£200 million worth of gold discovered near tiny Scottish village

Whitewashed cottages in the village of Tyndrum, Scotland

A small village in Scotland is set for a £200 million gold rush.

Tyndrum, near Loch Lomond, is believed to have more of the precious metal than previously thought.

The Daily Record reports that Australian company Scotgold Resources is trying to establish Scotland's first commercial gold mine around the tourist village.

The mine could create 52 full-time jobs in the area.

According to Metro, a recent study found that 248,000 ounces of gold could be harvested. The rare metal is currently trading at £850 an ounce.

Fiona Robertson, a partner in local shop Green Welly Stop, told the Daily Record: "It's good news if the mine is finally opened, but we have a history of people finding gold here."

Last year, a hoard of Viking treasure was unearthed by a metal-detecting enthusiast in one of the most significant finds of its kind ever made in Scotland .

More than 100 objects, some of them made of gold, were discovered on church land at an undisclosed location in Dumfries and Galloway.

The "historically significant" find was made by Derek McLennan, 47, a committed metal detector user who had been searching the area for the last year.

The rich hoard of artefacts, many of which are unique, included some of Carolingian (west European) and Irish origin. The material comprised many silver ingots, armbands and brooches, as well as several gold objects, Scotland's Treasure Trove Unit announced.