The option agreement allows Erris Resources to search for gold in the area covered by the Loch Tay Licence in Perthshire.

The project area comprises of 237 square kilometres of highly prospective ground within the Grampian Gold Belt.

The two priority target areas, Ardtalnaig and Glen Almond have been identified as having excellent gold potential based on the presence of historic workings, mineralised outcrops and alluvial gold occurrences.

This follows the discovery of a 10-gram nugget in the Glen Almond river in July earlier this year by a team from the University of Leeds.

Erris Resources CEO, Anton du Plessis, said: “We are delighted to have signed the Option Agreement with GreenOre to advance highly prospective gold targets in central Scotland.

“This gives us exposure to new gold targets that have not previously been tested, but which are located in the highly prospective Grampian Gold Belt that already hosts some important gold deposits such as Curraghnihalt (6.09 Moz at 13.6g/t Au), which was acquired by New York-based Orion Resource Partners in a C$537m buy-out of TSX/AIM-listed Dalradian Resources in June 2018, and Cononish, which is only 40 km away and that aims to pour its first gold next year. Cononish has measured and indicated resources of 246,000 oz grading 14.3 g/t Au.

“Importantly, land access agreements have already been signed, which allow work to proceed on the priority targets with the aim of advancing exploration to drill target definition in 2020.”