Scotgold Resources Ltd said that it would instead focus on a reapplication for planning permission for the establishment of a gold mine at Cononish, near Tyndrum in Perthshire.
The first application was turned down last August by the Loch Lomond and the Trossachs National Park Authority amid concerns about its environmental and visual impact and uncertainty over the predicted economic benefits.
Scotgold subsequently lodged an appeal against that refusal with the Scottish Government's Department of Planning and Environment Appeals in November 2010.
Last month, Scotgold announced that it had accepted a £600,000 grant from economic development agency Scottish Enterprise to assist in the establishment of the mine facilities, conditional on the company obtaining planning permission.
Scotgold chief executive Chris Sangster said: "The company believes that the revised proposals provide a more positive and constructive way of progressing the Coronish project to the benefit of all stakeholders, particularly in view of the on-going and in depth exchanges that have taken place with the park authority."
Sangster has said that operating the mine would create 52 full-time jobs and stimulate indirect employment opportunities for locals.
The first application was turned down last August by the Loch Lomond and the Trossachs National Park Authority amid concerns about its environmental and visual impact and uncertainty over the predicted economic benefits.
Scotgold subsequently lodged an appeal against that refusal with the Scottish Government's Department of Planning and Environment Appeals in November 2010.
Last month, Scotgold announced that it had accepted a £600,000 grant from economic development agency Scottish Enterprise to assist in the establishment of the mine facilities, conditional on the company obtaining planning permission.
Scotgold chief executive Chris Sangster said: "The company believes that the revised proposals provide a more positive and constructive way of progressing the Coronish project to the benefit of all stakeholders, particularly in view of the on-going and in depth exchanges that have taken place with the park authority."
Sangster has said that operating the mine would create 52 full-time jobs and stimulate indirect employment opportunities for locals.
