Hunt is on for new English gold mine
Tuesday 03 March 1998
Five 100-metre-deep holes will be sunk by Crediton Minerals in the mid Devon countryside at 150-metre intervals from the original borehole drilled last August.
The drilling will take place over a three-week period after initial assay results from the first hole which showed "four distinct horizons of gold enrichment within the core".
"Following intense mineralogical and chemical follow up of the gold occurrence in the first bore hole, Crediton is satisfied that it is fully justified on continuing the exploration to confirm the presence of gold over a wider area," said a spokesman for the company.
While the drilling goes on, other exploration work will be carried out at a number of other sites.
Grains of gold were discovered during last summer's pounds 200,000 test drilling programme in a 45 kilometre-long, 12 kilometre-wide band of agricultural land called the Crediton Trough.
It could be two or three years from the original drilling before the company could be certain it had an "economic ore body".
- 1 End of the licence fee: BBC to back radical overhaul of how it is funded
- 2 This restaurant has misunderstood the concept of 'cheese and biscuits'
- 3 Raif Badawi, the Saudi Arabian blogger sentenced to 1,000 lashes, may now face death penalty
- 4 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 5 PornHub turns masturbation into energy in bid to save the planet
New theory could prove how life began and disprove God
This is what it's like to be dead, according to a guy who died for a bit
End of the licence fee: BBC to back radical overhaul of how it is funded
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Ukip would cut billions from Scottish budget to fund English tax cuts
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
£7 - £9 per hour: Recruitment Genius: Are you outgoing? Do you want to work in...
£45000 - £55000 per annum + 30 days holiday: Ashdown Group: Finance Manager - ...
£28000 - £30000 per annum: Ashdown Group: 3rd Line Support Engineer / Network ...
£26000 - £33000 per annum: Recruitment Genius: A Web Developer is required to ...