By Paul Fontaine
Grapevine (Iceland)
Foreign investors have joined in the search for gold in Iceland, which has been continuing for at least the past year and a half.
MBL reports that unnamed foreign investors have joined up with the Icelandic gold-searching company Melmi hf., putting “a few hundred million” ISK into the effort. In exchange, the investors will get the right to engage in the production of any gold found, if viable quantities are discovered.
A permit lasting until 2016 has been granted to explore nine separate areas in Iceland, including Þormóðsdalur (where gold was once found about one hundred years ago) near Reykjavík and Vatnsdalur, in northwest Iceland.