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Heritage Gold flies Waihi aeromag and starts drilling Rahu holes
28 May 2008, Source: Heritage Gold and Lindsay Clark - Gold explorer Heritage Gold has flown an aeromagnetic survey near Waihi in the southern Coromandel and begun drilling at Rahu in its Karangahake tenements.
Heritage says in quarterly report to 31 March 2008 that high-resolution aeromagnetic survey of the Waitete, Waihi North and Golden Valley tenements undertaken in February is now being processed.
Ground magnetic survey data from Waihi North, in an area adjacent to the Martha open pit, is also being assessed. An electrical resistivity survey in the area outlined below was to be completed in April.
Information from these surveys should provide valuable information for determining drill targets. Close-spaced soil sampling in the same area was almost finished.
Heritage stated that Diamond core drilling in the area is planned to begin in May.
Heritage Gold also commenced diamond core drilling in Rahu (EP 40117) in March stating that it could take 4-5 months.
Deep drilling from several possible drill sites is focussed on targets within an anomaly identified by previous geophysical surveys and is based on the drill holes that exhibited the highest anomalous gold values in the 2007 drill programme.
The company is also to undertake a scoping study of the historic Talisman mine. An industry expert will provide a critical appraisal of the study which is expected to be completed by mid-June.