Northland tender important step to scoping gold potential

13 June 2012

Media release for immediate use

Northland minerals tender important step to scoping gold potential in region - Straterra

Straterra welcomed today the announcement today made by New Zealand Petroleum & Minerals inviting tenders for metallic mineral exploration permits in Northland.

Straterra CEO, Chris Baker, said today: “It will be interesting to see who puts in a bid, and what their intentions for the area are.”

Information about permits awarded is to be made public in April 2013, with individual permit areas to be limited to 7500 ha. The tender process follows a recent aeromagnetic survey commissioned by the Government of the region’s metallic minerals prospectivity.

“We can’t say for sure that a new gold mine in Northland will happen, however, we do know that existing gold mines in New Zealand can add hundreds of direct jobs to the local economy, and hundreds more indirect jobs.”

“Of course, any prospecting, exploration, and mining development would be done in an environmentally and socially-responsible, and safe manner,” Mr Baker said. “New Zealand gold mining companies have an exemplary track record in this area.”

ENDS

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