Irish prospector Karelian Diamonds is eyeing the prospect of developing its first commercial diamond mine in Finland after acquiring a mining permit from local player A&G Mining for €150,000.

Canadian gold prospector Dalradian Resources has commenced drilling work at its Curraghinalt Gold Project near Omagh, Co Tyrone, with the company expecting to be in a position to provide an updated mineral resource estimate during the third quarter of this year.

Costs related to the building and ongoing running of Ireland’s proposed first commercial gold mine, planned for Co Monaghan, are expected to come in significantly lower than initial estimates.

A potential 15m to 20m ounces of gold reserves exist along the border corridor linking counties Longford and Down, according to mineral exploration firm Conroy Gold and Natural Resources.

Irish mining company, Conroy Gold and Natural Resources is set to raise up to £3.15 million (€3.94m) in additional funding, via a new share placing.

WHEN good news is like gold dust, gold dust is definitely good news.

A MOVE by Pat Rabbitte, the Minister for Communications, Energy and Natural Resources to grant a prospecting licence for gold and silver to a Dublin-based firm for land in east Clare, has created great local excitement.

CONROY Diamonds & Gold, the Irish gold and mineral resources exploration company, has reported an annual pre-tax loss of €290,445 for the 12 months to end of May, marginally down on the €298,119 loss in the previous year.