Friday, July 04, 2008

Ireland's Real "Pot O' Gold"

The Irish economy, compared to many other European nations, has been rolling along at an astonishing rate for the past 10 to 15 years. A business-friendly tax structure and old fashioned hard work have made for huge success. It's not surprising, then, that more good fortune would appear:

Nestled in the green hills near Omagh in Northern Ireland is a vast mudpit that mining firm Galantas hope will soon - literally - become a goldmine.

The story mentions that 15 veins have been identified, which, it is estimated, will produce about 35,000 ounces of gold per year. Some independent sources place the total possible production of the site at 1,000,000 ounces or more.

As with all modern mining sites, there are environmental concerns. With these issues addressed, production is proceeding and soon the only working gold mine in the U.K. will be churning out the precious metal, silver and lead.

What a great day to be Irish!!
Not Wired

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