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“ Encouraging drill results released following diamond drilling campaign at Northern Zone by Riversgold Limited ("Riversgold") which substantiated the exploration target of 200Mt - 250Mt at a grade of 0.4 g/t Au - 0.6 g/t Au for 2.5Moz - 4.8Moz of contained gold calculated from historical drilling.”
Results have not been released…?
Agree Dip. There are far too many implications if NCM or NEM were shorting us an they got found out. Someone saw an opportunity when taking into consideration our point in time on the Lassonde Curve and the NCM/NEM takeover situation. Once we get clarity on NEM, the MRE, the FS and (officially) the DTM, I struggle to see any reason for us to be shorted. Imagine being short when GDX need to find 500m shares? These guys are aware of everything and will be gone when the time is right. It's just business for them.
TT, you're wasting your time with tiggerman. He's a petulant manchild. Shaun was waiting for NCM to publish the updated MRE in their annual resource update, that never happened, Shaun agreed to go away and do our own. Tiggerman can't seem to fathom that these things don't get done overnight. Don't waste your breath mate, it's not worth it.
TT - the 2,824m quoted will be overall mined distance, not decline development. Would imagine we are over 2000m though but will await official confirmation - we might see a RNS today confirming decline development and change of JV partner.
Decline was at 2,824m on October 8th compare to a distance of 2,696m on September 1st - thanks to JC on TG for keeping a log of the distances.
Also, the Federal Court of Australia has approved the Scheme which was the final hurdle in Newmont acquiring Newcrest. We now have a JV with the worlds largest gold miner, let that sink in for a moment, that’s insane. November 6th is the day the workers officially change the stickers on their hats but you better believe day 1 starts today.
We no longer have a caretaker JV manager.