Member Info for PaddyGall

Artemis just posted that they are back on route out to the Paterson.

https://twitter.com/ArtemisResource/status/1511663493166084100?s=20&t=JWK182QRMcUeI61Rkk3pJA

Things going to get busy out there again - ARV rigs & hopefully an increase in the rigs at Havieron as Shaun mentioned in London.

ATB - Paddy

Lots of us still here Jambo and silently and patiently waiting for the progress to reflect.
Agreed that yesterday was good progress and it's probably a mathematical certainty that there are other big deposits in the vicinity - it's just not that easy to locate them under the cover.
The evidence shows there were mineralising fluids present in the drill holes - we just need to locate the structures & rocks that provided the right conditions to trap those fluids.

Right place - right time - just need to vector in on the good stuff.

ATB - Paddy

From the Hannam & Partners Note

"Drilling and ground EM in 2021 follows 2020 airborne magnetic survey
GGP’s 2021 exploration activity at Scallywag aimed to hone in further on
anomalies identified in a 2020 airborne electro-magnetic survey. The results
today highlighted several areas with encouraging evidence of a mineralising
fluid system, including occurrences of gold and pathfinder elements, quartzcarbonate veining, hydrothermal alteration, trace sulphides and a possible
supergene dispersion zone. At Swan in particular, three holes were targeted at
an anomaly identified in the 2020 aerial survey. While the results of the drilling
“did not adequately explain” the airborne EM conductor, the occurrence of gold
within broader zones of anomalous bismuth, tellurium and antimony was,
nevertheless, encouraging. Furthermore, a ground-based EM survey in 2021 to
better define the Swan target identified eight subvertical “conductor plate”
targets, including two east and west of Swan which are hypothesised to
represent areas of higher-grade mineralisation, which could in turn create a
“halo” explaining the Au-Bi-Te-Sb showings in the 2021 drilling. These
conductor plates are now high priorities for drill testing in 2022."

Check out Google for what these "pathfinder" elements can eventually lead to - no guarantees but the best place to look for a gold mine is ........

ATB - Paddy

@MFU - Havieron work is being funded from the $50m NCM loan - Shaun can't just not explore on the other tenements. There are minimum amounts that need to be spent to keep the tenements in good order and he knows that all it takes is one more decent hit to completely change the balance of the situation with the JV back into our favour.

It's minimum spend on these programs as they are targeting areas with individual holes and not "pattern" drilling as he stated on his recent visit - I for one am happy for them to continue with their programs.

ATB - Paddy

Have a look at the document in the JORC section of the GGP website. There's a diagram on there that explains what GGP think MAY be happening.

https://greatlandgold.com/wp-content/uploads/2022/04/20220405-GGP-Announcement-Scallywag-Drilling-Results-with-images.pdf

The results of the drilling do NOT explain the source of the electromagnetic anomaly that was recorded. They have identified conductors to both the east and west of the reported drill-hole and the results reported suggest that they may have intersected the HALO of a bigger deposit. These "PLATES" will be drill tested in 2022.

Remember NCM got similar results from their holes at Havieron in the 90's - it's a slow laborious process but still all to play for.

ATB - Paddy

Agreed - more steady progress. Swan looks the best bet - something seems to in that Swan / BlackHills area - just gotta find it.

GLA - Paddy

What job is Shaun going to get on the NCM bod that would even compare to being CEO of what could possibly be the next Aussie/UK mid tier miner - nothing!!!

You should have come to meet the man in person in London - he is am ambitious man who is building his own high profile bod at GGP with the likes of Paul Hallam and has stated publicly that he's speaking to other high profile Aussie mining professional that would be interested in joining the board.

He's intent on building something big here and unless the rug is pulled from under his feet I think he has the drive and ambition to achieve it.

Everyone has their own perspective and that's fine but I'm more convinced than ever - Paddy

That's fantastic news @Kevin, when GGP can get a viable sustainability report out then that should help to smooth the way for additional investment from institutional investors.

