AXG - Antipodes Gold [formerly GEL - Glass Earth]

[elZorro]

The February 2011 newsletter from Glass Earth might show the start of pitting tests at Drybread (somewhere in the Manuherikia Valley), as GEL didn't have a mining permit for it at that stage.

http://glassearthgold.com/i/newslett...wsletter13.pdf

There is a photo there of the other reasonable-sized GRU (GRU#2) that Glass Earth Mining now owns. (No change to the company records has been done yet). Drybread permit currently has a pilot plant (GRU#3) operating on it, however there has been some kind of teething problem alluded to. But this plant will probably do not much more than point out where to initially site GRU#1 in June. No doubt there will be some earthworks to create a pond for it to work in.

Meanwhile, the Gunclub permit is running with GRU#2, producing about 2,000 oz per year. This permit has been called an alluvial placer area. This GRU is big enough to require a digger to feed it, but it is smaller than GRU#1 (photo from the Glass Earth website). GRU#2 has to sit on a gravel foundation above a tailings area, whereas GRU#1 floats in a pond.