Glass Earth bullish on Muirs Prospect findings

July 20 (BusinessDesk) – NZAX-listed gold miner Glass Earth Gold Ltd. says it will plan a new drilling campaign based on “significant” results from surface channel sampling at its Muirs gold prospect, south of Tauranga.

“These have discovered significant quartz veining, exhibiting multiple phases of gold deposition, across over 450 metres of the prospect’s southwest extension,” the company informed shareholders this morning.

“The area to the south and west has significant potential. We’ve been encouraged by our previous geophysics, drilling and petrology work,” said chief executive Simon Henderson. “To now uncover consistent alteration, plus high grades, at surface is a positive signal of the scale of what we’re looking at.”

Among results from eight sampling efforts include one 24 metre interval with 5.72 grams of gold and 1.9 grams of silver per tonne respectively.

Glass Earth shares were stable at 62 cents each this morning.

(BusinessDesk)

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