A valuable gold deposit worth an estimated $2 billion has been discovered at New Zealand’s Snowy River Mine.
The mine, located near Ikamatua on the West Coast, has revealed a substantial amount of quartz reef containing gold at depths of approximately 850 meters. This discovery marks the first time gold has been found at the Snowy River Mine, following the historically rich nearby Blackwater Mine.
It is estimated that the site may hold around 700,000 ounces of gold, equating to a value of $2.1 billion.
The timing of the discovery is favorable, as gold prices are currently at a historically high level of over $3,000 per ounce.
The significant find has attracted skilled workers to the area, and plans are underway to establish a processing plant on-site. Federation Mining, a major employer on the West Coast, has invested approximately $70 million in the project. Currently, the mine employs 60 workers, with plans to expand to 150 employees within the next year. The Snowy River Mine is projected to produce around 70,000 ounces of gold annually, ensuring a prosperous future for the site.
That is one fit cat. I dont think i could walk that far. Let a lone a cat!!!
long way for a cat to travel
it was really good and interesting I loved it good job
That’s a long way.
The owners must’ve been scared to lose their cat but in the end the cat was found by a kind person who looked after the cat after walking 1448 km.
Thats pretty amazing! Very fit cat. Surely it didn’t do it all on paw! That’s crazy!
a least the cat got home
That cat must love their family so much to travel 1448 km, by paw!
I want that cat NOW!!!!!!!!
wish i could travel that far
wow cat strong
traveled so long!
they are so cute