Search for gold in Icelandic geothermal areas

“I’m optimistic that we’ll extract gold from the earth here,” says Vilhjálmur Þór Vilhjálmsson spokesman of Iceland Resources, a company in the business of finding gold in Iceland.

Over 100 million ISK will be spent on a search for gold in few different places in Iceland over the next two years. Canadian company St-Georges Platinum and Base Metals Ltd. recently took over Iceland Resources, which had been doing research on gold in Iceland for some years.

Research has revealed that under certain circumstances gold can be found in Icelandic geothermal areas, and some areas are more promising than others.

The company already has permits for research in Vopnafjörður, and have requested permits for research inReykjanes, Hveragerði, Stóra-Laxá, Þingmúli, Hörgárdalur, Sælingsdalur, Arnarfjörður and in Þormóðsdalur by Hafravatn.

The first search for gold in Þormóðsdalur took place over 100 years ago. Research in that area is believed to reveal information on what the prime conditions are for gold in Iceland’s geothermal areas. Further research will then reveal if there is enough gold  present to dig for it.