Tuesday, June 09, 2009

Dublin firm goes for gold in Iran

Clontarf-based precious metals explorer, Persian Gold, has applied for a discovery certificate at the Chah-e-Zard gold and silver project in Iran.

The application is to mine 160,000 ounces of gold and 1 million ounces of silver. The company is also finalizing an application for a discovery certificate for the Dalli copper and gold project in 200km southwest of Tehran.

ran possesses some of the largest natural resource deposits in the world particularly in the Tethyan belt, which stretches from Turkey over Iran to Pakistan. Largely unexplored in the last 30 years, Iran has low operating costs and excellent infrastructure with a highly educated and well trained workforce.