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The Aurelian Resources story as per 24hr gold is said to be instructive for investors and speculators. Not difficult to see why as it is the case study example.

Aurelian went from Canadian 60c to $40 :
"The stock went on a m e t e o r i c rise which took it from $0.60 to $40 within a few months as drilling confirmed the initial grade and thickness of more than 200 metres grading d o u b l e digit grams per ton."

"So this discovery raises an interesting question: Is the discovery of a company maker like Fruta del Norta a lucky shot or are there possibly any prior indicators to that a company is about to find something BIG?"

"In Aurelian*s case there is in fact an important lesson to learn since there were a l o t of s i g n a l s that the market simply o v e r l o o k e d."

[Ref: Methodical exploration as a hint for mining investors: Aurelian Resources Fruta del Norte." - 24hr gold, 14.11.09

<>"Kinross to buy Aurelian"-The Star, 25 July 2008
https://www.thestar.com/business/2008/07/25/kinross_to-buy-aurelian.html

"When Aurelian announced its blockbuster find in 2006, the junior explorer soared from a penny stock to $40 a share as it unveiled a series of glowing drill results and got the industry buzzing amid a troubling dearth of n e w discoveries in this supercharged run for metals." [ Article mentions bullion at $920 per ounce].

"Kinross has struck a $1.2 bn friendly deal to scoop Aurelian ..."

POST COMMODITY DISCOVERY MGM ARTICLE
Newcrest on 25 July 2019 [Qtr report] informed on Havieron*s [Newcrest/GGP Joint Venture] at Paterson Province, Western Australia 1st drill results [under Newcrest drilling] for Hole 6 Extension, Hole 10 & 11.

Hole 6 Extension [Havieron under Newcrest drilling]:
Over 700 m in vertical extent - 23m at 1g/t Au & 0.19 % cu [from872m]
12 m at3.1 g/t Au & 0.08% cu [from1071m]

<> 52m at 7g/t Au gold & 0.17% cu [from1122m]
<> inc17m @ 21 g/t Au & 0.39% cu [from 1153m]

Commodity Discovery Mgm mentioned 275m @ 5g/t au gold [Havieron under GGP]. The Commodity Discovery Mgm*s - under Willem Middlekoop.

An interesting case study which was also cited by 24hr gold as relevant study for investors and speculators of junior mining stock/s?

Mon 29 July 2019
News
DYOR. Please check as there can be copying errors.

Quote: Ref: Newcrest Joint Venture with Greatland Gold at Havieron.
"But even with the share price leap, the value of Newcrest*s potential spend is still roughly commensurate with Greatland*s ENTIRE CAPITALISATION." [Article mentioned GGP*s cap at £50m]

"The answer is simple enough as shown by Greatland Gold this week: a $65 million joint venture deal that could pay all expenses to feasibility, and which could lead to the development of a MAJOR PRODUCING MINE."

"So, its not just a ONE-OFF hit that Newcrest is buying into, its a solid WORK programme that could be about to YIELD A MAJOR DISCOVERY."

"Because although the Greatland exploration blockS were previously thought to be on the EDGE OF THE PROSPECTIVE AREA, that*s NO LONGER THE CASE. Newcrest KNOWS this and accordingly it hasnt joint ventured the block containing Greatland*s 275m hit, but it has JOINT VENTURED 11 OTHERS held by Greatland, and obtained a 1ST RIGHT of refusal over more to the NORTH."

"The likelihood now is that Newcrest drill rigs will mobilise rapidly at Havieron in an endeavour to replicate Greatland*s own drilling success. That in turn is likely to lead to some interesting NEWSFLOW that already has Greatland shareholders s a l i v a t i n g."

"This farm-in has in my opinion, the potential to OPEN UP the ENTIRE HAVIERON region to COMMERCIAL MINING in a time frame and cost that stand-alone operations could never compete with", said Alistair Clayton, Executive Director of Primorus Investments, which owns around 1.1% of Greatland shares."

["Nevertheless, the sheer QUALITY of the intercept, its LENGTH & GRADE, meant that Greatland was unlikely to be short of SUITORS offer to provide assistance, and on attractive terms too."]

Article by Alistair Ford, Proactive Investors for This is Money, Daily Mail dated 18.3.19

Comment:
Alistair Ford is a Mining Analyst. A re-visit of this article especially in light of the recent 1st assay results issued by Newcrest [Havieron Hole 6 Extension, Hole 11 & Hole 11] on 25 July 2019 [Qtr Report] provides further insight and overview. More importantly, it views the said Newcrest 1st Havieron results of 25 July 2019 against what was said by A.Ford on 18 Mar 2019.

