Police searching for a missing fisherman have located a body in Homunga Bay, Waihi.

On Sunday March 11 two men were believed to have been fishing in the area.

Around 2.20pm that day a body was located in the water, however police have been searching for the second man since then.

Late yesterday afternoon a body was located in the water in the northern end of Homunga Bay.

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The body is believed to be that of the second fisherman, however formal Identification is due to take place later today.

The death will be referred to the Coroner.