Glass Earth Gold Ltd is announcing 'significant' results from its joint venture drilling programme north of Waihi.

The results are from the third drill hole in the diamond drilling campaign at its Wharekirauponga (WKP) gold-silver prospect, a joint venture with the Martha Mine operator Newmont Gold Corporation.The Wharekirauponga prospect is 10km north of the Martha Mine and 5km northeast of the Golden Cross mine.
"In non-mining terms we've had some nibbles and now we have hooked something - but we haven't got it on board," says Glass Earth's president and CEO Simon Henderson.
More technically they have found a broad, wide system. They have drawn a line through it and drilled four holes across the middle.
Now they intend drilling out at 100 metre intervals towards each of the pointy ends of the football shaped prospect.
"If it is 800 metres long - Martha Hill is 1000 metres long - then it is a world class ore body," says Simon.
It will be another 6-12 months and six more drill holes at $500,000 each to get the detail.
"We celebrate our victories on the way," says Simon.
"We have been waiting six or seven years to be getting results like this and we have invested more than $20 million in New Zealand in the process."
Looked at optimistically, they have drilled four holes into the prospect and every hole has had economic mineralisation in it.
"This has got some legs in it."

The data

WKP 26 intercepted a faulted 2.5m true width quartz vein at 126m within a larger 20m fault zone and a zone of narrow ( andesite dike at 293m. The stockwork zone developed between the large quartz vein and the andesite dike averaged: 178m at 1.05g/t Au and 3.0g/t Ag; including a higher grade zone of 64m @ 2.0g/t Au and 2.6g/t Ag.
The WKP prospect is a 2km mineralized alteration zone, just 10km from Newmont's Martha gold mine at Waihi and 5km northeast of the Golden Cross deposit. The WKP epithermal system has magnetic/alteration characteristics similar to the Martha mine and has open-alongstrike potential for several kilometres southward. Exploration in the late 1980s and early 1990s identified a very extensive altered and gold mineralized system identified as the 'WKP Stockwork Zone' with multiple intersections, including several ore grade intersections.
The current drilling targeting the new WKP West zone, together with Newmont's previous exploration, outlines a new area approximately 180m wide with a strike continuity of over 600m.
The WKP 26 intersection of 178m at 1.05g/t Au and 3.0g/t Ag (including a higher grade zone of 64m @ 2.0g/t Au and 2.6g/t Au) provides further confidence that the WKP West zone represents a significant broad terrain of gold mineralization, Glass Earth said in the announcement to the TSX Venture Exchange (TSX.V: GEL) and the New Zealand Alternative Stock Exchange (NZAX: GEL) where it is listed.
Other WKP 26 intercepts, similar to earlier holes punctuated by individual zones of higher grade, include:
o 1.0m @ 19.1g/t Au, 71g/t Ag from 141m,
o 0.8m @ 24.5g/t Au, >100g/t Ag from 167.2m,
o 0.4m @ 12.3g/t Au, 24g/t Ag from 199.9m,
o 1.0m @ 17.5g/t Au, 24g/t Ag from 204m.
The remainder of the WKP 26 hole contains many narrow ( strongly silicified with locally strong pyrite alteration. This zone contains widespread 0.1- 0.5g/t Au mineralization. The entire zone from just above the quartz vein at 115m to the end of the hole at 552.1m averaged 436.1m @ 0.50g/t Au, 1.8g/t Ag.
As previously reported on July 12, 2010, WKP 24 and 25 intersected broad alteration and intense silicification over wide intervals. WKP 24 intersected 156m @1.6g/t Au, including 1.6m of 30.2g/t Au and 13.8m of 6.6g/t Au. WKP 25 intersected 15m @ 9.3g/t Au, including 1.8m of 61.4g/t Au.
The WKP West zone represents a compelling target in its initial stage of exploration, with the WKP 26 step-out confirming the significant width of gold mineralization consistently greater than 150m. The new mineralized trend also includes legacy drill-hole WKP 8, 200m southeast on the trend of mineralization, including a gold intersection of 17.1m @ 3.8g/t gold, finishing in 4.8m @ 11.6g/t gold.