NZ miner Glass Earth Gold strikes ... more gold

Mining company Glass Earth Gold claims a "new and significant highgrade gold intercept" after drilling in the “Central Zone” of the WKP gold-silver prospect in Waihi.

Glass Earth Gold’s president and chief executive officer, Simon Henderson, said that the new intercept displays the full gold potential of the WKP prospect.

“We had already found a broad intersection of over 150 meters of mineralisation across the Central Zone, and to hit highgrade intersections where we didn’t expect adds real excitement to our current exploration.”

The mining company had drilled through to a 9.7-meter interval, resulting in a find of over 17 grams/tonnes of gold and over 24 grams/tonnes of silver.

Glass Earth Gold’s (35%) and Newmont Mining’s (65%) joint venture began drilling exploration at Waihi’s WKP prospect with DDH WKP 24 in March of 2010.

Glass Earth Gold is one of New Zealand’s largest gold exploration companies, with the miner having held a net cash position of C$3.6 million at the end of the fourth-quarter in 2011 to fund exploration progress.


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7245 -0.0014 -0.19%
AUD 0.9623 0.0046 0.48%
EUR 0.6494 0.0009 0.14%
GBP 0.5533 -0.0004 -0.07%
HKD 5.6184 -0.0102 -0.18%
JPY 74.5200 0.5660 0.77%

Commods

Commodity Price Change Time
Gold Index 1313.0 -10.700 2016-08-30T00:
Oil Brent 48.7 -0.720 2016-08-30T00:
Oil Nymex 46.3 -0.640 2016-08-30T00:
Silver Index 18.6 -0.190 2016-08-30T00:

Indices

Symbol Open High Last %
NZX 50 7388.9 7397.2 7387.9 0.03%
NASDAQ 5229.9 5241.6 5232.3 -0.18%
DAX 10588.7 10688.5 10544.4 1.07%
DJI 18491.3 18514.3 18503.0 -0.26%
FTSE 6838.1 6851.8 6838.1 -0.25%
HKSE 22945.1 23073.5 22821.3 0.85%
NI225 16691.0 16752.2 16737.5 -0.07%
ASX 5478.3 5478.3 5478.3 -0.30%