New Age Exploration Limited (NAE) has announced the commencement of fieldwork on the initial exploration program within its Mahinerangi and Teviot prospecting permits in Otago, New Zealand.
Dr Doug MacKenzie from the University of Otago has commenced geological mapping to identify potential shear zones that may host gold mineralisation, and has also commenced soil sampling for arsenic (a pathfinder element for gold within the Otago Schist) using a portable hand-held XRF device.
NAE’s Managing Director, Gary Fietz – who spent four days this month visiting the permits with Dr MacKenzie – said proposals have been sought from technical consultants to undertake the bulk of the soil sampling program in order to expedite the work program.
He said the initial exploration program aims to identify drill targets based on soil arsenic anomalies and/or mapped shear zones which way host Macraes style gold deposits in the south of the Otago Schist belt within the company’s permits.
“It was exciting to be on the ground at our OSG exploration project over the past 2 weeks with Dr Doug MacKenzie,” Mr Fietz stated.
“We visited the Macraes Mine, Gabriels Gully (NZ’s largest alluvial gold deposit ~ 10km to the south of our permits) and a number of historic gold workings within our permits. The majority of the permit areas have good access for fieldwork and we were able to meet with several of the large landowners and arrange access whilst I was there. We are in the process of engaging technical consultants to assist with the soil sampling given the area that needs to be covered.”