Yes that is right. You can see gold remnants that run through the Green Vein. Though this Patu is on the smaller side there is no doubt it does makes it up in beauty and presence.
This Patu can come on a base which can have upto 3 words engraved.

Dimensions 92mm x 235mm
Mere or Patu were originally used by Māori in hand-to-hand combat. They were also utilized as a everyday tool for cutting and striking object. These sacred ancent Māori Taonga symbols of mana (authority), status, cultural identity, and important relationships.
In most cases our Patu/Mere are purchased to be gifted as birthday, leaving/welcoming gifts and other celebrations etc.