Gold explorer starts deep-sea prospecting

Date: 1/12/2005

An exploration company is taking the first step toward extracting what could be millions of dollars worth of minerals from the seabed in New Zealand waters. A company specialising in marine drilling will start by taking cores from deposits of gold, zinc and copper from the seabed northeast of White Island along the Kermadec Arc. The 75 seafloor volcanoes along the arc have been found to have hydrothermal vents belching super-hot water with so much dissolved mineral content that they are called ‘Black Smokers’. New Zealand with the Continental Shelf Act is one of the few nations to have legislation in place for seabed prospecting.

scroll to top