Glass Earth Gold has announced an NI 43-101 compliant mineral resource estimate for the Wharekirauponga (WKP) Gold Project of 1.3 million inferred tonnes @ 6.2 grams/tonne gold and 9.3 grams/tonne silver for 260,000 gold ounces and 390,000 silver ounces.
The estimate is part of an NI 43-101 Technical Report that has been filed for WKP, which is held by the Hauraki Joint Venture (HJV) of Newmont Waihi Gold (65%) and Glass Earth (35%). The project is in the southern Hauraki Goldfield, 10km north of Newmont Waihi Gold's Martha Gold Mine and 110km southeast of Auckland, New Zealand’s largest city.
The report was prepared by Roscoe Postle Associates, a consulting firm which has been retained by the HJV to prepare the mineral resource estimate and a supporting independent Technical Report on WKP.
The resources are contained within discrete vein structures within five mineralized vein domains.
Glass Earth Gold’s CEO Simon Henderson says, “It gives us great satisfaction to present to our shareholders this NI 43-101 Technical Report and resource estimate which confirms WKP’s potential, based on vein mineralization that demonstrate three-dimensional continuity, as well as attractive thickness and grades.
“The HJV is encouraged by these results and is committed to pursuing further drilling and assaying to expand this resource. Our focus will now be placed on the recently discovered TStream breccia vein and structures related to the EG structure that show the best promise for additional resources, as they host a style of mineralization similar to major gold mines in the vicinity, namely Martha, Favona, and Golden Cross.”
Glass Earth is one of New Zealand’s most active gold exploration companies with landholdings proximal to producing deposits and cash flow from its wholly-owned placer projects. With an experienced geological team the company is exploring promising gold prospects across both the North and South islands.