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  1. #381
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    The WKP drill site is on permit 40598. If the drawing is to scale, this is nearly opposite Whiritoa Beach and up in the forested hills. Golden Cross Mine is similarly positioned, that's rugged looking country, all folded.
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  2. #382
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    A bit of looking on google reveals that Alton Drilling, a specialist exploration drilling contractor, is doing work for Glass Earth.
    The photos on this link might include the Serpentine location.

    http://www.altondrilling.co.nz/current_projects.html

    Some clever search engine optimising on the GEL website is bringing it to the top of Glass Earth google searches. That will be useful. Here's a page from the website:

    Glass Earth Gold is building shareholder value with concentrated, science-driven gold discovery and development throughout New Zealand.

    With a strong geological and management team, substantial and highly strategic land holdings, and a secure and sustainable funding base, Glass Earth Gold is well positioned to pursue and attain its objective - discovery of new large gold deposits in New Zealand.

    Glass Earth Gold presents a positive and unique gold exploration opportunity:

    Underpinning Value: by holding substantial land holdings of over 9,000 km2, with key positions beside New Zealand's major gold producers (including exciting exploration progress in joint venture with Newmont Mining adjacent to their 10 Million oz Martha Hill mine, and identification of deposit signatures with hallmarks of OceanaGold's 7 Million oz Macraes Mine in Central Otago) Glass Earth Gold has created a strong foundation for effective gold exploration.

    Upside Potential: Glass Earth Gold's experienced and successful technical team have proactively identified drill-ready targets with company-changing potential throughout New Zealand - a jurisdiction with minimal sovereign risk or indigenous issues, world-class infrastructure and personnel, and sound environmental standards.

    Sustainable Exploration: the company protects shareholder investment, allowing sustainable and meaningful exploration, by profitably developing and producing placer gold. With existing gold production projected to cover company-wide G & A expenses by the end of 2011, and significant expansion forecast for 2012, placer development represents a highly effective financing tool to accelerate Glass Earth Gold's hardrock exploration.
    The 'identification of hallmarks of a new large signature' part must be referring to Serpentine, 90% owned by GEL (and maybe Fruidburn/Game Hen, see post 413). On the TSX-V side, shares are for sale from 28c Canadian, just the odd small player selling at the market buy of 25c. This share could move quite quickly on any more good assay news, IMHO.
    Last edited by elZorro; 04-07-2011 at 06:42 AM.

  3. #383
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    Until there is a bit more faith in the NZAX/NZX, most of the action for GEL will occur over on the TSX. Major shareholders and capital are domiciled over there, and GEL is listed on the Venture exchange. It may be my omission that I didn't find the October 2010 presentation, but I have a feeling that although the document was being presented to investors overseas, it was not posted to the old GEL website. It might have been put on the CHFIR website client page in October, but the rest of the data there is well out of date. This helps explain the curious activity with the TSX shares, which are identical to the NZ ones, just the exchange rate should separate them on a given day. You can see that GEL shares reached a peak of 43c Canadian, on big volume compared to any NZ trading. Given some good news, there is no reason why the shareprice couldn't get there again, especially when you place any sort of value on the drilling results so far. This will amount to a good short-term capital gain of near 100%, which partly explains my intense interest of course. Longer term, GEL could follow OGC and be listed on the NZX, maybe even try for the NZX50 later.

    In September 2010, GEL signed up Loeb Aron & Co, UK, as an investment advisor or provider from that region. Here's a radio interview with Frank Lucas, the legendary managing director of Loeb Aron, talking about Lydian Mining (LYD:TSX) in March 2010. That gold explorer (was similar size as GEL) had a 300% shareprice increase in 2010.
    http://commoditywatch.podbean.com/20...h-frank-lucas/ No point looking at their website, you won't see anything useful. However, Frank has been accurate in predicting that mining would rebound strongly from its big drop in 2009.
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    Last edited by elZorro; 02-07-2011 at 06:42 PM.

  4. #384
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    There has been some mention of Fruidburn as another good target for a large gold find. While looking this up on Crown Minerals, I saw many other applications from Glass Earth in the pipeline. The company is really going for it at the moment. The Fruidburn site is about 12km north of Beaumont in lower Otago. GEL is applying for EP53190 and PP53347 (encompasses the site, Lammerlaw title, 305 sqkm). Far from giving up on Otago, GEL is moving to protect the best finds from the Initiative.

