The Sam’s Creek Gold project near Takaka in the Nelson province is believed to be the largest undeveloped gold field in this country.
The project is located approximately 100 kilometres north of the Reefton gold field. Australian Stock Exchange listed and Perth-based explorer MOD Resources owns 80 percent of Sams Creek through subsidiary Sams Creek Gold Ltd.
MOD Resources’ managing director Julian Hanna is a Kiwi. “The current downturn in the market has provided a rare and exciting opportunity for us … as we look to maximise the value of this prospective and underexplored geological region.”
Another New Zealand connection is University of Otago educated geoscientist Terry Grammer, who played a key role in the discovery of high grade nickel deposits at Forrestania in Western Australia for Western Areas NL, when it was run by Julian Hanna – who remains a non-executive director of that company. Grammer was a joint winner of the Prospector of the Year Award by Australia’s Association of Mining & Exploration Companies in 2000.
Grammer also played a prominent part in the discovery of the Cosmos nickel find in West Australia by Jubilee Mines. This was later sold for billions to Xstrata Nickel. By Peter Owens.