Anglesey Council says an application for a major solar panel park at Bodorgan Estate has been approved, with the condition that talks between the developer and the local authority continue with the Gwynedd Archaeological Planning Service, to determine whether there are historical relics on the site.
The planning permission will be released once these talks have been resolved.
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Ron Pitman, 71, will get a "finders fee" for discovering the ring, which is made up of around 81% gold and 9% silver.