According to the prospecting company Conroy Diamonds and Gold there are over 1 million ounces of low grade gold [in low grade deposits] in an area outside Clontibret, Co Monaghan. – press release here [pdf file]
Conroy Diamonds and Gold said the gold deposits in the rural, rolling hills of Co Monaghan, just miles from the once conflict-ridden south Armagh in Northern Ireland, are at least four times the amount as in the Scottish mine. The company is now starting a feasibility study for the economic viability of mining the gold which it says could begin within two to three years’ time.
But they warn.
“The technical people still have a lot of work to do, and until they have completed their work and the feasibility study is done you can’t be sure of the economics,” said Prof Conroy. “Obviously, if there was a big fall in the price of gold it just wouldn’t pay. There are a lot of questions still unanswered.”
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