A local mining company is hoping to strike gold in Nagambie soils.February 2, 2013 5:00am
A local mining company is hoping to strike gold in Nagambie soils.
At least a dozen landowners have been approached by Nagambie Mining, which is seeking to carry out sampling and potential drilling.
Company chief executive officer Colin Glazebrook said ‘‘at least 15 or 20’’ letters had been sent to property owners in the Longwood area.
A letter dated January 10 mentions the company holds a ‘‘recently granted Exploration Licence .
‘‘This could lead to aircore drilling at a later stage,’’ the letter reads.
It says some soil testing already took place in November and December.
Information about the company and its environment policy is included with the letter, as is a list of compensation rates.
If a person signed up to the compensation agreement, they would be offered $10 per day for use of the property, and up to $100 for drilling, depending on what kind of drilling was done.
In the agreement, the duration, area, access points and work times are left blank for the landowner to complete.
It also promises there would be no permanent marks on the land.
Mr Glazebrook said the general response from landowners had been ‘‘good’’.
‘‘For our company, we’re not a large company so this would be a medium-sized project,’’ he said.
‘‘We have, of course, been operating in the Nagambie area for quite some time and we’re quite optimistic about the prospects.’’
He said the soil sampling process involved taking a small amount from the topsoil and covering it back over again, while a wooden plug would be put two to three feet under the ground and covered back over after drilling.
Mr Glazebrook said both of these processes were set down by the Department of Primary Industries, and compensation rates were determined with the assistance of the Victorian Farmers Federation.
The company expected to begin sampling as soon as consent from the landowners was granted.
If the sampling proved successful, drilling activity would typically begin two to three months later, Mr Glazebrook said.
While the letter does not state start and end dates, Mr Glazebrook said the standard agreement-outlined activity would continue until the end of the exploration licence for the area, which was typically five years.
The company holds licences for about 400
A multimillion-dollar redevelopment of one of Shepparton’s central business districts has resulted in an influx of new customers and increased trade.
More than 2200 people have signed up to show their support for a campaign to have the green route chosen for the new Yarrawonga Mulwala bridge.
Members of Murchison Book Club are hosting a literary lunch with Vivien Achia, author of Marrying Italian — When Love is Not Enough.
Echuca United and Moama will play for the 3Jacks trophy at Echuca South Oval today.
Painter Ben Winspear and Scott Wileman will create new works as the public look on during the at Rochester Art Exhibition.
Kyabram Bombers have the chance to beat Rochester under light for the first time this Friday evening.
Lions star recruit had a tough introduction to the GVFL.
Tocumwal's Don Elgin is aiming to compete at the 2014 Commonwealth Games in Scotland
Heathcote's Union Hotel is continuing its record of fundraising for the Royal Children's Hospital.
Cobram skate park hosts skateboarding and music for youth week.
Senior state minister Adrian Piccoli reaquainted himself with Deniliquin yesterday, leaving Deniliquin Counil hopeful it has an ally in him.
With his blue eyes and snow-coloured coat, Nanneella horse Sinatra has looks worthy of a fairytale.
Fourteen-year-old Benalla girl Jaimee Linke will launch her debut novel next month.
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.