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)