extract below from Newcrest quarterly, provides some hope for us
At Havieron, growth drilling continues to extend high grade mineralisation outside of the initial Inferred Mineral
Resource extent, while infill results validate, and in some places upgrades, the current model interpretation.
New growth drilling continues to assess the depth extents of the South East Crescent. New intercepts show
an increase in both grade and thickness with increasing depth. HAD133W1^^ has returned 133m @ 7.0g/t
Au & 0.05% Cu from 1,446m, including 55.9m @ 9.7g/t Au & 0.04% Cu from 1,449.5m, ~250m below the
Inferred Mineral Resource extent. The SE Crescent now has a vertical extent of over 900m.
Results received from infill drilling support the modelled grade and thickness within the South East Crescent
zone Mineral Resource extents. The results also support the continuity of the high grade, and in some places
upgrade the zone, as represented by HAD117W6 which returned 120.4m @ 10g/t Au & 0.66% Cu from
764.6m. This is the best gram metre intercept drilled to date at Havieron (Au_ppm x intercept length of 1,204
gram metres).
Newcrest Managing Director and Chief Executive Officer, Sandeep Biswas, said, “We are really excited by the latest
results from our growth and infill drilling programs at Red Chris and Havieron. At Red Chris, we reported the best
high grade intercept from our new East Ridge discovery of 56m @ 3.5g/t gold and 1.8% copper from RC727. At
Havieron, the infill drilling program continues to demonstrate high grade within the deposit, with the latest intercept
returning a significant 120.4m @ 10g/t gold and 0.66% copper from HAD117W6 in the South East Crescent zone,
which is the best gram metre intercept drilled at Havieron to date. The growth drilling results also continue to extend
the high-grade mineralisation outside of the initial Inferred Mineral Resource estimate at Havieron.”
“Newcrest is at a very exciting stage in its organic growth journey and the exceptional drilling results today highlight
the significant potential for resource growth at both Red Chris and Havieron,” said Mr Biswas.
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