Full Metal Minerals to Acquire Puhipuhi Gold Project (20 April 2018)
Evolution Mining Offloads it’s New Zealand Puhipuhi Exploration Project. Puhipuhi is an Exploration Stage epithermal gold project on the North Island of New Zealand.
Full Metal Minerals will pay C$50,000 upfront for the project and up to $5.5 million in milestone payments, which can be made in shares. Evolution acquired Puhipuhi from De Grey Mining in 2015 for A$370,000. Evolution spent over NZ$5 million on exploration including extensive soil geochemical surveys, 24 line kilometres of geophysics surveys and 3800m of diamond drilling. FMM has raised C$1.25 million in connection with the transaction. Evolution has been focusing all of its recent exploration efforts on its Australian projects….
And our response to this news? On the ball as usual the Action Coordination Group responds swiftly, ‘ Local Resisters Warn the New Company Off…’ Sunday, 22 April 2018, 6:52 pm
Press Release: Action Coordination Group –
The Action Coordination Group is a working coalition of Ngāti Hau Kuia Kaumatua, the Ngāti Hau Anti-Mining Group, the Ngāti Hau Resource Management Unit, and MineWatch Northland.
Here’s a Great Waatea News Audio Interview with Vaughan Potter from Ngati Hau Anti Mining Group.. dated 23 April 2018 ‘Puhipuhi licence flicked on!’
Northland hapu Ngati Hau has new adversaries in its battle to prevent gold mining in its rohe. Canadian miner Full Metal Minerals Ltd has announced it has acquired two exploration permits from Australian company Evolution Mining, subject to approval from the Toronto Stock Exchange.
The permits cover Puhipuhi and much of the Russell Forest. Ngati Hau has opposed mining at Puhipuhi since the 1980s because of its concerns over potential discharges of mercury and other contaminants into waterways, Vaughan Potter from Ngati Hau Anti Mining Group says Evolution struggled at Puhipuhi because of local opposition, and new entrant can expect the same.
Tim Howard from Mine Watch Northland says the company announced last June it was withdrawing from Puhipuhi it said it was because tests showing insufficient reason to continue.
The sale of the licenses indicates the real reason it left was because of strong resistance they received from tangata whenua and community-based organisations.
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