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  1. #1151
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    At least the Govt seems to have figured out that a few million spent on surveys and then made available to exploration companies, would be a good investment.

    12/10/2016 — Gold
    Surveys to hold up prospecting permits
    By Simon Hartley
    Prospecting permits will not be issued for metallic minerals across much of Otago and the South Island until mid-2018, as permit agency New Zealand Petroleum & Minerals (NZP&M) completes its $8 million aeromagnetic and soil geochemical surveys.
    Under the prospecting permit exclusion, just put in place by Minister of Energy and Resources Simon Bridges, permits can still be applied for mineral exploration and mining.
    The aeromagnetic data helps identify mineral deposits and information on faults, aquifers, and soils, measuring the earth's magnetism and naturally occurring radiation.
    Of the total $8 M being spent on new data, about $6.4 M is being spent on the aeromagnetic and soil sampling.
    NZP&M manager-commercial, analysis and investment David Darby said in his latest update that the Murchison survey will create a link between the Nelson and Marlborough surveys, and the Government's 2013 survey of the West Coast.
    “Once complete we will have a seamless data-set linking Nelson and Marlborough with the West Coast.
    “It will mean aeromagnetic data has been gathered over more than 30% of the country,” Darby said.
    He said the data gathered is available, free, to the resource's industry and provided valuable information for potential investors which could help sway investment decisions.
    NZP&M similarly also undertakes seaborne hydrographic surveys of the seabed, also to entice oil and gas explorers to New Zealand.
    The exclusion of applying for prospecting permits runs from last September to July 2018, with the reservations in total covering more than 17,626 square kilometres.
    Simon Bridges said prospecting permits for metallic minerals would not be granted or extended in relation to three separate areas of land around the South Island, including the reserve areas in Otago and Murchison.
    Under the wider aeromagnetic survey, undertaken by helicopters and fixed-wing aircraft, areas being covered included east Nelson, Murchison, North and Central Otago and South Otago and Southland.
    The Otago-Southland survey started in January and was now more than 45% complete and will restart again in the summer of 2016-17.
    The North Otago part of the survey restarted in mid-September and was expected to be completed by November.
    “So far this part of the survey has acquired approximately 53,000 line km of geophysical data,'' NZP&M said.
    The Marlborough District Council and Venture Southland; representing Environment Southland, Southland District Council, Invercargill City Council and Gore District Council had partnered with NZP&M on the project, which would provide them with information on geological hazards, including fault lines, regional water resources and information on climate, soil and geology.
    *Simon Hartley is senior business reporter and assistant chief reporter for the Otago Daily Times.


  2. #1152
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    The Toronto stock exchange has approved the reverse takeover of CRP by AXG, which means CRP will have all AXG's assets, being a small amount of cash and the TSX-V listing. In the big document they filed on Sedar, it looks like Simon Henderson isn't a big part of the new operation.

    http://www.nzresources.com/attachmen...atemen_lrt.pdf

  3. #1153
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    An Australian company is looking to raise cash to develop Neavesville, just above the WKP area. Glass Earth /Antipodes couldn't raise the cash or access for their attempt a few years ago, even when they were backed 50% by Geoff Loudon.

    6/3/2017 — Gold
    Neavesville the focus for Australian float
    By Ross Louthean
    One of the identified gold regions in the Hauraki Goldfield is to be the prime asset in a new Australian float.
    A company called E2 Metals Ltd has released a placement prospectus for the issue of 40 million A20 cent shares to raise $A8 M for an IPO that hopes to list on the Australian Securities Exchange in early April.
    The principal target is the Neavesville prospect, a known target for epithermal gold-silver in the Hauraki goldfield, and the 51% owned Mount Hope project in the Cobar copper-gold field in New South Wales. E2 plans to acquire the other 49% equity in the Australian project.
    Under the proposal the company plans to offer a loyalty option for every three shares issued in parcels greater than $A2,000 in the IPO.
    E2 said the Trig’s Bluff prospect at Neavesville has a JORC-compliant inferred resource of 1,489,500 tonnes grading 2.58 g/t gold and 9.69 g/t silver. The prospectus said Trig’s Bluff was open at depth, up dip and down dip.
    The prospectus shows E2 already has 30.37 M shares on issue.
    The non-executive chairman Martin Donohue was founder of listed ASX company Kidman Resources, and managing director Simon Peters is a mining engineer and executive director Christopher Spurway a geologist who has worked on the Neavesville project for five years.
    Neavesville is 15 km south-east of the historic Thames goldfield and 20 km north-west of Golden Cross which was a recent mining operation for US company Couer d’Alene.
    There are three principal targets at Neavesville – Neavesville, Oneura and Chelmsford and the most advanced being Trig’s Bluff at Neavesville and the Ajax prospect.
    Neavesville is on land owned by Trustees of the Pakirarahi Number One B Trust and Trustees of the Pakirarahi Number Two Trust. A joint venture and access agreement has been with the Number One B Trust covering 1,409.5 hectares and this contains Oneura, Chelmsford and the Ajax prospect.
    When the now disappearing Antipodes Gold (by going into a reverse takeover with Chatham Rock Phosphate Ltd) was operating in the Hauraki goldfield as Glass Earth Gold it attempted to acquire Neavesville, but the quest failed undoubtedly due to Glass Earth’s diminishing cash.


  4. #1154
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    Update: E2 Metals raised $6mill, they have recently listed on the ASX, and they are ready to drill immediately at Neavesville.

    http://e2metals.com.au/new-zealand/t...ville-project/

    GEL/AXG had a right to hold this permit, but relinquished it in March 2014 as part of their meltdown in the South Island.

  5. #1155
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    Oceana Gold is putting two new tunnels into an area near the existing Martha pit, around the bottom level. This is for grade checking.

    But also, a presentation included a page on drilling and mapping programmes on the Coromandel, with the majority of the expensive work going in at the WKP permit. 6,000mtrs of drilling is underway. That could produce say 30 new drills at 200mtrs each. It's a scale well above what Glass Earth achieved, and with costs in the region of $1,000 a metre at WKP, it'll cost them $6mill for those drills.

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