Member Info for PaddyGall

Hi Spratt,
If you read back on the thread - Chartbuster picked up on the holes to the West - said that there were rumours in Oz about NC stepping out to the West and drilling back East. He did say it was just rumours but you never know.

The proof will be in the pudding soon enough - Paddy

Yes aandi / volvic,

I think there will be a substantial amount of assays to report at the next quarterly this month and I think that will be the norm going forward now that NC are committing more & more resources.

aandi - I agree that NC will be looking to put some of their infill holes down vertical - I'd like to see them re-entering HAD001 to go lower with that one like they did with HAD006.

As each step-out is drilled and hopefully intersects then the size of this is going to go up exponentially - there are a couple of things that give me confidence here.

1. It's diamond core drilling - so they will have a very good idea as these step-out holes are coming out of the ground of what they have.
2. NC have made a big song and dance about their technology and the fact that they can know what the make-up of the cores are in as little as 1 hour after it is out of the ground.
All of this info and data that's available to them and they are still putting Havieron front & centre of presentations, updates, yearly reports, etc. - this has got to give us confidence - surely the CEO of Newcrest is not going to risk looking like an idiot especially where the future of their iconic mine Telfer is at stake.

If you look at the JORC table in the last RNS from GGP they are already using RC to drill through the Permian Cover Sequence on the existing holes - so I'm thinking they already have an RC rig to do the pre-collars and the new 6th is another diamond drill - all good either way as more rigs = faster burn through the stages and more results for us.

https://greatlandgold.com/wp-content/uploads/2019/09/Update-on-Newcrest-Drilling-at-Havieron-20190910.pdf

"Permian Paterson Formation cover sequence was drilled using mud rotary drilling. Depths of cover typically observed
to approximately 420 m vertically below surface. Steel casing was emplaced to secure the pre-collar.
Diamond drilling was advanced from the base of the cover sequence with PQ3, HQ3 and NQ2 diameter coring
configuration."

It's gonna be a looooooong 2 weeks to wait - GLA Paddy

No worries UR
Glad to be of service. I hope we all are smiling by this time next year

GLA & Keep the faith - Paddy

Yes mate - another day closer and another day of drilling done in the outback....

Makes absolutely no difference to me what they do with the SP because I won't be relinquishing any of my nuggets for a long, long time.

GLA - Paddy

Cookie,
I think today is a PDP day - pump, dump, pump day - someone is getting plenty at nice prices today.....

Cheers CB,
I think there are a few on here who definitely "get it" as you say but I think you are right in that the majority don't know what we are potentially sitting on - there's no way on this earth that Newcrest would have put GGP & Havieron front & centre on all their presentations, reports, etc this year unless they are pretty confident that Telfer is going to be processing the ore from there in the near future.

Patience is the key as you say and regardless of all the rumours we need to wait to see the results of the drills - not too much longer. - Cheers Paddy

Chartbuster
Also meant to ask you mate if that was the rumour that you alluded to in your post last week when you said "well there are lots of rumours about Hav doing the rounds in Oz" - if there is that potential for another plane of mineralisation then what potentially are we looking at here??

GLA - Paddy

Cheers CB,
I know it's all a matter of patience and waiting for the update on the 24th - by the way does the term pom refer to those of us with Celtic blood as well as the English??

ATB - Paddy

Morning all,
Day off for me today so I've been doing a bit of research and digging. There is a satellite that traverses over Australia every 5 days and the images are freely available - the resolution isn't the best but you can definitely make out the disturbances at ground level. I've done a bit of a write-up on what it looks like to me but please check and DYOR.

Link to the satellite data for the Havieron area (incidentally the latest set of images are from todays date) - it doesn't seem to work with Internet Explorer so you will either need to use Edge or Google Chrome.

https://apps.sentinel-hub.com/eo-browser/?lat=-21.72357&lng=122.65718&zoom=16&time=2019-10-08&preset=1_TRUE_COLOR&datasource=Sentinel-2%20L1C

Link to the write-up that I've done.

https://drive.google.com/file/d/1uyYRH29yyT6YguN3vCZweTdcqjNTe6jd/view?usp=sharing

GLA & Please DYOR - Paddy

We should get a good idea in just over 2 weeks time.
Expecting the next Newcrest release around midnight on Wednesday 23rd October and the corresponding GGP RNS on the Thursday morning.
Not too long to wait .......

