{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Developers bid for UK\u0026#39;\u0026#39;s only goldmine' data-url='/boclips/videos/5c54c2a6d8eafeecae15b455' data-video-url='/boclips/videos/5c54c2a6d8eafeecae15b455' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nDevelopers bid for UK\u0026#39;\u0026#39;s only goldmine\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eAP TelevisionEdinburgh, 8th March 20101. Close up collection of gold nuggets2. Close up gold nugget 3. Pan gold jewellery4. Various people looking at jewellery5. Close up jewellery6. Wide jewellery shop 7. Close up sign saying \"We Buy...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eAP Television\u003cbr/\u003eEdinburgh, 8th March 2010\u003cbr/\u003e1. Close up collection of gold nuggets\u003cbr/\u003e2. Close up gold nugget \u003cbr/\u003e3. Pan gold jewellery\u003cbr/\u003e4. Various people looking at jewellery\u003cbr/\u003e5. Close up jewellery\u003cbr/\u003e6. Wide jewellery shop \u003cbr/\u003e7. Close up sign saying \"We Buy Gold\"\u003cbr/\u003eAP Television\u003cbr/\u003eCoronish, Trossachs National Park, Loch Lomond, 9th March 2010\u003cbr/\u003e8. Various area around Coronish gold mine \u003cbr/\u003e9. Wide ice climber \u003cbr/\u003e10. Chris Sangster and Dave Catterall walk to shed to get changed\u003cbr/\u003e11. Various Chris Sangster and Dave Catterall kitting up for gold mine \u003cbr/\u003e12. Mid shot entrance to mine shaft\u003cbr/\u003e13. Close up sign \u003cbr/\u003e14. Wide pan digger \u003cbr/\u003e15. Various men working at drill site \u003cbr/\u003e16. Pan exploration hole to drill \u003cbr/\u003e17. SOUNDBITE: (English) Chris Sangster, C.E.O. Scotgold Resources Ltd:\u003cbr/\u003e\"Scotland has been very much under-explored in a geological sense for a number of minerals. The British Geological Survey has done a lot of work here in the last thirty or forty years and they certainly believe there''s potential for not only gold and silver deposits, but also base metal deposits.\"\u003cbr/\u003e17. Chris Sangster and Dave Caterrall enter mine\u003cbr/\u003e18. Pan down rock to Chris Sangster and Dave Caterrall\u003cbr/\u003e19. Mid shot Chris Sangster and Dave Caterrall in mine looking at the rock\u003cbr/\u003e20. SOUNDBITE: (English) Dave Catterall, Consultant Geologist:\u003cbr/\u003e\"Looking at the type of vein, for instance, on this one I can see that we''ve got quartz, we''ve got fragments of the wall rock, we''ve got mineralisation of sulphide, galina - all of those things tell me that this is an interesting mineralised vein.\" \u003cbr/\u003e21. Various rock and gold vein\u003cbr/\u003e22. Mid Catterall looking at vein\u003cbr/\u003e23. Close Catterall''s finger examining vein\u003cbr/\u003e24. Various Chris Sangster and Dave Caterrall examining rock\u003cbr/\u003e25. SOUNDBITE: (English) Chris Sangster, C.E.O. Scotgold Resources Ltd:\u003cbr/\u003e\"This site here could very easily be developed into some kind of tourist facility. Heritage mining sites in the U.K. and throughout the world have often been very, very popular with tourists.\"\u003cbr/\u003e27. Chris and Dave exit mine\u003cbr/\u003e28. Various Chris and Dave talking at the mine entrance\u003cbr/\u003e29. Wide Coronish mine pan to land owner John Burton walking with his dog\u003cbr/\u003e30. SOUNDBITE: (English) John Burton, Land Owner:\u003cbr/\u003e\"I don''t know that we''re over the moon, it''s not everything. I think good health is more important than a bit of money, but a little bit extra comes in handy now and again.\"\u003cbr/\u003e31. Various village of Tyndrum\u003cbr/\u003e32. Wide pan down exterior John Riley''s house\u003cbr/\u003e33. John Reily reading \u003cbr/\u003e34. SOUNDBITE: (English) John Riley, Chairman, Strathfillan Community Council\u003cbr/\u003e\"See now we don''t live in a museum. You know, we''re not like other national parks, people actually live here and have been living here and doing their business here a long time before the national park came, so you know we need to�we mustn''t turn away excellent developments.