Scotgold Resources Limited is engaged in the advancement of the Cononish Gold and Silver Project in Scotland's Grampian Highlands to a production decision. The Company is engaged in the exploration of the tenements comprising the Grampian Gold Project with the view of identifying further project opportunities. The Grampian Gold Project comprises Crown Option agreements covering approximately 4,100 square kilometers in the south west Grampians of Scotland and covers some areas of the Dalradian geological sequence in the United Kingdom. The Dalradian sequence extends to the southwest from Scotland into Northern Ireland. It holds approximately five mines located in the United Kingdom, including Glen Orchy, Glen Lyon, Inverliever, Knapdale and Ochils. Its Pomar license area covers approximately 260 square kilometers in eastern central Portugal, near Castelo Branco and includes the antimony mines of das Gatas, Pomar and Casalinho, in addition to numerous small scale trials and occurrences.