Looking forward to seeing what their vision for Havieron and for the company generally is.

ATB - Paddy

Well it's the last day of March and here's a quick compare between the start and end of the month on the Sentinel satellite system.

https://twitter.com/paddygall1/status/1509496697352855558?s=20&t=TpohdYW1ROEqJlqUcHEwGQ

It looks to me like there are 2/3 new drill pads that have been prepared to the south of the area where they have been drilling the blind bore vent shaft. These pads were not there on the 11th and were on the 21st - as the 16th was a cloudy day I can't say for sure but they appeared between those 2 dates.

Also they are making good progress on the evaporation pond - I'm hoping this means they are approaching the end of the sandy unconsolidated ground and are about to enter into the first section of aquifer which Bamps might be able to confirm is better tunnelling ground.

You can also see that the ground generally is starting to dry out nicely - hopefully the wet season is behind them now and it's "balls out" for the rest of the year in the run up to the feasibility study.

Loving it chaps - ATB Paddy

There are outstanding assays on Havieron - they are listed in the table at the back of the report but I can't see GGP releasing another RNS prior to the NCM quarterly one.

I think that is a decent newsflow TBF.

I'm pretty sure that I read somewhere that Shaun had confirmed that GGP would continue on releasing interim results between the quarterlies like they did the week before last.

The next NCM results are due on the 28th April so we should see them evening of the 27th which is 4 weeks from tomorrow.

GLA - Paddy

IMO it just means that if the two valuations are within 20% of each other then they will take the average value of the two.

ATB - Paddy

There is a paper which has been prepared on the subject which can be downloaded from the following link for anybody who is interested.

https://papers.acg.uwa.edu.au/p/2063_07_Paredes/

ATB - Paddy

Hi Malva,

Newcrest are also trialling a new system of block cave infrastructure at Cadia (which has been successful in trials up to now) which means there is one level less of underground development needed. They reckon this will save up to 30% in development costs and be up to 30% quicker to achieve.

I'm glad we have the world leader in block cave technology as our partner in what may well be the blueprint for future block-caves and mines, all in a Tier 1 jurisdiction with a hungry 25mtpa mill waiting to be fed.

GLA - Paddy

Hi Malva / Bamps
I agree that the production credits would include the reduction in AISC due to the copper credits but I don't see any problem whatsoever in pointing this out.

The other point to make is that the study is using prices of $1600/oz Au and $3.50/lb Cu so at spot prices the economics of the project becomes even more enticing.

ATB - Paddy

Thanks Bamps,
We also know that the Eastern Breccia contains a completely different chemical signature to the SE Crescent as conformed by SD personally last Monday and he also confirmed that the drilling there had intersected massive sulphides.

We know NCM only concentrate on reporting Gold & Copper as primarily that's what their business is built on but if/when other minerals get to the point where they make a material difference then they will have to report them.

ATB - Paddy

Cheers Bamps - Been ages since I looked at the HAD005 results - what a whopper - nice to see the results of the other metals in that drill-hole too.

Makes sense why GH kept banging on about a multi-commodity bulk mine back in the day.

"Other metals are present in the mineralised system including silver to 211g/t, zinc to 5.9% and lead to 12%"

What did Shaun say in the Sunday Roast podcast about Havieron providing base metal opportunities other than copper!!!!

ATB - Paddy

Even more interestingly he said that there might be the possibility to "fold" Scallywag into the JV and allow the renegotiation of the terms. This is provided that Scallywag turns up something of interest to NCM but the possibility of that occurring could be a massive game-changer going forward too.

As you say Canary - plenty of opportunities and leverage in play here.

NCM must be banking on the price of gold going up to $5000/oz otherwise they would just call a halt to development lol - what a plonker......

I couldn't be happier - everything that can be done is being done, the rest will follow on in time IMO.

ATB - Paddy