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5eightsaccount - Very interesting.

240m x 200m. is an exceptional gold discovery, they say.

So, where will the Havieron growth phase take us, I wonder.

Paddy -

Thanks for all your work with the overlays.

I love the way they show us the sheer size of Havieron.

As step-outs increase, don't be surprised if those trying to sleep ask for the camp to be moved !

If that happens, then it will be more evidence that the deposit is bigger than expected.

Strudel -

Thanks for your reply from last evening, and for your ideas on the night satellite image.

I did see your original post, with the image, but I am not good at relating it to the groundworks.

Fuel tanks would certainly make sense, with the increasing use of diesel at Havieron. As you say, a decline is planned and the machinery needed will drink a lot of fuel.

Sorry, that should have read :

" Yes, there was a rumour........"

1gandhi -

Yes, there a rumour that some core results had been delayed, in order to be re-assayed!

Thanks, magictrades, I am sure that will bring even more interest in GGP.

Has anyone compared today's satellite image ( thank you, Paddy ) with the recent night shot?

A works yard would make sense, particularly now with more drill rigs on site.

If spacing is 25m, however, that suggests holes in the ground.

Exactly, Bottlerocket.

I seem to remember that GH said:
More than 1000m. below basement, or 1420m. overall, may be left for the next generation.

Thanks, Paddy.

GGP's geophysics report suggests that the deposit(s) trend to the south-east and we have had great results there, still open at depth.

As Paddy said, if we have a dome, we may expect to see the horseshoe close in the NW. Perhaps quite a distance towards the NW, as the geophysics have been modelled to approximately 1000m., NW to SE.

We do not yet know if the ore becomes shallower in the NW as, so far, the great depth is in the south- east. It may be of irregular depth along the arms of the horseshoe.

On the other hand, Paddy's plotting of unreported drills now suggests huge step-outs, greatly extending the size of the site.

So why are they stepping back so far?

Are they drilling very deep in the NW, or have they found something else in the SW?

Scottiemalottie - I agree.

Collectively, we can put more time and energy to this project than Sprott can, I am sure. How many companies do they have to research, worldwide?

One thing they did mention, though, was that mining companies are leaner and fitter, going into this gold cycle than they were some years ago.

That can be seen, of course, in some of Newcrest's AISCs and margins.

It is a practice that is serving us well, during their exploration. It should also do so when mining starts.

Dip666 -

I wonder if that is anticipation of the construction of a decline, by year-end ?

1gandhi -

Paddy has overlain the magnetic and gravity responses, on his map of Havieron drilling. They mirrored the SE curve of the horseshoe and also extended to the (open) NW of the site, where the two arms of the horseshoe may be leading.

I am hoping that magictrades may be able to shed more light on the implication of these geophysics results, and the statement that there are likely to be two bodies at Havieron, offset laterally and vertically.



I am hoping that magictrades will

Thanks, Schlemiel, our post crossed. Sprott do describe a cylinder.

In about 15 months, there have been huge changes at Havieron and to our share price.

Long may it continue.

Paddy, Schlemiel, Morningsun -

Yes, I remember the IOCG theory.

Was it Sprott, in the early exploration days, that thought of Havieron as a cylinder, or a bottle shape, tilted downwards.

Since then, of course Newcrest have been tracing the two arms of the horeshoe NW and it will be very interesting to see where that leads.

If Havieron is the first of a new type of mineralisation in the Paterson, then whoever strikes the second will really stoke interest in the whole area.

Thanks, magictrades, for your work.

I've realised that I forgot to convert grams to ounces, in my earlier post, so perhaps I will now claim it was a deliberate mistake!

Paddy -

I have just returned to the board and read your reply.

Thanks for putting me right - one to two millions tons, of high-grade ore, EACH YEAR. I will take those figures any day.

That could be seven to fifteen million ounces, of high-grade gold, each year.

For a company, the size of Newcrest, to say that they been working 24/7, for more than a year, yet they still do not know how much is there - well, that has to be a very good sign.

Paddy & Timber Trader -

As I understood SB : 1 to 2 million tons of high-grade ore @ 7g./t. ( ? plus the copper or including copper? ).

ADD: Ore in the brecchia zones.

ADD: The NW step-outs.

ADD: The ore at depths still open.

All keeping 9 rigs busy, working 24/7.

Hi Hydrogen - Thanks for your reply.

Yes, I agree. I am trying to be patient for more results from Havieron, even though we had a report just 12 days ago.

I looked at the drill results for the arms of the horseshoe. Those so far reported have good grades at depth and, while there is only limited information so far, I am hoping that the ore in the two arms will add a useful amount to any MRE.

In fact, ( please correct me, someone, if I am wrong), nearly every part of the mineralised area tested is a deposit which goes down deep.

Spymaster and Hydrogen -

Paddy recently plotted the Magnetic and Gravity Results, from the geophys. on his overlay and that helped to explain the move towards the NW and the possible second arc, there, of the horseshoe.

There is much more news to come, I feel, when the drills results explain the 500m. vertical offset between the magnetic and the gravity models.

Thoughts?

I have been looking again at the Havieron drill plots, as they have been mapped on our website.

Gervaise attached great significance to HAD 023, when it struck high grades, 300 metres north of our early HAD 005. At that time, it seemed like a giant step-out.

Now, it is now acting as a pilot, to guide Newcrest along the two arms of the horseshoe, as they head NW.