Newcrest Mining expands copper-gold mineralisation
Thursday, January 30th, 2020
Drilling at the project is centred on a deep magnetic anomaly 45 kilometres east of the Telfer mine in WA’s Paterson Province.
Newcrest had six drill rigs operating on site during the December quarter (Image: Newcrest)
A further 18 holes for 18,888 metres were completed during the December quarter with best results of:
- 14.6 metres at 9.1 g/t gold and 0.48% copper from 705 metres;
- 13 metres at 13 g/t gold and 1.1% copper from 770 metres;
- 21 metres at 10 g/t gold and 0.74% copper from 665 metres;
- 10.6 metres at 22 g/t gold and 1.3% copper from 764.9 metres;
- 45.8 metres at 6.8 g/t gold and 0.51% copper from 543.2 metres, including 32 metres at 9.2 g/t gold and 0.67% copper from 555 metres;
- 43.5 metres at 6.1 g/t gold and 1.2% copper from 577.9 metres; and
- 24.8 metres at 7.2 g/t gold and 1.6% copper from 525 metres
Newcrest managing director and chief executive officer Sandeep Biswas said: “These results at Havieron signal the real potential for renewal of our asset portfolio in the Paterson region.
“The grades we are seeing are unique for this region and we are excited to progress and accelerate our evaluation of this opportunity.
“The results vindicate our strategy of searching deep undercover and, when combined with our ability to efficiently mine deep ore bodies in a cost-effective manner, demonstrates our unique capability in the industry.”
Newcrest plans to drill an additional 20,000–30,000 metres in the next two quarters to support the potential delivery of a resource estimate by the end of 2020.
Several environmental, geotechnical and metallurgical studies have also commenced to support the potential resource estimate and future permitting requirements.
The Havieron project is operated by Newcrest under a farm-in agreement with Greatland Gold PLC