YES29 Jan 2020 21:44
Quarterly Exploration Report
For the three months ended 31 December 2019 30 January 2020
Highlights
Newcrest announces that results from the latest drilling continues to expand the gold-copper mineralisation at the
Havieron Project, 45km east of Telfer, Australia. 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 calendar year 2020. In parallel,
a number of environmental, geotechnical and metallurgical studies have commenced to support the potential
resource estimate and future permitting requirements.
“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” said
Newcrest’s Managing Director and Chief Executive Officer, Sandeep Biswas.
“The initial drill results from Red Chris have identified an additional higher grade zone sitting outside of the known
resource shell and has expanded the footprint of the mineralisation which is open to the west and at depth, confirming
the potential for additional discoveries within the porphyry corridor. Red Chris aligns with our strategic capability to
build and operate mass underground mines.” said Mr Biswas.
Results include:
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Havieron, Western Australia:
HAD020 returned 14.6m @ 9.1 g/t Au and 0.48 % Cu from 705m
HAD021 returned 13m @ 13 g/t Au and 1.1 % Cu from 770m
HAD023 returned 21m @ 10 g/t Au and 0.74 % Cu from 665m
HAD025 returned 10.6m @ 22 g/t Au and 1.3 % Cu from 764.9m
HAD028 returned 45.8m @ 6.8 g/t Au and 0.51 % Cu from 543.2m, including
32m @ 9.2 g/t Au and 0.67 % Cu from 555m
HAD034 returned 43.5m @ 6.1 g/t Au and 1.2 % Cu from 577.9m
HAD036 returned 24.8m @ 7.2 g/t Au and 1.6 % Cu from 525m