GLA - Paddy

Hi kieffy,
I presume you were linking to this Sprott Note from the 14th January.

Interesting that they calculated a 3Moz resource at just a 80metre radius with 800m depth @ 2g/t if you look at Table.2 on page 4.

http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1e3s6n2-190114%20GGP%20SCP.pdf

GLA & DYOR Paddy

GLA - Paddy

Reddirt - I'd love to see a copy of that 3D model - remember to post a link if you manage to get it done.

ATB mate - Paddy

That's dates - but hopefully SP too.......

Soon be double digits October CC.....

Agreed mate - definitely back of fag packet stuff and everyone needs to do their own research.

I tend to agree with you assessment of size from the original note but would dearly love to know what was in the second one released on the 10th September.

https://www.numiscorp.com/x/MainResearchDownload.html?id=24962&stype=stock&secid=314

GLA - Paddy

Hi Bingo - we're assuming it's a pipe or cylinder shape so the formula is Pi * R squared * H

if it's 300m across then the radius is 150m - the height is 1200-400 - 800m and Pi is 3.14159. These are the values that were in the report - this gives us the volume.

The 2.7 multiplication figure is used to convert cubic metres to tonnage for a granite type material - so you can see we are using the figures quoted in the report and they come up with a higher volume of material than the analyst originally used.

Cheers - Paddy

Bingo,
That's exactly the point - read this section from the report

And Greatland has attracted its interest because Havieron could conceivably become a very large gold mine.

Quite how big remains as yet an open question.

But analyst Jonathan Guy doesn’t mind having a stab at answering it, based on his discussions with the management at Greatland.

“The drill data and geophysical results suggest the presence of a large sub vertical irregular ellipsoidal body that stretches from a depth of 400 metres to at least 1,200 metres that is 300 metres across,” writes Guy.

“In very rough terms, this body could host approximately 60mln tonnes of material. On this basis, and at a gold equivalent grade of two grams per tonne, it would generate the more than three million ounces that would probably be required by NCM, which is presumably the reason why the major entered into the farm-in.”

Bear in mind the sentence that says "based on his discussions with the management at Greatland" and remember that they will have access to all the data that has been logged from the drill holes and not just the physical assays that we know about.

So he has used these values in the note from the 19th August which I think has underestimated at that point purely on the mathematics of the values used - I also noticed over the weekend on the Numis website that they have put out a second note on GGP on the 10th September (same day the last results came out from Newcrest) but this has not been publicised in any way - I love to know if there is an updated estimate in that second note.

GLA - Paddy

Hi Bingo,
I might be wrong (need reddirt to confirm his reasoning) but I think it may be to do with the measurements that the analyst Jonathan Guy was said to have used in the report on proactive.

https://www.proactiveinvestors.co.uk/companies/news/901330/numiss-coverage-of-greatland-gold-is-a-harbinger-of-greater-things-to-come-901330.html

If you use the values contained in here 300m across with a depth from 400m to 1200m to calculate the volume of the "pipe" as reddirt refers to it -

Pi * (r * r) * h =
3.14159 * (150*150) * 800 =
56,548,620 cubic metres
To get the tonnage multiple by the conversion factor of 2.7 =
152,681,274 tonnes.

But in the report above Jonathan Guy said “In very rough terms, this body could host approximately 60mln tonnes of material. On this basis, and at a gold equivalent grade of two grams per tonne, it would generate the more than three million ounces that would probably be required by NCM, which is presumably the reason why the major entered into the farm-in.”

Using the figures that he quoted the 60M tonnes that he estimated seems to be on the very conservative side.

GLA - Paddy

Tweet from the Primorus account this morning - all eyes on Havieron & Newcrest

We wait patiently for the next drill results from Havieron......with 5/6 rigs turning we are very much looking to seeing soon what Newcrest have found.

@GreatlandGold @priminvestments https://t.co/J7Qz5omFkH

https://twitter.com/priminvestments/status/1181138397726949376?s=19

Don't know mate - maybe they are just erring on the side of caution. I noticed Numis released a second note on 10th September to coincide with the last Newcrest update but I haven't seen that publicised anywhere and we mere mortals can't get access to it either.
You're other Aussie mate who posts on here (chartbuster) mentioned there was a lot of rumours flying about in Oz about Havieron - have you caught wind of anything juicy lately?

GLA Paddy