Stock photo of gold panning
Asheboro, NC -- There's gold in them Carolinas.
At least, that's what several companies hope as they search for gold in North Carolina and South Carolina.
The News & Observer of Raleigh reported Tuesday a number of companies are leasing minerals rights to thousands of acres in the Piedmont.
Tim Daniels with Erin Ventures of Canada said he knows eight companies are looking in South Carolina and are likely to be looking in North Carolina, as well. Daniels' company is looking in both states. Erin Ventures has purchased mining rights to about 2,000 acres in South Carolina and 1,000 acres in Moore County, about 60 miles southwest of Raleigh.
Revolution Resources of Canada is searching old mines north of Asheboro. The company doesn't give an exact address of their search area, but says one location is 85 kilometers northeast of Charlotte.
The "Champion Hills Project", as the company calls it, covers a 25 kilometer area in North Carolina along the Carolina Slate Belt. The company calls the belt "the most prolific mineral belt in the Eastern United States".
MAP: See the Carolina Slate Belt
Revolution Resources began drilling in 2010, citing confirmation of a "significant gold mineralized system". Their second phase, with an estimated cost of $1 million, includes more drilling and mapping. That phase is expected to be complete by March 2011.
Gold prices set a record of $1,441 per ounce this week.
AP/WFMY News 2