Gold

Dalradian Resources (TSX:DNA), who has previously targeted projects in emerging countries such as Ecuador and Venezuela, is trying its luck with a gold project in the more established jurisdiction of Northern Ireland, according to Reuters.

Dalradian Resources (TSX:DNA), who has previously targeted projects in emerging countries such as Ecuador and Venezuela, is trying its luck with a gold project in the more established jurisdiction of Northern Ireland, according to Reuters.

As quoted in the publication:

The development of the deposit, which had been discovered in the 1980s, has been delayed due to restrictions on the use of explosives due to the years of violent political upheavals in the area. This made it too hard to explore underground.

Dalradian is now seeking planning permission to build the mine, at which it says production could start as soon as 2017 at an average of 162,000 ounces a year over an 18 years mine life.

Dalradian CEO, Patrick Anderson, told Reuters:

Previously we had been working in Venezuela and had a similar experience, so the mandate that we set ourselves … was to find some place were the rule of law applies, where there is an able and willing workforce and a government that wants you to be there.

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