'National Energy Authority' Tag Archive

May 22 2010

Gold Rush in Iceland

GoldminesPlatina Resources is seeking permission to go hunting for gold in the eastern regions of Iceland, where they wish to spend the next two years on their search. The project is to span huge areas of land, all the way from Vopnafjörður to the north, south to Breiðdalur, with all the senseless destruction research expeditions of this kind always entail. The focus is to be on gold mining, but the company does not rule out possibilities of copper, led, silver or zinc findings.

The application is now being administrated and presented to landowners. Orkustofnun (National Energy Authority) has already declared that as long as there are no serious comments against it, Platina Resources can have the research permissions in hand as early as July.

There have been made some earlier attempts at finding gold in Iceland. Some signs of gold ores have been found, but always in such a small quantity the projects have been deemed unprofitable. The main conclusion though, has been that there is gold to be found in the burnt out geothermal areas throughout the country, the area from Vopnafjörður to Breiðudalur having been confirmed as belonging amongst those.