NCMGF - Newcrest Mining Limited - Exploration Update 11 March 2021
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.
Melbourne, Australia--(Newsfile Corp. - March 10, 2021) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) Newcrest Managing Director and Chief Executive Officer, Sandeep Biswas, said, "We are excited to announce the discovery of the East Ridge which is a new zone of higher grade mineralisation at Red Chris. The initial intercept is open in all directions, with mineralisation displaying similar characteristics to that of the high grade pods in the East Zone. Drilling to determine the significance of this new zone is underway, with the results from this initial intercept highlighting the potential for additional discoveries at Red Chris."
Red Chris - Significant results since the December 2020(1) Quarterly Exploration Report:
- RC675:
- 438m @ 0.32g/t Au & 0.41% Cu from 264m
- including 30m @ 0.57g/t Au & 0.77% Cu from 340m
- RC677:
- 524m @ 0.37g/t Au & 0.39% Cu from 528m
- including 156m @ 0.71g/t Au & 0.59% Cu from 638m
- including 10m @ 1.5g/t Au & 0.88% Cu from 784m
- RC678:
- 198m @ 0.89g/t Au & 0.83% Cu from 800m
- including 104m @ 1.5g/t Au & 1.3% Cu from 884m
- including 76m @ 1.8g/t Au & 1.5% Cu from 908m
Havieron - Significant infill resource drilling results since the December 2020([1]) Quarterly Exploration Report:
- HAD112
- 196.1m @ 1.7g/t Au & 0.28% Cu from 545.9m
- including 18.5m @ 4.9g/t Au & 0.60% Cu from 595m
- HAD122
- 97m @ 3.9g/t Au & 0.50% Cu from 500m
- including 15m @ 9.7g/t Au & 1.8% Cu from 500m
____________________
1 # drilling in progress * partial intercept, assays pending ** partial intercept, assays pending; ^ updated intercept or ^^ previously reported.
- HAD123
- 169.5m @ 3.4g/t Au & 0.33% Cu from 711.5m
- including 58.9m @ 6.2g/t Au & 0.23% Cu from 736.1m
- including 3.1m @ 95g/t Au & 0.50% Cu from 781.8m
- HAD127
- 79.3m @ 4.5g/t Au & 1.4% Cu from 537m
- including 41.7m @ 8.4g/t Au & 2.6% Cu from 549m
- HAD130
- 109.4m @ 5.9g/t Au & 0.63% Cu from 622m
including 24m @ 17g/t Au & 1.4% Cu from 630m
- 109.4m @ 5.9g/t Au & 0.63% Cu from 622m
Red Chris, British Columbia, Canada
Red Chris is a joint venture between Newcrest (70%) and Imperial Metals Corporation (30%). Newcrest acquired its interest in, and operatorship of, Red Chris on 15 August 2019.
The Brownfields Exploration program is focused on the discovery of additional zones of higher grade mineralisation within the Red Chris porphyry corridor, including targets outside of the historic Imperial Metals resource. Since
31 December 2020, there were up to six diamond drill rigs in operation. A further 4,742m of drilling has been completed from 4 drill holes. All drill holes intersected mineralisation. This contributed to a total of 109,177m of drilling from 92 drill holes since Newcrest acquired its interest in the joint venture. Drilling continues to return significant intercepts across the entire porphyry corridor.
At East Ridge, located adjacent to the East Zone, Newcrest's first hole has discovered a new zone of higher grade mineralisation, with hole RC678 returning 198m @ 0.89g/t Au & 0.83% Cu from 800m, including 76m @ 1.8g/t Au and 1.5% Cu from 908m. The style of mineralisation and grade tenor is similar to that seen in the high grade pods from the East Zone (previously reported). The intercept, a 300m step out east of the East Zone, is located south of the South Boundary Fault, is open in all directions and extends the eastern side of the porphyry corridor as shown in Figures 1 and 2. Drilling to define the extent and continuity of this high grade mineralisation is underway.
In the East Zone, drilling continues to confirm the potential for additional high grade mineralisation south of the South Boundary Fault. The South Boundary Fault currently defines the southern extent of mineralisation across the East Zone, Main Zone and Gully Zone. Results from RC677, which extended across the fault, 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 south side of the fault. Located 300m west of East Ridge, drilling to define the extent and continuity of this potential high grade mineralisation is underway.
In the Main Zone, drilling has confirmed the potential for further higher grade mineralisation which could support additional mining fronts, beneath and to the south west of the open pit. Results from RC675, which followed up historic results south west of the Main Zone pit, returned 438m @ 0.32g/t Au & 0.41% Cu from 264m, including 30m @ 0.57g/t Au & 0.77% Cu from 340m. The mineralisation is located immediately adjacent to the South Boundary Fault and is open at depth and along strike. Drilling to define the extent and continuity of this potential high grade mineralisation is underway.
