NEW Zealand Petroleum and Minerals (NZP&M) reports that its aeromagnetic survey in northern Otago/southern Canterbury is scheduled to re-start in early November after a temporary two week suspension.
NZP&M said it is taking a break from surveying to allow time for farmers on low lying areas to finish late season lambing and to wait for recent snow cover on the higher ground to melt. The agency stated that once the survey has restarted the northern Otago and southern Canterbury areas are expected to be completed by late December 2016 before moving to other parts of Otago and Southland.
The aeromagnetic data will be used to understand the geology of an area. It helps with providing information on faults, aquifers, and soils. The data gathered will be available free to industry and valuable information for potential investors that can help sway investment decisions.
The surveys are part of an NZ$8 million government investment in new data, announced in last year’s budget.