Mining company strikes gold near Paeroa – RNZ

Mining company strikes gold near Paeroa – RNZ

A mining company that has found outstanding quality gold near Paeroa could face a battle to mine it commercially.

New Talisman Gold Mines has been prospecting at Karangahake Gorge and has found over 300,000 ounces of high quality gold at one of its sites called Dubbo.

The company’s chief operating officer Wayne Chowles said they wanted to begin extracting small amounts of gold early next year.

“We’ve been prospecting and analysing a lot of historic data which provides evidence that the deposit extends far below where we are now and it… [is] excellent gold grades,” he said.

By RNZ

http://www.radionz.co.nz/news/national/335061/mining-company-strikes-gold-near-paeroa