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The Associated Press April 16, 2012, 09:57AM ET

In Israel, ex-Mossad chief pans for gold

A company chaired by the former chief of Israel's Mossad intelligence agency says it wants to search for gold in southern Israel.

Meir Dagan directed the Mossad from 2002 to 2010. In 2011 he became chairman of Gulliver Energy Ltd., an oil, gas and minerals exploration firm based near Tel Aviv.

Gulliver Spokesman Dror Sharvit says a subsidiary for the company has requested a license to perform exploratory drilling and aerial surveys of 43 square kilometers (16 square miles) near the southern city of Eilat.

Israel's Ministry of Energy and Water Resources said Monday it is considering the request. In April, the ministry approved a permit for Gulliver to search for uranium.

Israel has few natural resources, although it has discovered large natural gas deposits in recent years.

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