focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Hi JerseyCrew, if Havieron becomes a mine and NCM uses block cave mining then mining starts from the bottom of the orebody. ATM GGP thinks it is at least 1.4km deep! So in order to get ore to Telfer in 4 years time there has to be a LOT of work done. I guess it's up to NCM how quickly things move since it knows the timelines better than anyone else. Looks like a shedload of money is going to thrown at Havieron in the next couple of years!
Timid has a little smile on her face and polishing her crystal ball. :-) I hope the info on Telfer running out of ore in 2023 caused at least one person to buy although, unhappily, the SP is only back to 2.30p. But see the posts below on Saddle Reefs & Scallywag. There's more to GGP than Havieron.
from CEO.CA At SADDLE REEFS, the mineralised sequence outcrops through a thin veneer of sand and gravel. Rock chip samples were collected over a strike length of approximately 800m with results over 10g/t including 81.7g/t, 45.7g/t, 37.6g/t, 33.9g/t, 28.2g/t and 23.5g/t. Many also showed high silver above 10g/t up to a maximum of 106.1g/t. Gold (and silver) mineralisation in bedrock has been identified over a strike length of approximately 800m at Saddle Reefs.
A comprehensive IP program over Saddle Reefs was designed and implemented in conjunction with external consultants, and undertaken during Q3 2018 (as announced 17 July 2018). Total strike length covered was 1,600m. Transmitter and receiver lines were 100m apart and station spacing along lines was 20-40m. Thorough independent QA/QC of collected IP information was carried out and it was concluded the data is of high quality.
Modern 3D inversion models of resultant IP data were generated. These models have outlined a large, coherent conductive body over 1,000m of strike spatially co-incident with gold mineralisation identified at surface. The body lies subparallel to the strike of gold mineralisation identified at surface and has dimensions of approximately 1,000m long, 200m wide and 150m thick. (100 MILLION TONNE orebody.) The body plunges gently south-east mirroring the overall structural plunge of the outcropping geology and is open to the south-east. Depth to top of the body ranges from 150m to 200m below surface. The majority of historical drill holes at the Saddle Reef prospect were to maximum depths of only 50m.
from CEO.CA The SCALLYWAG TARGET lies approximately 6km west of the Havieron prospect within the Havieron licence. The Scallywag target, as defined by detailed aeromagnetics (50m line spacing) and ground gravity (400m x 200m) covers an area of approximately 6km x 3km. Interpretation of aeromagneticand gravity data shows a large scale folded and faulted sequence of prospective Proterozoic basement rocks under some 50m of recent cover. MMI sampling over the Scallywag target was completed in late Q3 2018 at a sample spacing of 400m x 200m; results have been returned and are reported here.MMI results from Scallywag display discrete elevated gold, copper, silver and arsenic MMI responses along the western parts of the target area over a strike length of some 6km. Supporting pathfinder elements of cerium, lanthanum, iron, lead and uranium are also coincident along this trend with several clusters of samples displaying a strong multi element response. Highest results returned from MMI sampling were 8ppb silver, 50ppb arsenic, 0.4ppb gold, 480ppb cerium, 2750ppb copper, 33ppm iron, 280ppb lanthanum, 240ppb lead and 335ppb uranium. Response of certain groupings (or suites) of elements over parts of the Scallywag target are similar to those seen in MMI and drill core from the Havieron prospect.
answer is from the 6 minute mark if anyone else is interested. https://www.youtube.com/watch?v=agy1J44JPYU
Does anyone know where Scallywag & Saddle Reefs fit in to this announcement? Are they part of the Haieron E45/4701 or the option ground - the Black Hills (E45/4512) and Paterson Range East (E45/4928) licences? Does anyone know if GGP intends to drill either of these soon?