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Listed mining company Heritage Gold yesterday backed a new mineral study of Northland which revealed the potential for $33 billion in mineral deposits in the region.
The council-supported study, conducted by Geological and Nuclear Science and the NZ Institute of Economic Research, found there was potential for $28 billion of non-metallic and $5.2 billion of metallic deposits in Northland.
Heritage Gold managing director Peter Atkinson said the study was the first of its type in New Zealand.