RE: Newcrest7 Oct 2021 15:18
It was a very exciting presentation TT as the new targets came to light and a lot of discussion about new Havieron's floating around - here are some of my notes related to some of those areas :-)
*Growth Strategy
- Leveraging off mining & exploration capability, technology, innovation and collaborative relationships with their partners.
- 3 keys areas are Hav, Red Chris and additionally some early-stage growth opportunities in other jurisdictions.
*Most recent exploration success is at Hav
- Located in Paterson, W.A, 45km east of Telfer under 420m of cover in a JV with GGP
- Hit ground running over two years ago with aggressive drilling campaign with over 180,000m of drilling to date despite serious factors such as the pandemic and wet weather issues to contend with.
- Amazing job by team to outline a large area of mineralisation leading to delivery of an initial inferred resource in Dec 2020 of 3.4 MoZ of gold and 160,000 tons of copper and a growth program is in place right now to grow the resource space.
- Also they’re not just looking at Hav, the question is if there are more Hav’s in the district as the style of mineralisation being seen at Hav usually performs in clusters - so where are the other ones?
- To this note they have two active JV’s in the region with Antipa and GGP, who are both technically strong groups they love collaborating with. Both projects are managed by those companies and right now they have drill rigs churning away drilling under cover targets.
*Detailed look at Havieron
- 400m of cover under which they’ve seen mineralisation to at least 800m below that.
- Deposit is centred on a NW trending corridor of calc silicon alteration, surrounded by better embedded sentiments (variable intensity of alteration in that zone) but alteration and mineralisation is centred around the NW trending body of diorite dykes.
- Mineralisation and resources at this stage predominantly hosted within the SE Crescent which if stretched out below unconformity would be about 500-600m long and 20m wide.
- It’s funnel shaped so as you go deeper to about 800m into it, it is down to around 200m.
- Intriguingly, as you go deeper they’re seeing some significant grades and some of the better intercepts at depth are listed on his presentation slide. Slide also shows intercept drills below 4400m RL with plus 1-gram intercepts, so gives you a feel for the extent of the mineralisation.
- Deposit is associated with variable amounts of sulphide quartz and carbonate that forms in brushes or vein infill in a typical Hav style mineralisation.
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