Heritage gold in Northern territory uranium venture

Listed on both sides of the Tasman, Heritage finalised a deal on Friday under which it is carrying out due diligence on a joint uranium exploration venture in the Northern Territory.

Managing director Peter Atkinson, who resigned on Friday but is staying on until a replacement has been found, told The New Zealand Herald the uranium venture was "a chance to broaden the explorer's approach to mineral searching".

The Australian syndicate had applied for licences to explore areas potentially holding the type of deposits that had produced more than 80% of the uranium mined in the US, Atkinson said.

Heritage will continue gold exploration in this country, and a fortnight ago announced it had found strong evidence of gold at a site west of Waihi.

Heritage shares closed at 6c yesterday.

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