$20b potential for Coromandel gold deposit

Gold deposits potentially worth $20 billion have been confirmed 10km north of the Martha mine in Waihi on the Coromandel Peninsula.Prospecting company Glass Earth Gold confirmed this morning “significant results” from its drilling at its WKP gold-silver prospect, which is an exploratory joint venture with Newmont Mining Corporation.Three holes drilled by the company since March confirmed the presence of gold beyond what was already known at the WKP site.

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