Alba Mineral Resources ALBA plans to restart mining at Clogau St David's gold mine at Bontddu in Dolgellau, Gwynedd, which closed 30 years ago.
It said analysis of 1,200 soil samples from known mines showed potential to find new gold sources in the county.
Executive chairman George Frangeskides said the firm believed there was a "high possibility" of finding gold.
Alba Mineral Resources plans to restart mining at Clogau St David's gold mine at Bontddu in Dolgellau, Gwynedd, which closed 30 years ago.
It said analysis of 1,200 soil samples from known mines showed potential to find new gold sources in the county.
Executive chairman George Frangeskides said the firm believed there was a "high possibility" of finding gold.
MORE HERE: https://www.bbc.co.uk/news/uk-wales-54105385https://www.bbc.co.uk/news/uk-wales-54105385