Link: https://www.thisismoney.co.uk/money/investing/article-6822623/SMALL-CAPS-IDEAS-Gold-miner-Greatland-secures-65m-joint-venture-deal.html

DYOR. Please check.

News
Sun, 28 July 2019 at 11:10am

contd:

So, one could evaluate the Havieron project.

So, research was helpful in pre-evaluating Havieron prior to the Newcrest/GGP Joint Venture?

The other big player is Rio at Winu [structural corridor to Havieron] in Paterson Province, Western Australia. The other player is Fortescue [Australia].

Once Newcrest released drill results at Havieron [Newcrest/GGP Joint Venture] at its Qtr Results on 25 July 2019 [Hole 6 Extension, Hole 10 & Hole 11 top line], we read that Rio "latest chatter about the find includes talk that Rio is preparing to start some s t e r i l i s a t i o n drilling in preparation for the position of mine INFRASTRUCTURE." [See Barry Fitzgeralds latest article: "The buzz is around Rio*s big Winu copper find", Livewire, 25 July 2019. ]

Barry Fitzerald: "Newcrest, a long time resident of the Paterson from its ageing Telfer gold-copper mine, added to the Paterson*s HOTSPOT STATUS this week with its reporting of f i r s t drill results from its recently entered in to Havieron Joint Venture with London *s Greatland."

"Centred on a DEEPLY BURIED MAGNETIC ANOMALY 45km east of Telfer, a new exploration campaign started in the qtr with 2 rigs, since increased to 3."

Mr Fitzgerald gives the details on Hole 6 Ext and mentioned Fortescue as well pegging land at Paterson.

Link: https://www.livewiremarkets.com/wires/the-buzz-is-back-around-rio-s-big-winu-copper-find

Comment:
Newcrest*s drill results for Havieron Hole 11 mentioned grades increasing with depth for copper. This will be interesting if more details are released other than top line results eg local values up to 2.3% Cu etc?

From Caesar*s Reports [2], it appears that Newcrest is interested in the deeper parts of Havieron and per their own latest Qtr*s, new zones are also the focus?

DYOR. Please check as there can be copying errors. On Hotcopper, there is facility to use underline. I use caps instead and I find it helpful when I am trying to locate data as I can see the key words.

Sat, 27 July 2019

Newcrest*s Annual Mineral Resources & Ore Reserves Statement as at 31 Dec 2018 via Ann. on 14 Feb 2019. This is the latest as the next Newcrest announcement on reserves will be around 14 Feb 2020 for 2019.

Quote:
"Group Ore Reserves: As at 31 Dec 2018, Group ore reserves are estimated to contain 5 4 m il l i o n ounces of gold , 7 million tonnes of copper & 36 million ounces of silver."

"This represents a DECREASE of approx. 8.1 million ounces of gold [-13%] , 3.5 million tonnes of copper [-34%] & 0.6 million ounces of silver [-2%] as c o m p a r e d with the estimate as at 31 Dec 2017.

Link: https://www.newcrest.com.au/media/resource_reserves/2018/Ore_Reserves.pdf

My Comment:
I had read a report that Newcrest, like other majors need to replenish their reserves etc. So, I decided to follow up on this.

So, what does Havieron [Newcrest/GGP Joint Venture] mean to Newcrest? [Hypothesis]

Telfer {Newcrest] according to some maps show 27 million ounces of gold whilst others show 32 moz of gold.

Since Commodity Discovery Management [see my last post on this forum at 22:24] has stated that "An Indication that HAVIERON MIGHT BE TELFER*S SISTER",
it appears rather obvious that Havieron could be material [caveat: if all plays out etc ?]. The Newcrest / GGP Paterson JV licences also means that Newcrest could be given 1st right of refusal for GGP*s Blackhills, Paterson East etc if there are DISCOVERIES [See Caesar*s Report within this thread].

<>My Posts on Havieron, Paterson, Western Australia
I had done 3 pieces of research p r i o r to the release of Hole 5 results at Havieron [under GGP and pre-Newcrest JV] . I checked the geological meaning & visuals from the RNS as to what to expect from the Hole 5 results. The share price was then 1.28-1.3p for some time. Hole 5 did turn out to be head turning & subject to so much news reporting both in the UK and Australia. So GGP*s RNS did give indicators.

Secondly, I did research from the historical early drill results from Newcrest*s Telfer mine [standard analysis by all the players at Paterson and mentioned by Sprotts Report] p r io r to Newcrest releasing assay results for the Havieron JV with GGP. Newcrest*s results for Hole 11 at Havieron appears to show that it is akin to Telfer style? However, the surprise is the deeper depths at Hole 6 Extension & potentially Hole 11 awaited [Newcrest*s results].

