NC11 Mar 2021 06:37
Newcrest March 2021 Interim Exploration Update
Newcrest Mining Limited (ASX, TSX, PNGX: NCM) has released its latest Interim Exploration Update to the market.
Highlights
At Red Chris, new zones of higher grade mineralisation intersected at East Ridge and south of the South Boundary Fault:
At East Ridge, hole RC678, returned 198m @ 0.89g/t Au & 0.83% Cu from 800m, including 76m @ 1.8g/t Au and 1.5% Cu from 908m. East Ridge is located 300m east of East Zone and the new intercept is open in all directions.
Drilling at East Zone has intersected higher grade mineralisation south of the South Boundary Fault. The South Boundary Fault currently defines the southern extent of mineralisation across the East Zone. Hole RC677 returned 524m @ 0.37g/t Au & 0.39% Cu from 528m, including 156m @ 0.71g/t Au & 0.59% Cu from 638m. This interval also includes 10m @ 1.5g/t Au & 0.88% Cu from 784m which is located on the underexplored side of the South Boundary Fault.
At Havieron, infill drilling (within the Inferred Mineral Resource Boundary) designed to support the delivery of an Indicated Mineral Resource estimate in the South East Crescent Zone and adjacent Breccia Zones has been completed. The results are in line with expectations and increase confidence in the continuity of the higher grade mineralisation.