\"\u003cbr/\u003eAP Television\u003cbr/\u003eEdinburgh, 8th March 2010\u003cbr/\u003e35. Wide pan down exterior The Scotsman building\u003cbr/\u003e36. Close up The Scotsman newspapers \u003cbr/\u003e37. SOUNDBITE: (English) Bill Jamieson, Executive Editor, The Scotsman:\u003cbr/\u003e\"Let''s not pretend that Scotland is a great gold bearing area, but I think the fascination here is the prospect of mining a certain amount of gold at a commercial rate to brand and to develop in Scotland as maybe a part of a Scottish icon, Scottish gold, Scottish weddings, Scottish events. It''s very romantic.\"\u003cbr/\u003e38. Wide Rose Street jewellery quarter \u003cbr/\u003e39. Various shops in jewellery quarter\u003cbr/\u003e40. Wide Alistir Tait  shop\u003cbr/\u003e41. Alistir Tait  looking at gold through microscope\u003cbr/\u003e42. Close up gold nuggets\u003cbr/\u003e43. Various jewellery made with Scottish gold \u003cbr/\u003e44. SOUNDBITE: (English) Alistir Tait , Jeweller:\u003cbr/\u003e\"There might not be the same market for the Fraternity of Gold Panners who are out there producing very small quantities, but if Scottish gold was available from a mine it would have a premium value and it would create a much greater knowledge of an interest in jewellery made from Scottish gold.\"\u003cbr/\u003e45. Close up Alistir Tate examining gold nugget\u003cbr/\u003eA group of investors is hoping to strike it rich in the Highlands to create the UK''s only commercial goldmine. \u003cbr/\u003eIn the depth of the global economic slowdown house prices have fallen, shares plummeted and businesses collapsed, but one commodity is still shining brighter than ever before - gold. \u003cbr/\u003eGold - it''s the purest metal known to man and it''s adorned the homes and costumes of the wealthy since the beginning of recorded history. \u003cbr/\u003eUsually a safe bet, investors in-the-know store it as a hedge against inflation, weak currencies and economic disruption. \u003cbr/\u003eIn 2009, the price of gold rose by 24 percent. \u003cbr/\u003eAnd so began the modern day gold rush. Everybody wanted a piece - privately and commercially, jewellers and investors - and they still do. \u003cbr/\u003eThe metal currently stands at more than $1,100 USD per ounce (as at 23rd March 2010). \u003cbr/\u003eThe Coronish gold mine is nestled within the Trossachs National Park in Loch Lomond.\u003cbr/\u003eThe locals have known for decades that the underbelly of these central highland mountains is veined with gold.\u003cbr/\u003eBut until now extraction has been limited to casual panning. \u003cbr/\u003eIt''s kept the supply of Scottish gold low and the price high. But one man hopes to change all that.\u003cbr/\u003eChris Sangster, the C.E.O. of Scotgold Resources Ltd bought the mine from Switzerland based Oak Consortium in 2007. \u003cbr/\u003eExploratory work revealed gold deposits in 1983, but they were left unexploited by Oak Consortium due to a drop in the price of gold at the time. \u003cbr/\u003eNow Sangster and his team are waiting on planning permission to turn Coronish into the U.K''s only commercial goldmine. \u003cbr/\u003eExploration work is already well under way and Sangster says he''s certain he''s onto a winner. \u003cbr/\u003e\"Scotland has been very much under-explored in a geological sense for a number of minerals. The British Geological Survey has done a lot of work here in the last thirty or forty years and they certainly believe there''s potential for not only gold and silver deposits, but also base metal deposits.\"\u003cbr/\u003eWhere there''s gold, there''s fool''s gold. \u003cbr/\u003eAnd making sure that the Scotgold team are not taken for fools is consultant geologist Dave Catterall.