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 Mitchell Starc signed Australian cricket shirt and signed bats will be up for auction tonight at St George's Rd Primary School as part of raising funds for the Hands for Help Nepal charity.
Local kayaking athletes Brea Roadley and Kayla Whinray have continued making a splash in their sport on both a national and international level.
Tatura’s St Vincent de Paul Society has made a sizeable donation to Sacred Heart School community for 2015.
A woman who had been riding a motor scooter was airlifted to Melbourne this evening after colliding with a car on the Northern Hwy outside the All Rivers Motor Inn.
Campaspe Valley Community Centre played host to Audrey Hepburn, Little Red Riding Hood, Napoleon Dynamite and even the Titanic recently.
Jackson Gentle beats younger sibling Cooper in thrilling Parkland decider
What will it take for politicians to start taking Nagambie's case for an ambulance seriously?
Record cattle prices were recorded at the Finley Saleyards on Friday
City of Greater Bendigo is urging district residents to visit St John’s Anglican Church in Heathcote to celebrate the centenary of architect William Vahland’s death.
It was a dream start to Picola’s interleague campaign on Saturday, with the under-17 team notching up an impressive 91-point victory.
Gov’t overhauls GP incentive scheme.
There may never be a solution to the Murray-Darling Basin and managing its water — Australia’s greatest natural asset.
Victorian Greens Leader Greg Barber tells The Ensign, producers should oppose the sale of the long term lease of the Port by the Andrews Government.
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.