RE: Twitter post today23 Oct 2022 18:54
Iamrich- spookily enough was researching GGPs huge initial rise. Trading around circa 1.2p they moved in quick time to peak at 36p when they announced the below results which they described as ‘Outstanding drilling results’. RNS with similar and our turn here to multibag x36.
Summary
·; Outstanding, high-grade results from Newcrest's drilling campaign at Havieron significantly extend zones of high-grade mineralisation to the north.
·; Step out drill hole HAD023 intersects high-grade mineralisation 300 metres north of HAD005:
o 107m @ 2.2g/t Au from 656m, including 21m @ 10g/t Au from 665m (HAD023)
·; Newcrest has completed Stage 1 of the Farm-in Agreement (US$10 million in expenditure) and has commenced Stage 2 (additional US$10 million in expenditure).
·; Six drill rigs to remain operational during the Australian summer period (December - March), subject to adverse weather conditions, with a planned two week shutdown over Christmas.