\u003cbr/\u003e\"Looking at the type of vein for instance on this one I can see that we''ve got quartz, we''ve got fragments of the wall rock, we''ve got mineralisation of sulphide, galina - all of those things tell me that this is an interesting mineralised vein,\" he says. \u003cbr/\u003eAccording to Sangster there are more than 21,000 ounces of gold in the mine and 80,000 ounces of silver. \u003cbr/\u003eCatterall says the gold in the deposits here is partly from a magmatic source and partly from a mixing of hydrothermal fluids. \u003cbr/\u003eHe says the rocks on the side of the wall are more than 600 million years old. The vein with the mineralisation is approximately 410 million years old. \u003cbr/\u003eThe team expect to extract the gold over a 7 year period and turn over more than 16 million pounds (24,067,807 USD)\u003cbr/\u003eOnce the life of the working mine has come to an end Sangster says he hopes the local economy will continue to benefit.\u003cbr/\u003e\"This site here could very easily be developed into some kind of tourist facility. Heritage mining sites in the U.K. and throughout the world have often been very, very popular with tourists,\" he says. \u003cbr/\u003eScotgold Resources Ltd joined the Australian Stock Exchange in 2007. \u003cbr/\u003eAlongside planning permission which is expected in June this year, it''s also looking to raise funds from private and institutional investors for further exploration. \u003cbr/\u003eSangster believes there is even more gold and silver to be found beyond the mine in an area covering 2,200 square kilometers across the Scottish Highlands. \u003cbr/\u003eOne thing is for certain - The Coronish mine has made its land owner, John Burton, a very wealthy man.\u003cbr/\u003eBut he says there are far more important things in life.\u003cbr/\u003e\"I don''t know that we''re over the moon, it''s not everything. I think good health is more important than a bit of money, but a little bit extra comes in handy now and again.\"\u003cbr/\u003eIn the nearby village of Tyndrum residents are welcoming the prospect of the goldmine. \u003cbr/\u003eScotgold Resources Ltd has reassured the community that the environmental impact will be minimal.\u003cbr/\u003eThe mine will output about 4kg of gold a week. \u003cbr/\u003eUnlike a quarry, the underground mine is visually non intrusive. Other infrastructure includes a processing facility housed in an acoustically clad building and tailings facilities - the area where crushed rock is stored. \u003cbr/\u003eSangster insists this will be restored concurrently so that as the work continues it blends in with the landscape. \u003cbr/\u003eJohn Riley is chairman of the Strathfillan Community Council. \u003cbr/\u003eHe claims nobody from the village of Tyndrum objects to the goldmine and he hopes that planning permission will be granted to Scotgold Resources Ltd. \u003cbr/\u003eEmployment in the area is cyclical and largely controlled by the tourist industry. That means there''s not much work in the winter. \u003cbr/\u003eRiley believes the goldmine will create all year round employment and put at least 1.5 million pounds into the local economy (2,255,668 USD).\u003cbr/\u003eHe also says he''s confident Scotgold Resources Ltd will keep their promise about protecting the environment. \u003cbr/\u003e\"See now we don''t live in a museum. We''re not like other national parks, people actually live here and have been living here and doing their business here a long time before the national park came, so you know we need to�we mustn''t turn away excellent developments.\"\u003cbr/\u003eIt''s a view shared by Scotland''s biggest newspaper, The Scotsman. \u003cbr/\u003eExecutive editor, Bill Jamieson, says that provided Scotgold Resources protect the environment both during and after the life of the goldmine, commercial activity from the site will be very beneficial to Scotland as a whole. \u003cbr/\u003e\"Let''s not pretend that Scotland is a great gold bearing area, but I think the fascination here is the prospect of mining a certain amount of gold at a commercial rate to brand and to develop in Scotland as maybe a part of a Scottish icon, Scottish gold, Scottish weddings, Scottish events. It''s very romantic.