Scotland’s secret gold stash: Families could be sitting on hidden mines worth millions

Gold Town: BBC Scotland releases trailer for series

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Gold Town, which is currently airing on BBC Two followed Scotgold and the birth of Scotland’s first commercial gold mine. Davy’s family had previously been told there would be gold under their land in Cononich, near Tyndrum but it wasn’t until November 2020 the first gold was poured. The three-part series highlights the challenges faced by Davy and Scotgold as they tried to find the precious metal.

Davy joined Scotgold in 2010 and they have seen a series of breakthroughs.

One of the biggest hauls came from a quartz vein which is located on the most northern part of Loch Lomond and the Trossachs National Park.

The gold found here is estimated to be worth £200million and Scotgold hopes by 2022 they could produce 23,500oz of gold.

The mine is estimated to have a lifespan of nine years and Davy believes more families in Scotland could be sitting on hidden stashes.

He explained: “There might be a huge mine we’re sitting on we just don’t know about — but unless the company spends money and looks you’ll never find out.”

Davy thinks as the company continues to make money some will be set aside to explore other areas.

“Any estates and farms on the ground that lies on the Dalradian rock structure could be sitting on gold that they have no idea about,” he continued.

As exploration is so costly, not a lot of Scotland has been mined for gold and he’s certain there is more to be found.

“This can’t just be a one-off or lucky find,” he told The Scottish Sun. “There must be more gold in other areas.”

In the trailer for Gold Town, one worker comments: “I’m telling you there’s £200million worth of gold in there, no pressure.”

Another adds: “Hopefully that’s a job for life, it’s not just a flash in the pan.”

The series is set to come to an end next Tuesday and will follow the Scotgold team as they are behind schedule by six months.

As February 2020 comes to a close, the weather starts to improve and there is a chance to claw back lost time.

However, the pandemic then hits the UK and on 23 March the country goes into lockdown, meaning the site has to be closed.

The synopsis reads: “Up at the mine, the small team working on care and maintenance have been able to finally finish preparing the base for the processing plant.

“There is also the positive news that the price of gold has reached an all-time high and the company is now in a good financial position, despite all the delay.

“At the start of July, the Scottish government’s five-mile travel restriction is lifted and local businesses are able to open.”

By November 2020 “things are at a crunch point” and the day “investors have been told the mining company will pour the first molten gold” finally arrives.

Processing plant manager Nigel is taking on the challenge of turning the crushed quartz vein into gold.

Despite not being the quantity they had hoped for, it is both a success and a major step in showing they can be a working goldmine.

Gold Town concludes Monday on BBC Two at 7pm.

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