NZ deposit shows good potential for GRD

GRD Macraes says its Sams Creek gold project in New Zealand has the potential to grow into a major resource after recent drilling returned results including 144m at 1.53gp gold.

GRD has drilled three new holes at Sams Creek, located in the northwest of New Zealand's South Island, to follow up drilling done by the tenements previous owners.

The first drill hole returned 1.