London Stock Exchange saying that it had found the gold, worth around £450m. "It's a large deposit but it's a low grade deposit so the price of gold becomes very very relevant," said Professor Conroy. "At present prices it should be economic, so we would expect the feasibility studies to take 18 months to two years, and then we have to go through the planning process, and get a mining licence and then construction can start." It is thought that the gold covers an area 30 miles in length and Professor Conroy is hopeful of success in Northern Ireland. "It runs across Armagh, across Monaghan and into Cavan and we're doing quite a lot of work in Armagh. "We've high hopes of repeating the success of Clontibret in Armagh but it still requires a lot more work. We certainly would hope that something similar would be found," he said. -- you can not deceive us, and you can’t fool owls IP: 83.148.135.213 |
JohnnearCfon Joined: 22/12/2005 Location: Sir Caernarfon View Profile View Posts View Personal Album View Personal Files View all Photos Send Private Message |
Gold seam discovered in Monaghan
Posted: 02/07/2008 17:29:52 Reply | Quote Maybe that's what that other fella was on about the other day on another thread? Good news for Ireland though! -- Cadwch Cymru'n daclus-Taflwch eich ysbwriel yn LLoeger IP: 84.13.5.85 |
Vanoord Joined: 28/11/2005 Location: North Wales View Profile View Posts View Personal Album View Personal Files View all Photos Send Private Message |
Gold seam discovered in Monaghan
Posted: 02/07/2008 17:34:00 Reply | Quote A 30 mile long seam? Ho ho, that's going to be an amusing one to try and sort out who owns what! -- Filling space until a new signature comes along... IP: 217.39.127.209 |
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Buckhill Joined: 08/04/2008 View Profile View Posts View Personal Album View Personal Files View all Photos Send Private Message |
Gold seam discovered in Monaghan
Posted: 02/07/2008 22:11:39 Reply | Quote If its in Monaghan it belongs to the Irish Government. I don't know if Northern Ireland is different but in mainland UK it belongs to the Crown Estates (Cononish for example). IP: 86.160.69.70 Edited: 09/09/2008 20:24:15 by Buckhill |
carnkie Joined: 07/09/2007 Location: camborne, cornwall View Profile View Posts View Personal Album View Personal Files View all Photos Send Private Message |
Gold seam discovered in Monaghan
Posted: 09/09/2008 17:59:54 Reply | Quote I'm not sure how this works but it would appear that Galantas own, operate and market the gold from the Cavanacaw mine, Co.Tyrone. -- The past is a foreign country: they do things differently there. IP: 88.105.222.240 |
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