New Zealand’s gold mining history dates back to the mid 19th century, when it formed
the financial backbone for the country’s development. Today, New Zealand is still
endowed with significant gold deposits and has two large operating gold mines in the
Martha gold mine at Waihi, and Macraes gold mine in Central Otago. The Martha gold
mine alone has yielded over 9 million ounces of gold and about 50 million ounces of
silver since the 1880s. At current gold prices this represents gross revenues (for gold) of
over US$9 billion (or NZ$15 billion). While New Zealand has large gold deposits,
exploration for and development of new deposits has languished over the last decade or
so. Glass Earth is leading a revival of gold exploration activity using new technology to
model historic gold deposits and locate new economically viable lodes.
Gold Mining Industry
- Martha, Waihi, North island
Opportunity
Crown Minerals
The government regulatory body that governs all prospecting, exploration and mining of
all coal and metallic minerals as well as petroleum.
http://www.crownminerals.govt.nz
New Zealand Minerals Industry Association (NZMIA)
An incorporated society whose main activity is to support the explorers and producers of
New Zealand's mineral resources.
http://www.minerals.co.nz
Australasian Institute of Mining and Metallurgy (AusIMM)
Represents the interests of professionals associated in all facets of the mining,
exploration, and minerals processing industries.
http://www.ausimm.co.nz
the financial backbone for the country’s development. Today, New Zealand is still
endowed with significant gold deposits and has two large operating gold mines in the
Martha gold mine at Waihi, and Macraes gold mine in Central Otago. The Martha gold
mine alone has yielded over 9 million ounces of gold and about 50 million ounces of
silver since the 1880s. At current gold prices this represents gross revenues (for gold) of
over US$9 billion (or NZ$15 billion). While New Zealand has large gold deposits,
exploration for and development of new deposits has languished over the last decade or
so. Glass Earth is leading a revival of gold exploration activity using new technology to
model historic gold deposits and locate new economically viable lodes.
Gold Mining Industry
- two producing operations:
- Martha, Waihi, North island
- brownfields exploration in vicinity of these operations
- no major greenfields exploration programmes for 10-15 years prior to Glass
Earth Gold Limited beginning operations in 2005
Opportunity
- Limited application of modern developments in exploration technology
- New computer developments, software, GPS etc not applied
- Vast amounts of existing data
- No new exploration data sets collected or collated
- Large, highly prospective areas available for exploration
- Glass Earth has moved rapidly to acquire large tracts of land in and around the
most prospective areas
Crown Minerals
The government regulatory body that governs all prospecting, exploration and mining of
all coal and metallic minerals as well as petroleum.
http://www.crownminerals.govt.nz
New Zealand Minerals Industry Association (NZMIA)
An incorporated society whose main activity is to support the explorers and producers of
New Zealand's mineral resources.
http://www.minerals.co.nz
Australasian Institute of Mining and Metallurgy (AusIMM)
Represents the interests of professionals associated in all facets of the mining,
exploration, and minerals processing industries.
http://www.ausimm.co.nz
| . |
Martha Gold Mine, Waihi North Island
(Owned by Newmont)
(Owned by Newmont)
Macraes Gold Project, Otago, South Island
(Owned by Oceana Gold)
(Owned by Oceana Gold)
| Gold mining in New Zealand |
| TSX-V: GEL / NZAX:GEL |