No wonder the new owners of the mine

No wonder the new owners of the mine, Scotgold Resources, a joint venture between Australia and Scotland have submitted a plan of several million pounds to reopen the mine and extract more than 150.

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000 ounces of gold and about 600,000 ounces of silver. To reach that precious metal, the company will have to mine ore than 500,000 tonnes over seven years.В 

And the company estimates that the gold reserves at the mine could be much greater than previously thought.В 

The concept of Scotland

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could take gold as planning approval Scotgold Resources have ambitious plans to transform not only Cononish but also the Scottish jewelry industry.В 

Chris Sangster, chief executive of Scotgold Resources, said: "We believe Scottish gold could be a marketer"s dream. It worked for gold from Wales and Ireland, and we feel that the gold, with all its romantic connotations, coming from a romantic country as Scotland, could be very successful.В 

"Gold is relatively scarce in Scotland, so having a mine to produce a regular supply, guaranteed we can build a Scottish brand of Gold.В 

The idea is being supported by the goldsmiths and jewelers above.В 

Eric N. Smith, Newton Mearns, near Glasgow, one of the designers of the country"s best-known gems, thinks that the action would be tremendous.В 

"You are putting gold and Scotland," he said. "Who would not want to have a gold wedding ring in Scotland?В 

"We have a Scottish independent label, which is a representation of Edinburgh Castle, so that with the combination of gold produced in Scotland for beautiful items made by the many talented Scottish designers

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have a wide appeal. Scottish gold would be high variety and prestige.В 

"I could see people being willing to pay more for that distinction Scot.В 

"People in jewelry design already know about the mine and are ready to begin working with their products."

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