Tuesday, 9th October 2007 (1439 views)

In an effort to raise funds for planned exploration programmes, the chief executive of Heritage Gold has begun an Australian tour to meet with fund managers and stockbrokers, Mineweb has reported.

Trent Lash told the online mining news provider that over the next year, New Zealand-based Heritage Gold plans to focus an extensive drilling programme on the Talisman mine property located at Karangahake, as well as a new geophysical surveying programme at its holdings at the Waihi property.

According to the company, the Talisman mine has previously produced a million ounces of gold and that recent measurements in a small section of the mine revealed a further 205,000 ounces of gold.

The company's pit at the Waihi property site has yielded eight million ounces of gold thus far, which Heritage Gold expects is a strong indicator of the "world class" performance capability of the Karangahake project.

Trent Lash was appointed as the executive director of Heritage Gold on September 27th 2007.

 

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