AXG - Antipodes Gold [formerly GEL - Glass Earth]

[elZorro]

Released overnight for the TSX market: Newmont is drilling at WKP again.

http://www.marketwire.com/press-rele...el-1593338.htm

The WKP30 results are finally revealed, not too exciting as we'd guessed. But 9mtrs at 1/10oz (3.5g/tonne) isn't all bad. Simon Henderson reveals that WKP South has a strike potential of at least 1,000 metres, that the latest drilling program is a substantial one for infill and expansion purposes, and that the host rock underneath is Andesite, another good sign. The WKP area is referred to as being very large.

Simon Henderson, President and CEO, commented that, "The WKP Project represents a substantial zone of very encouraging gold-silver mineralisation, with three major zones of gold/silver enrichment in a very large and fertile epithermal alteration system of significant dimensions."

There's no doubt GEL are stepping up their promotion, especially on Stockhouse. This press release has also gone out to a lot of mining broadsheets. WKP looks more and more like a site that would suit Newmont's equipment and plant really well. Who knows, maybe the press releases were put on hold until after the election. I would guess National being voted back in has been a favourable outcome.

Here's the latest map of the area, note that the area to the south of WKP South has an arrow indicating an expansion drilling direction. Will this be WKP South South?

A bit more interest being shown in the share today. Has to be better than HGD doesn't it?

More on the Muirs drilling program from NZResources today.

New round of drilling on Muirs Reef

Ross Louthean — 2 December 2011
A new round of drilling is being undertaken by Glass Earth Gold Ltd (NZAX & TSX-V: GEL) on the Muirs Reef prospect in the Hauraki goldfield to follow up earlier positive exploration.
Glass Earth fully owns Muirs Reef which is 65 kilometres south-east of the Martha gold mine at Waihi – owned by Newmont Waihi Gold – which has so far produced about 10 million ounces of gold and substantially more silver.
More than 43,000 ounces of gold were mined from the Muirs Reef area in the 1930s – from two reefs Muirs and Massey. Glass Earth Gold chief executive Simon Henderson said recent exploration had discovered significant gold near the historic mining areas.
“We are now drilling 17 more holes to further identify gold in the area,” Henderson said.
In 2007 initial exploration showed results in the 0.5-3 grams/ton gold range.
“This work demonstrated an exciting continuous gold prospect over 5,000 metres in length, surrounding the historic Muirs Reef gold deposit.”
“Work since then has indicated the potential for several major new veins and extensions of existing veins”
Drilling so far has found samples of up to 6 g/t in known veins up to 75m deep with surface trenching showing up to 33 g/t in the broadest vein.
“I am hopeful the latest drilling programme to be completed in early 2012 will confirm to international standards that we have a commercially viable gold resource.”
To expand and develop the prospect's zone of identified mineralisation, Glass Earth Gold's recent exploration focused on surface channel sampling. This programme outlined “significant” quartz veining, exhibiting multiple phases of gold deposition, across over 450 m of the prospect's south-west extension.
Earlier work by Glass Earth in the Muirs prospect includes geochemical sampling, multiple resistivity surveys, and diamond and RC drilling.