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RISE AND SHINE
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Key Facts
Location:
New Zealand
0 km of CENTRAL OTAGO Commodities: Gold
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Comparable Properties
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Latest Information  June 10, 2009 Glass Earth Gold announced that it has entered into an option agreement with CanAlaska Uranium to acquire 70% of the common shares in its wholly owned subsidiary, Golden Fern Resources, by funding up to NZ$900,000 (C$640,000) of exploration expenditures by October 1, 2011. Golden Fern has a concurrent Joint Venture with OceanaGold over the Rise & Shine prospect (EP 40 481) in Otago, New Zealand. December 31, 2005 A total of 1,508 metres RC percussion drilling (15 holes) were completed to test targets at the Rise and Shine, Alluvial and Come in Time prospects. Drill results have indicated zones of enriched gold mineralisation at each of these prospect areas, locally containing higher-grade intersections. Further drilling is anticipated to be completed during the first half of 2006 to infill and extend the zones of mineralisation previously identified. December 31, 2005 A total of 1,508 metres RC percussion drilling (15 holes) were completed to test targets at the Rise and Shine, Alluvial and Come in Time prospects. Drill results have indicated zones of enriched gold mineralisation at each of these prospect areas, locally containing higher-grade intersections. Further drilling is anticipated to be completed during the first half of 2006 to infill and extend the zones of mineralisation previously identified. |
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