Approximately 50,000m of growth-related drilling is planned this calendar year with an increase to 8 drill rigs next quarter. Further drilling of the East Ridge and Main Zone is planned to define the extent of the mineralisation and is expected to be completed by June 2021. Further targets along the porphyry corridor and neighbouring GJ property, have been identified with the potential to conduct drilling to test these targets in the future.
Refer to Appendix 1 for additional information, and Drillhole data table for all results reported during the period.
Figure 1. Schematic plan view map of the Red Chris porphyry corridor spanning East Ridge, East Zone, Main Zone and Gully Zone showing drill hole locations (Newcrest & Imperial) and significant Newcrest intercepts (drill intercepts have been reported in Appendix 1 of this report, and in prior Newcrest exploration releases). 1g/t AuEq and 2g/t AuEq shell projections generated from a Leapfrog model. Gold equivalent (AuEq) grade calculated using a copper conversion factor of 1.79 ([gold grade (g/t)] + [copper grade (%) x 1.79]), using US$1,300/oz Au, US$3.40/lb Cu and 100% recovery.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7614/76805_2dec3194e4713be9_003full.jpg
Figure 2. Long section view map of the Cadia and Red Chris porphyry corridors showing drill hole locations and gold distribution.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/7614/76805_2dec3194e4713be9_004full.jpg
Havieron Project, Western Australia
The Havieron Project is operated by Newcrest under a Joint Venture Agreement with Greatland Gold. As announced on 30 November 2020, Newcrest has now met the Stage 3 expenditure requirement (US$45 million) and is entitled to earn an additional 20% joint venture interest, resulting in an overall joint venture interest of 60% (Greatland Gold 40%). Newcrest can earn up to a 70% joint venture interest through total expenditure of US$65 million and the completion of a series of exploration and development milestones in a four-stage farm-in over a six year period that commenced in May 2019. Newcrest may acquire an additional 5% interest at the end of the farm-in period at fair market value. The Joint Venture Agreement includes tolling principles reflecting the intention of the parties that, subject to a successful exploration program and Feasibility Study and a positive decision to mine, the resulting joint venture mineralised material will be processed at Telfer.
The Havieron Project is centred on a deep magnetic anomaly located 45km east of Telfer in the Paterson Province. The deposit is overlain by more than 420m of post mineral Permian cover. Newcrest commenced drilling during the June 2019 quarter and has progressively increased its drilling activities with up to eight drill rigs operational during the period. Drilling activities from 26 infill drill holes resulted in 16,449m of drilling completed since 30 December 2020, with all drill holes intersecting mineralisation. A total of 154,953m of drilling from 179 drill holes has been completed since Newcrest commenced exploration activity in May 2019.
At Havieron, infill drilling to support the delivery of an Indicated Mineral Resource estimate in the South East Crescent Zone and adjacent Breccia Zones has been completed. This infill drilling confirms previously reported drilling results and provides additional support for both geological and grade continuity for ongoing studies.
Drilling since May 2019 has outlined an ovoid shaped zone of variable brecciation, alteration and sulphide mineralisation with dimensions of 650m x 350m trending in a north west orientation. Breccia mineralisation has been identified internally and externally to the Crescent Zone, including targets which remain open to the east, north west and south east. Mineralisation has been observed to over 1,000m in vertical extent below the post mineralisation cover sequence and remains open at depth.
Within this ovoid shaped zone, exploration activity has identified four key target regions at this stage, which are:
- South East Crescent and Breccia
- North West Crescent
- Northern Breccia
- Eastern Breccia
An infill drilling program comprising 43 holes saw 26 holes completed during the reporting period (within the Inferred Mineral Resource Boundary) at a nominal 50m by 50m spacing, designed to support the delivery of an Indicated Mineral Resource estimate in the South East Crescent Zone and adjacent Breccia Zones. Assay results have now been received for all of the holes. The results are in line with expectations and increase the confidence in the continuity of the higher grade mineralisation. Results for the reporting period include(1):
- HAD112
- 196.1m @ 1.7g/t Au & 0.28% Cu from 545.9m
- including 18.5m @ 4.9g/t Au & 0.60% Cu from 595m
- HAD113W2
- 89.3m @ 2.3g/t Au & 0.38% Cu from 799.5m
