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Newcrest Mining Announces Results for June Quarter

Mining News - Published on Mon, 29 Jul 2019

Image Source: Wikipedia
Newcrest Mining Limited continued the search for new discoveries during the June 2019 quarter with greenfield exploration activity undertaken in Australia, PNG, Indonesia, USA, Argentina, Ecuador and Chile.

Highlights

First drill results from the Havieron Project in Paterson province Western Australia have confirmed the presence of higher grade copper-gold mineralisation, with best results including 17 m @ 21 g/t Au and 0.39% Cu from 1153 m (HAD006 extension)

First drill results from the Gorbea Project in Chile have returned encouraging results confirming the presence of a gold bearing epithermal system

Recommenced drilling at the Jarbidge project in Nevada and at the Rattlesnake Hills project in Wyoming

Paterson Province, Western Australia - The Havieron Project is operated by Newcrest under a farm-in agreement with Greatland Gold. It is centred on a deep magnetic anomaly located 45km east of Telfer. The target is overlain by more than 400m of post mineralised cover. Newcrest commenced drilling during the June 2019 quarter. Two rigs were operational with one existing drill hole, HAD006 extended and two new holes HAD010 and HAD011 completed for a total of 2800m of drilling. A third rig has since commenced operation at site.

The Newcrest drilling program is designed to:
Define the extent of the upper gold zone

Test the depth extents of the mineralisation and associated magnetic anomaly
Search for additional zones of mineralised breccia within the footprint of the coincident magnetic anomaly.

Newcrest extended the Greatland Gold hole HAD006 from 838m to 1,216m. Hole HAD006, the deepest on the project to date, has successfully identified high grade mineralisation at depth, with mineralisation now observed over 700m in vertical extent, and remaining open at depth, to the north and south.
Assay results returned include:
HAD006 (extension): 23m @ 1.0 g/t Au and 0.19% Cu from 872m
12m @ 3.1 g/t Au and 0.08% Cu from 1071m 52 m @ 7.0 g/t Au and 0.17% Cu from 1122 m incl 17 m @ 21 g/t Au and 0.39% Cu from 1153 m
Hole HAD010 was drilled to the southeast of the main complex and did not intersect any significant mineralisation. Drilling has traversed over the top of the mineralised zone in the cover seguence.
In Newcrest hole HAD011, sulfide-bearing breccia was observed over 100m laterally at -500mRL on either side of the central post mineral dolerite dyke.

Source :

Posted By : Sanju Moirangthem on Mon, 29 Jul 2019
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