Eurasian Minerals (TSXV:EMX,NYSE:EMXX) has acquired the Neavesville gold-silver property in the Hauraki goldfield of New Zealand’s North Island. The Company also announced the execution of a definitive agreement with Glass Earth Gold (TSXV:GEL), whereby Glass Earth will acquire the wholly-owned EMX subsidiary that controls the Property.
As quoted in the press release:
The Neavesville Property consists of two exploration permits totaling over 30 square kilometers that cover two main centers of epithermal gold-silver mineralization (Neavesville and Chelmsford). One of the mineralized centers, named Trig Bluffs, has a historic near-surface inferred resource of 3.2 million tonnes averaging 2.7 g/t gold and 8.9 g/t silver, and containing 289,000 ounces of gold and 944,000 ounces of silver (R. Brathwaite, IGNS report, 1999; 2001). In addition, a separate higher-grade historic inferred mineral resource of approximately 0.47 million tonnes at 7.1 g/t gold and 20.7 g/t silver, and containing 107,000 ounces of gold and 312,000 ounces of silver, was reported for mineralization at depth beneath Trig Bluffs.