Gold in Otago ground and bottle

April 22, 2009

Oceana Gold reports promising finds of higher quality gold after test drilling  at its Macraes goldfield.

Mining and associated work by Oceana Gold  has revitalised the wee East Otago town of Palmerston (NB that’s just Palmerston, not to be confused with the slightly bigger settlement in the other island which requires a North in its name).

Further inland, a British honeymoon couple must have thought they’d found gold when they discovered a bottle of Gibbston Valley’s 2000 pinto noir at Gantley’s Restaurant in Queenstown because they paid $1000 for it.

Restaurant co-owner Brent Rands said yesterday the last bottle he sold was last year for $750 and with very few bottles remaining he increased the price to $1000 in January. “I thought, it’s getting so scarce now if it’s gonna go it’s gonna go …”

Let’s see, $1,000 for 750 mls equals . . .  a lot per litre.


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