    Note Hindon and Game Hen were/are close together, but further east, my mistake.

    I remembered the Stockhouse forum was also puzzled over GEL's increasing volume in October 2010: one of their posters found this Byron Capital report from September 2010. GEL on page 12.

    http://byroncapitalreports.com/Gold%...9-07-2010).pdf I don't think that light report produced the volume and price change, nothing happened in September (apart from a massive purchase later in the month).

    In early September Sprott AM, Herbert Abramson and Woolwich International each had about 10% of the shares.

    The clear message to Glass Earth management must be that investors (even the little guys) deserve clear and open communications and the open and speedy display of any new internally-generated report for investor consumption. We must find it clearly on the new website, not have to wait months for it to be posted. How can the two markets be linked up if one set of investors have an extra set of well presented (new) data? I'm sure there are continuous disclosure rules that every listed company has to follow, these are fundamental to the market.

    Someone from GEL could always post here, if I have it wrong.
    Last edited by elZorro; 08-07-2011 at 06:40 AM. Reason: Mistake on Game Hen

  5. #385
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    Very interesting, elz.

    I thought so too, elz2.

    You do know it's the first sign of madness elz?..

    Well, I was just hoping that NZ investors would get in behind this emerging gem of a company and make some real capital returns. Let's not leave it all to the Canadians..

    We're keener on pumping up the Aussie shares from over here elz..

    Yes, but this is such a small Mcap at the moment that even NZ investors could have a big effect on it, surely?

    Look, you're being far too optimistic as per usual.

    Maybe, maybe not. Wait and see.



  6. #386
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    All cheap GEL shares were snapped up on the TSX overnight, and that wasn't me. The price ended up matching the NZ price at the end of trades here. GEL shares over there are now in short supply, higher priced. Anything could happen from here, but if you look at how Glass Earth has taken in well over $20mill in capital (probably more like $40-$50mill), has spent it carefully and yet has an Mcap of around $20mill now, you have to wonder if that is a fair price.

    The big investors will be wanting a bit more than 40c for their shares, some were purchased for $1 or more. And GEL does have a lot of IP and permit areas locked in, a possibility of several million ounces of gold in-ground already, more to come. If parts of this IP were sold off, for example the rest of WKP in the near term, what would it fetch?

    For instance, Waipori region in Otago: no mention for quite a while, but these permits EP53229 (Lee Stream) and PP53350 (Black Rock) are in the process at Crown Minerals. Note the close and appropriate proximity to Gabriel's Gully, the site of the first major gold rush in NZ.
    Last edited by elZorro; 05-07-2011 at 09:29 PM.

  7. #387
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    It's just before closing on the TSX, GEL shares are now at CAN 33.5c, on their way back up. US$gold is also on the rise to about $1510/oz.

    A lot of the new EP's and PP's filed by GEL in Otago have a 10% partner, New Zealand Minerals Ltd. This looks to be a straightforward private company, the only shareholder is a Mark Gunton, of Westgate fame, Auckland. Mr Gunton works with Bryce Donne in property investments, but must have an intense interest in minerals for investments too.

    http://metalsplace.com/news/articles...on-west-coast/

  8. #388
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    The news out yesterday/today that two board members didn't seek re-election, was a bit interesting. Paul Jones is still there however, retaining links with SAS, St Andrews Gold. There will be five on the board once another director is appointed. Note both the price and the OBV of the share is rising quickly on the TSX.

    I have found the EP and PP areas surrounding Game Hen, which has been mentioned in despatches as another 'hot spot'. These are still in progress at Crown Minerals. The bigger PP 53346 (34,780Ha) is called Ross, and the EP 53181 beside it is called Game Hen. Both are near Waipori (Lee Stream).

    US$Gold is on the way back up again, although some say it will rest around here ($1530) and go on to new highs later on in the year. That would be the normal annual pattern. With a lot of uncertainty still around in the markets, at least GEL, a local greenfields explorer with multiple prospects, gives some hope of phenomenal or breakout gains over the next few months. It would be good to see the return of the annual exploration brochures. I can't remember when the last lot of coloured printing arrived in the mail from Glass Earth.