Per Commodity Discovery Management, it was stated:
"Once the similarities of the geological setting of these TWO projects, an indication that Havieron might be Telfer*s Sister, Newcrest PROPOSED to Greatland Gold #GGP to be the operator of the project."

So, Newcrest compared or saw s i m i l a r i t i e s of Telfer to Havieron [GGP]. Similarities would appear to be objective ie drill results/ geology etc. From research of Telfer*s drill results compared to Hole 5 Havieron, one could tell that it appeared to be better than Telfer? So, one could eval

Newcrest Hole 6 Havieron [Extension hole from GGP*s earlier drill]
--------------------------------------------------------------------------
Per the info, Hole 6 at 1,216 metres is the "deepest" hole at Havieron.
Per my view, it is possible they may go deeper than 1,216 metres as & when?Reason is that the chart shown by Newcrest on 25 July 2019 [Qtr Report] shows that it is " o p e n" at depth & to north & south.

Newcrest gave out results as "over 700m" for Hole 6 extension at 52m at 7g/t & 7m at 21 g/t. Alistair Ford calls these "very high grades" in his said interview today, Fri 26 July 2019.

For world class holes, Anglo American had 717m at 3.6% cu copper and ranked No 1. Solgold*s ranked holes 5,9,12, 23R, 17 go to some 1560 metres at 0.59g/t gold & 0.54% cu copper [Hole 10 at Cascabel] with an equivalent of 0.93 Cu Eq. These were ranked 10,11,15, 18, 25 & 29 of world class best porp copper-gold intersections. So, ranking gives an idea and forms a comparitive or benchmarking [mgm term] otherwise how would DL know and tweet: "..probably best hole in the world."

Rio*s Winu, also at Paterson, Western Australia [structural corridor to Newcrest/GGP*s JV Havieron], their best recorded hole was : 741 metres from 68m grading 0.45% copper and 0.52g/t gold . See map via https://stockhead.com.au/resources/carawine-is-chasing-giants-in-victoria-and-wa/ 22 July 2019

Carawine refers Rio*s Winu with best result on map + Havieron [GGP] best result of 275m at 4.77g/t and 0.61% cu copper. It is standard to show the best result in the region as a comparitive or called benchmarking.

For this reason, the over 700m at 52m at 7g/t & 7m at 21g/t is quoted by Barry Fitzerald in his latest article on Rio*s Winu , Gervaise Heddle [CEO of GGP] , Alastair Ford, Mining Analyst today etc.

------------------------------------------
I read on a Canadian site that NCM has a assay lab at Telfer but will not be using this for Havieron assays. Many co*s also use XRF prior to assay testing at labs. From the Qtr Report from Newcrest on 25 July 2019, they stated that they photograph the core prior to it going to the labs etc.
--------------------------------------------
Await Hole 11 results as per David Lenigas*s tweet in this thread.

Yesterday, Thur 25 July 2019, Newcrest issued their Qtr report. In this report, they informed of the drill results for Havieron, Paterson, Western Australia for Hole 6 extension, Hole 10 & Hole 11.

David Lenigas has just tweeted, 37 mins ago, Fri, 26 July 2019 at 11.20am [now]:

"This is why Greatland Gold*s Havieron is probably the best gold hole drilled in the world. Cant wait to see results of #11. Fabulous for Artemis Resources as well for their massive Paterson*s block surrounding Havieron."
https://twitter.com/DavidLenigas/status/1154688374185349121

Note: David Lenigas was the former Chairman of Artemis Reources listed on ASX and was present at the last Greatland Gold [GGP] AGM as a shareholder. I saw this tweet as William Langley liked it. William Langley is a Geologist and from recall, he was the one who went to GGP*s Perth warehouse to inspect the Havieron cores on behalf of Sprott prior to their report on Havierion.

Comment:
Newcrest mentioned in detail about Hole 6 extension results for Havieron in their said Qtr report. This was noted by all the reporting including Alistair Ford, Mining Analyst this morning in his interview with Proactive Investors.

So, when the results came out , one would have noted the Hole 6 extension result drilled by Newcrest at over 700m , O p e n at D e p t h [chart shown] and to the North & South at 52m at 7g/t gold representing the deepest hole at Havieron currently.

Hole 6 extension was the hole of merit and without doubt checked against the Paterson Province, Western Australia drill holes to date. Also, it would have to be ranked against other world class holes. Usually, every month, there is a short report on the best drill holes globally for each month of the year.

I did check both Paterson and ranking from research so cognisant. Gervaise Heddle [CEO of GGP] at their last AGM in London said there were mining experts in the room and pointed to Mr Lenigas per reports by shareholder/s attending.

So, news awaited on further results on Hole 11 at Havieron drilled by Newcrest.

DYOR. For general discussion.
Fri, 26 July 2019
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