NAE’s Central Otago Gold Project (COGP – Manorburn, OPQ, Lammerlaw) is centred 50-100 kilometres west-northwest of Dunedin within the highly prospective Central Otago Schist/Gold Belt, South Island New Zealand. (Figure 1.) The project tenements are strategically located in close proximity to the recent discoveries by Santana Minerals at the Bendigo-Ophir Gold Project and the World Class Macraes Gold Mine, owned and operated by Oceana Gold.
The Central Otago Schist/Gold “Belt” is regarded as one of the most highly endowed yet underexplored regions in New Zealand. The World Class Macraes Gold Deposit is the largest active gold mine in New Zealand with a Combined Production and Current Mineral Resource totalling in excess of 10 Million ounces of gold. (Refer ASX:OGC) Exploration activity in the region has increased significantly in recent times with the discovery of the Bendigo-Ophir Deposits by Santana Minerals (Current Mineral Resource Estimate 643K ounces of gold. (Refer ASX:SMI)
NAE considers its COGP to have the potential to host structurally controlled orogenic gold mineralisation similar to that at Macraes and to that of the more recent discoveries of Santana within extensions and/or repetitions of the structural corridors of the Hyde-Macreas and Bendigo – Ophir Shear Zones. Numerous historical gold occurrences have been reported from within each of the project tenement areas confirming the potential of each to host significant mineralisation. (Figure 2.)