    Here's a map from the 2009-2010 exploration brochure, it's on the GEL website still. (Some other old but useful articles are not).

    NZResources article from today:

    Glass Earth Gold retains its NZ directors
    Ross Louthean — 8 July 2011

    Active New Zealand gold explorer Glass Earth Gold Ltd (TSX-V & NZAX: GEL) is now looking for additional directors following the decision of two of the Canadian directors not to seek re-election.
    The annual meeting in Vancouver last week saw the retained board including chairman John Dow, chief executive Simon Henderson, Peter Liddle the chief financial officer and Paul Jones as an independent director.
    Departing were Richard Billingsley and Stephen Burns, both of whom did not seek re-election.
    Glass Earth Gold is one of the largest New Zealand-based gold exploration companies with a land position of about 10,000 square kilometres in the North and South islands.
    In the North Island, exploration efforts are focused on large epithermal gold systems in the Hauraki/Central Volcanic Region.
    In the North Island’s Hauraki Region Glass Earth has significant ground position around Newmont Mining’s Waihi gold operations – including the Waihi West JV, Hauraki North and Central Areas JV’s with Newmont Mining.
    A key focal point has been the WKP prospect north of Waihi with Newmont where drilling has shown up a major gold-silver epithermal system.
    In the Central Volcanic Region the company holds the advancing Muirs Reef prospect, while on the South Island there has been a focus on the Otago region for mesothermal deposits of the Macraes-style and also for alluvial gold from which the company is generating a cash flow from operating joint ventures.
    Shareholders at the Vancouver meeting were told Glass Earth ranks highly its Game Hen prospect in Otago.
    Last edited by elZorro; 08-07-2011 at 07:12 PM.

  9. #389
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    Glass Earth is really seeing some interest on the TSX overnight. It is at CAN 45.5c currently (still 1/2 hr to go), with good volume of 410,000 shares traded. Might look a little peaky, and this is the highest the share has reached since mid 2008.

    To assume it will drop back to where it came from, is to ignore this list of submitted permits with Crown Minerals, which can be accessed by anyone to check details, using the internet.

    EPs (proposed exploration permits)
    53142, 53174,53180,53181,182,183,184,185,186,188,189,190, 191, 229,52700

    PPs (proposed prospecting permits)
    53295,296,297(big),298,345(big),346,347,349,350,35 1, (52793,53341) EOL

    MP (Mining permit) 53653

    It would be great to see this data on a giant wall chart, but I'm sure it will cover a substantial part of Otago. Being a second wave of permit applications based on previous research, this won't be a scattergun approach.

    This might be one of those days when NZers like me have to show some faith in a locally operated explorer that has done its hard graft, and is ready to make a difference over here. It is incredibly undervalued, it's right on our doorstep, it's likely to be a multi-bagger. JIMHO.

    Speaking of faith, JBMurc and Yankiwi seem to be the keenest, based on their NZX share picks for the annual comp http://www.sharetrader.co.nz/showthr...l=1#post349864. JB's chances of hitting the top are improving every day..Yankiwi I'm not so sure about your HGD pick, but who knows. Best of luck to both of you anyway.
    Last edited by elZorro; 12-07-2011 at 07:48 PM.

  10. #390
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    GEL had another good trading day on the TSX overnight. I think the buyers there are certainly looking over at the NZ shareprices, but even with a small drop and 400,000 shares purchased, they valued Glass Earth at NZ55c, MCap NZ$32mill.

    There has been a bit of the green-eyed monster from some of the hobby dredging people about Glass Earth. Already, large amounts of Otago were freed up when the Initiative expired. Glass Earth is moving to protect the best parts of this space, and anyone can do the numbers and see that it will cost several hundred thousand a year to pay the fees alone. The work that GEL shareholders have paid millions for, will be released to Crown Minerals in due course, and so the whole of NZ's mineral sector will benefit.

    Until the small miners stump up with equivalent capital funding and expertise, they should not grumble too much about what Glass Earth is doing. I'm sure the focus of most funding will remain with hard-rock large discoveries, not alluvial dredging sites. It's a win-win.

    The question remains, what do NZ traders and holders consider the fair value of Glass Earth to be at the moment? US and Canadian investors say this share is looking very interesting. It seems to me that TA and FA research agree - GEL shares are due for a breakout. Worth a small punt in any case.

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