RE: Newcrest FY2019 Results: GGP*s Havieron16 Aug 2019 12:24
It looks like Newcrest are starting to get a good picture of whatever secrets that Havieron is holding in the depths.
Look at this paragraph from the Sprott Research note in January - admittedly based on just a few GGP holes - where they were surmizing that Havieron & Telfer were structurally similar
In Table 1, we present a summary of our drill core observations and general Havieron characteristics,
and compare these to typical features of Telfer-type and IOCG-type deposits. This analysis reveals strong
similarities to Telfer, especially with respect to geologic setting, mineralogy, and fluid chemistry. A
compelling parallel to Telfer is the presence of widespread low-grade breccias between narrow and
disjointed high-grade veins. As at Telfer, both bedding-parallel and discordant veins are observed,
possibly reflecting multiple hydrothermal events along the same fluid pathway upgrading the deposit.
Another notable similarity is the high Au:Cu ratio at Telfer and Havieron, generally >5 and locally >10.
Now look at this paragraph form the Q & A session where the CEO says Hav and Telfer are structurally different.
Well that’s a very good question. I mean there's a whole suite of stuff around exploration targeting and technology, and speaking about the Telfer region, I mean initial indications, which is quite exciting is the Havieron deposit is structurally different to the domes you find at Telfer and the question is, does that make us think differently about some of the ground at Telfer. So, there is always a learning and innovation technology piece there.
So it looks like Newcrest are starting to get a very good idea of what the depths of Havieron hold and it seems they like what they are seeing so far.
Hold on tight - Patience is a virtue - Paddy
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