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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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» When Will It Be Safe To Invest In The Stock Market Again?
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» Dividend Announcements
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» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
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» In the Meantime Within Our Shores!
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» COMB.N0000 (Commercial Bank of Ceylon PLC)
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» RICH.N0000 (Richard Pieris and Company PLC)
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» AHPL.N0000
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» APLA.N0000 (ACL Plastics PLC)
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» Banks, Finance & Insurance Sector Chart
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» VPEL.N0000 (Vallibel Power Erathna PLC)
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» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
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» WATA - Watawala
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» Capital Trust Broker in difficulty?
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» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
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» What Industry Would You Choose to Focus?
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» Should I Stick Around, or Should I Follow Others' Lead?
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    How the silence on this !

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    How the silence on this ! Empty How the silence on this !

    Post by Backstage Tue Nov 19, 2019 5:40 pm


    Gold deposits found in Seruwawila: GSMB

    18 October 2019 08:52 am -

    Geological surveys conducted recently have revealed a gold deposit of 100 sq. kilometres buried in an area centring Seruwawila, Geological Survey and Mine Bureau (GSMB) Chairman Asela Iddawela said.

    The Chairman said he hoped to seek foreign investors willing to work in accordance with the policies and procedures adopted by the bureau to join with the GSMB to carry out further surveys based on the data and geological elements available.

    GSMB Director-General Dr.C.H.E.R. Siriwardena also affirmed the presence of gold ore within the Seruwawila copper and iron deposit in an area of about 100 kilometres in Arippu and Kollakulam.

    He also said further surveys are needed to ascertain the economical viability of the expected gold deposit and samples have to be analysed to see the possibility of finding palladium, platinum elements. If the survey reveals positive results foreign investors can be attracted to develop the ore. (Thilakarathna Dissanayaka)

      Current date/time is Sat Jul 27, 2024 2:25 pm