Prospecting for gold....near Lough Derg!

A Canadian company has been granted a licence to look for gold near Lough Derg, a sacred site of pilgrimage for hundreds of years.

A Canadian company has been granted a licence to look for gold near Lough Derg, a sacred site of pilgrimage for hundreds of years.

According to a report in today’s Irish Times, the company, Galantas Gold, identified a “trend” in an area 550sq km in size, stretching from Omagh to Castlederg and as far as Pettigo and so applied for the licence.

Galantas Gold chief executive Roland Phelps said it could take many years to find out whether there is enough gold there to be economically viable.

He added: “This is very early stages and we won’t be drilling for quite a while. When we carry out our operations we are obviously sensitive to the local environment – you have to be.

“We have to find targets first and the indications that we’ve got so far means that we have to follow up with a soil testing programme and do a lot of geophysical work on those licensed areas first before we can find targets to drill.”

He said drilling could be anything from one mile to 15 miles from Lough Derg, but said they would be sensitive to local concerns. “We are a little way away from Lough Derg, we’re not right on top of it,” he concluded.