AXG - Antipodes Gold [formerly GEL - Glass Earth]

[elZorro]

The Golden Cross Mine was a second very successful stint in mining gold from the area southwest of WKP. It was a well-run operation by Coeur Gold NZ (80%), and Viking Mining Co (20%). This team still has mining permit no. 322954, although the entire site has been reinstated to farmland, with secure tailings dam, and most equipment removed. Here's a great story about the history of the area.

http://www.minerals.co.nz/html/green_from_gold/gx.html and http://www.minerals.co.nz/pdf/nzmiafaqs310801.pdf

Looks like everything worked out well, and they were a large employer for the district, 243 direct staff at the peak.

If the mineralisation is in the southwest direction down from the WKP sites, wouldn't GEL have been smart to cover all this area in permits? Looks like they did just that, within reason.

Permit 40717 is all GEL's, and it circles all around mining permit no. 51326, which is the Talisman Mine, HGD. Look at the scale of GEL's JV permits, 40598 and 40813 (Glamorgan). Considering GEL has Newmont onside, it looks a safer bet in many ways.

EP 40598 is also a bit unique in that most minerals are included, not just gold and silver. Glass Earth's research is capable of picking up other metallic and useful resources, as well as geothermal hotspots.

At this point, you have to admit that it might have cost a bit of capital funding to get it underway, but their data and permits are now looking like they are worth a lot of moolah.