‘Business as Usual’ says Newmont Waihi Gold
Newmont Waihi Gold’s joint venture partner Glass Earth Gold has announced its most recent drilling results from their
WKP gold-silver prospect located 10 kilometres northeast of Waihi.
Newmont’s External Affairs manager Kelvyn Eglinton says that, while encouraging, the results are just ‘business as
usual’.
‘Drilling programmes like this provide us with a wide range of information on what is under the surface, but we have
only drilled three holes to date, and have yet to complete all the core logging and data analysis. Far from being a
multi billion-dollar deposit as has been reported in some media, these recent results simply allow us to begin to refine
our targets’.
‘It’s a bit like fishing’, says Eglinton, ‘You get a few nibbles and you are encouraged to stay out a bit longer. But a
few nibbles just tells you where it might be good to fish, it doesn’t mean that you are going to come home with an
armload of big snapper’.
Eglinton says that there is much more work to do before any results can be confirmed. ‘Now we have completed the first
drilling programme, we need to analyse all the data, refine our targets and complete further drilling before we are in a
position to draw significant conclusions’.
‘Gold mining today isn’t about instant bonanzas. It’s about extensive investigation, data collection and analysis. It
might not be exciting, but that’s the business’.
ENDS