\"\u003cbr/\u003eAnd it''s locally owned jewellery shops such as these in Edinburgh''s jewellery quarter that stand to benefit. \u003cbr/\u003eAlistir Wood Tait  is one of only two dealers of Scottish gold in the whole of the U.K.\u003cbr/\u003eAt present only a tiny proportion of the gold on display here is Scottish gold, because supply relies on local panners. \u003cbr/\u003eAccording to Tait , Scottish gold currently costs three to four times its face value because of its rarity. \u003cbr/\u003eBut he says an increase in supply can only be good for the industry. \u003cbr/\u003e\"There might not be the same market for the Fraternity of Gold Panners who are out there producing very small quantities, but if Scottish gold was available from a mine it would have a premium value and it would create a much greater knowledge of an interest in jewellery made from Scottish gold.\"\u003cbr/\u003eGold prices have stalled for the first time this year after the budget crisis in Greece damaged confidence in Europe and pushed up the value of the dollar. \u003cbr/\u003eBut analysts believe that investment in the precious metal will increase later this year as confidence in the economic recovery remains low and fears of a double-dip recession remain high.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv 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parks, outdoor recreation, part, leisure travel, vein, mine\u003c/div\u003e\n\u003cdiv class='keyterms-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='educator-ratings-heading' class='rp-info-section'\u003e\n\u003ch2 class='title sr-only' id='educator-ratings-heading'\u003eEducator Ratings\u003c/h2\u003e\n\u003cdiv id=\"educator-ratings-root\"\u003e\u003c/div\u003e\u003cdiv id=\"all-educator-ratings-root\"\u003e\u003c/div\u003e\u003cdiv id=\"educator-rating-form-root\"\u003e\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-resource'\u003e\n\u003cdiv aria-label='Show resource details' class='rp-show-info' role='button' tabindex='0'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\nShow resource details\n\u003c/div\u003e\n\u003cdiv aria-label='Video player' class='player' id='player-wrapper' role='region'\u003e\n\u003cdiv class='relative container mx-auto' id='lp-boclips-visitor-thumbnail'\u003e\n\u003ca class=\"block\" data-html=\"true\" data-placement=\"bottom\" data-trigger=\"click\" data-content=\"\u003cdiv class=\u0026quot;text-center py-2\u0026quot;\u003e\u003ca class=\u0026quot;bold\u0026quot; href=\u0026quot;/auth/users/sign_in\u0026quot;\u003eSign in\u003c/a\u003e or \u003ca class=\u0026quot;bold text-danger\u0026quot; data-posthog-event=\u0026quot;Signup: LP Signup Activity\u0026quot; data-posthog-location=\u0026quot;body_link_boclips\u0026quot; data-remote=\u0026quot;true\u0026quot; href=\u0026quot;/subscription/new\u0026quot;\u003eJoin Now\u003c/a\u003e\u003c/div\u003e\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Developers bid for UK\u0026#39;\u0026#39;s only goldmine\" href=\"/subscription/new\"\u003e\u003cimg class=\"resource-img img-thumbnail img-responsive z-10 lp-boclips-thumbnail w-full h-full lozad\" alt=\"Developers bid for UK\u0026#39;\u0026#39;s only goldmine\" title=\"Developers bid for UK\u0026#39;\u0026#39;s only goldmine\" onError=\"handleImageNotLoadedError(this)\" data-default-image=\"https://static.lp.lexp.cloud/images/attachment_defaults/resource/large/missing.png\" data-src=\"https://static.lp.lexp.cloud/images/attachment_defaults/resource/large/missing.png\" width=\"315\" height=\"220\" src=\"data:image/png;base64,R0lGODlhAQABAAD/ACwAAAAAAQABAAACADs\" /\u003e\n\u003cspan aria-hidden='true' class='flex justify-center items-center bg-white rounded-full w-16 h-16 absolute top-1/2 left-1/2 -mt-8 -ml-8 cursor-pointer z-0 border-2 border-primary drop-shadow-md lp-boclips-thumbnail-playBtn'\u003e\n\u003ci class='fa-solid fa-play text-primary text-3xl ml-1 drop-shadow-xl'\u003e\u003c/i\u003e\n\u003c/span\u003e\n\u003c/a\u003e\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n"}