Scotgold plans to appeal

RNS Number : 3020R

Scotgold Resources Ltd

19 August 2010

 

                                         Scotgold Resources Limited ("Scotgold" or the "Company")

SCOTGOLD LIKELY TO APPEAL DECISION BY NATIONAL PARKS BOARD AGAINST CONONISH GOLD MINE

Scotgold (ASX: SGZ, AIM: SGZ) advises that Loch Lomond and The Trossachs National Parks Board has voted to refuse the Company's application for planning permission for the establishment of the proposed gold and silver mine at Cononish.

Scotgold is considering its options in relation to this refusal but is likely to appeal to the Scottish Ministers.  Any appeal would need to be lodged within three months and Scotgold will make a further release shortly to advise its intentions.

Commenting on the decision, Scotgold Chief Executive Officer, Mr Chris Sangster said "Scotgold is extremely disappointed at the decision but we were encouraged that the decision was by a very narrow majority.  We consider that the proposal has significant merit in the local, regional and national context.  The proposed development would have minimal environmental impact whilst it offered a distinct economic benefit locally.

"We remain committed to exploration at our other prospects located outside the National Park's boundaries at Beinn Udlaidh and others areas".

A copy of Scotgold's representation, which was made to the Loch Lomond and The Trossachs National Parks Board prior to the vote, is available at the Company's website at www.scotgoldresources.com.

For further information:

United Kingdom:

Scotgold Resources Limited	Westhouse Securities Limited	Bankside Consultants
Chris Sangster (CEO)	Richard Baty / Petre Norton	Simon Rothschild /Louise Mason
Tel: [phone]	Tel: [phone]	Tel [phone]

Australia:

Scotgold Resources Limited	Professional Public Relations
Shane Sadleir (Non-Executive Director)	Karen Oswald
Tel:          [phone] Mobile: [phone]	Tel:          [phone]                      Mobile: [phone]

 

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