AXG - Antipodes Gold [formerly GEL - Glass Earth]

[elZorro]

The NZPAM site shows some recent applications granted: Glass Earth has dropped permit EP40818, around the Karangahake Gorge area.

More interesting: Waihi Gold Company (Newmont) has been approved to hold prospecting permit PP53325 for two years. This wraps around the seaside holiday destination of Whitianga, further up the Coromandel Peninsular. Brave step that -'just looking thanks'. Isn't there a private kiwi recovery programme up there? But this must be the peninsular area Newmont have been hinting at.

The other map shows the extent of mineral permits around the area north of Waihi -all ground taken-, while across to the other side are coal and gravel permits around Huntly.

Just out on the TSX, a press release from GEL: the first assay from Muirs is out, the latest batch of diamond drilling. Some gold was as shallow as 5-7 metres down. The grade is generally low (good enough for opencast?), but patches of 1oz/tonne have also been found at shallow depths. I think this area is in a small valley, it's rolling to steep country with pasture and low bush on the site, but nearby are kiwifruit orchards, closer to Te Puke. At least the site is not right beside a township, like the Martha Mine, and there is a passable road to it. See earlier posts with a satellite map etc.

A drive down No.4 Road, out the back of Te Puke, will take you to the drill area.

Here are the two image files from the news release: an out-of-date total permit map, and the Muirs satellite detail.

TSX shares went up nearly 16% to CAD 29.5c, but someone quite big has been selling for a few days over there, looks like they've finished for the moment.

Also in the press release:

In the Otago Region - The drilling of highly ranked Hindon and Game Hen gold targets has commenced.

Now that could also be great news soon, let's hope it's not like Serpentine, where we have never been informed what happened there.

Good news (or maybe bad news) for HGD holders: the NZPAM overall map for permits near the Talisman mine clearly shows a brown area that is newly released GEL permits. Either not too prospective, or GEL decided to put its resources elsewhere perhaps.