Canadian firm to renew gold mining in Kremnica

Canadian company Tournigan Gold Corporation (TGC) based in Vancouver plans to renew gold mining around Kremnica. Over the next three years, the firm will decide based on geological research and the movement of world gold prices whether to run a business in Kremnica.

TGC has acquired Kremnica Gold, owned by Canadian company Argosy Mining Corp for about Sk14 million (€330,000). The deal has brought potential gold deposits with estimated yield of over 1 million ounces of gold to TGC.

Head of Tournigan Hein Polus refused to specify how much money he would invest in Slovakia before the geologists evaluate the deposits.

Gold mining has a long tradition in the Kremnica region. Mining started here already in 1300 and was maintained until 1971. The mining activities finally ceased in the 1990s.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

News digest: Health care staff still lacking, president asks for amends

Slovakia is preparing to launch the nationwide testing on Saturday morning, but the government admitted they still need hundreds of health care staff. Kotleba violates quarantine and hospitals in the north are full.

The Bratislava Self-Governing Region started testing its staff on October 30.

Testing is impossible to carry out as planned, president says

President Zuzana Čaputová asked the government to reconsider measures for people who do not get tested, many will not get a chance.

President Zuzana Čaputová met with the representatives of the armed forces.

The big test is upon us. What are we to do?

For a foreigner living in Slovakia, there is yet another concern.

Health care professionals still lacking ahead of Saturday's testing

Government avoids mobilisation for now, PM offers an extra bonus to health care professionals who can serve the whole weekend.

Dolný Kubín