Airborne Geophysical Survey Data Sets Released

Airborne Geophysical Survey Data Sets Released
To the Public And Scientific Community

All data from Glass Earth Gold’s aerial geophysical survey of Otago has now been fully released so the scientific community and general public can benefit from the rich information found in the $5 million project, Glass Earth Gold CEO Simon Henderson said today.

Glass Earth has flown two of New Zealand’s largest airborne geophysical surveys covering the Central Volcanic region in 2005 and the Otago region in 2007

“The enormous data sets from these surveys have been progressively released and are now fully available to the scientific communities and general public for further analysis and interrogation’’, Mr Henderson said.

The Central Volcanic region and Otago region surveys flying costs alone were approximately $6m. This included a significant contribution from the Otago Regional Council (“ORC”), which allowed for better coverage and density of data sets in the Otago survey.

The ORC was supplied with complete copies of the Otago data sets upon completion of the survey as part of this arrangement.

“Surveys of this nature are the way of the future in terms of understanding the underlying geology over large areas and have been successfully carried out in several states in Australia”, Mr Henderson said.

Surveying is underway by various local authorities to carry out similar surveys in Northland and the West Coast of the South Island. Glass Earth, as a pioneer of this approach in New Zealand, supports this development.’’

The complete data sets have been lodged with (and are available from) New Zealand Petroleum & Minerals, the Crown entity charged with managing the Government's oil, gas, minerals and coal resources.

More information about Glass Earth can be found at www.glassearth.co.nz

About Glass Earth Gold Limited

Glass Earth is one of the largest New Zealand-based gold exploration companies exploring a land position of approximately 10,800 square kilometres in the North and South Islands.

In the North Island, exploration efforts are focused on large epithermal gold systems in the Hauraki/Central Volcanic Region. This Region is host to the 10 million ounce Martha Gold Mine, (Newmont Mining).

Hauraki Region -- Glass Earth occupies a significant ground position adjacent to the Waihi/Martha Gold Mine; The Newmont-Glass Earth Waihi West JV (Newmont earning 60%) and Hauraki JV (North and Central Areas - 65/35) are currently being explored and managed by Newmont.

Central Volcanic Region -- Glass Earth has defined several significant epithermal gold targets in this region including the Muirs Reef project (Mamaku district).

In the South Island, exploration efforts are focused on the Otago Region for mesothermal "Macraes-style" gold targets and placer/alluvial gold.

© Scoop Media