- HAD114W1
- 114.8m @ 0.97g/t Au & 0.14% Cu from 770.4m
- Including 16m @ 5.1g/t Au & 0.49% Cu from 840.6m
- HAD116
- 164m @ 1.3g/t Au & 0.49% Cu from 644m
- including 15.7m @ 5.2g/t Au & 0.8% Cu from 655.7m
- HAD117
- 33.7m @ 6.1g/t Au & 0.63% Cu from 699m
- including 22.7m @ 9g/t Au & 0.88% Cu from 710m
- HAD117W1
- 33.8m @ 4.1g/t Au & 0.25% Cu from 794.2m
- Including 15.6m @ 5.8g/t Au & 0.23% Cu from 794.4m
- HAD118
- 31.9m @ 3.4g/t Au & 0.88% Cu from 626m
- including 18.2m @ 4.7g/t Au & 1.1% Cu from 639.3m
- HAD119
- 129.5m @ 1.5g/t Au & 0.29% Cu from 550.1m
- including 40m @ 4.3g/t Au & 0.79% Cu from 627m
- HAD119W1
- 65m @ 2.6g/t Au & 0.45% Cu from 663m
- including 17.5m @ 4.6g/t Au & 0.55% Cu from 674.5m
- HAD120
- 199.5m @ 1.1g/t Au & 0.30% Cu from 573m
- including 13m @ 5.6g/t Au & 0.4% Cu from 670m
- HAD121
- 70.5m @ 2.8g/t Au & 0.17% Cu from 514m
- including 2.1m @ 59g/t Au & 1.3% Cu from 519.8m
- HAD122
- 97m @ 3.9g/t Au & 0.50% Cu from 500m
- including 15m @ 9.7g/t Au & 1.8% Cu from 500m
- HAD123
- 169.5m @ 3.4g/t Au & 0.33% Cu from 711.5m
- including 58.9m @ 6.2g/t Au & 0.23% Cu from 736.1m
- including 3.1m @ 95g/t Au & 0.50% Cu from 781.8m
- HAD127
- 79.3m @ 4.5g/t Au & 1.4% Cu from 537m
- including 41.7m @ 8.4g/t Au & 2.6% Cu from 549m
- HAD130
- 109.4m @ 5.9g/t Au & 0.63% Cu from 622m
- including 24m @ 17g/t Au & 1.4% Cu from 630m
- HAD131
- 54.5m @ 1.9g/t Au & 1.3% Cu from 508m
- including 33.8m @ 2.4g/t Au & 1.2% Cu from 508.2m
Mineralisation is open at depth below the Inferred Mineral Resource indicating the potential for resource expansion at depth with additional drilling. Current drilling is targeted to define the extent and growth potential of the Havieron mineralised system.
Drilling in the current period was impacted by seasonal wet weather. Currently 8 drill rigs are operational on the growth drilling program with a focus on the North West Crescent and Northern Breccia Zone. This drilling is aimed to provide support for the potential expansion of the existing Inferred Mineral Resource. Drill testing and interpretation of the geological and mineralisation controls of the Eastern Breccia Zone is ongoing. Further targets outside of Havieron, but within the joint venture area with Greatland Gold, have been identified with the potential to conduct drilling to test these targets in the future.
Refer to Appendix 2 for additional information, and Drillhole data table for all results reported during the period.
Figure 3. 3D Plan view schematic showing the spatial association of the South East Crescent + Breccia, North West Crescent, Northern Breccia and newly recognised Eastern Breccia targets outline projected to surface.
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/7614/76805_2dec3194e4713be9_005full.jpg
Figure 4. Plan view schematic of a horizontal slice at 4700mRL through the Crescent Sulphide Zone and Breccia-hosted Zones, showing the extents of the 0.5 and 1.0 g/t Au LeapfrogTM grade shells with highlighted newly reported intercepts for this period. Also shown is the Eastern Breccia, Northern Breccia and North West Crescent mineralisation outlines projected to the 4700mRL section - drilling is ongoing to confirm the extent of these zones.
To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/7614/76805_2dec3194e4713be9_006full.jpg
Wilki Project, Western Australia
Newcrest entered into an exploration farm-in and joint venture agreement with Antipa Minerals Limited on 11 March 2020 in respect of the southern portion of its 100% owned ground in the Paterson Province of Western Australia (now called the 'Wilki Project').
The Wilki Project covers a strategic landholding of ~2,200km2 which surrounds the Telfer operation and is also in close proximity to the Havieron Project and the Juri Joint Venture.
Exploration activity during the December 2020 quarter included a 15 hole drill program testing five targets previously identified from Airborne Electromagnetic Survey (AEM), geochemistry and magnetic data. Interpretation of results are ongoing.
A work program for the 2021 field season targeting additional high priority targets is in preparation.
Juri Joint Venture, Western Australia
On 30 November 2020, Newcrest entered into the Juri Joint Venture which is a farm-in and joint venture agreement with Greatland Gold, with respect to its Black Hills and Paterson Range East projects, located within the Paterson Province approximately 50km from the Telfer operation. The new joint venture covers an area of approximately 248km2.
Under the terms of the agreement, Newcrest has been granted an initial 25% joint venture interest with the potential to earn up to a 75% joint venture interest through total expenditure of A$20 million over a two stage earn-in, across a five year period. Greatland Gold will manage the Juri Joint Venture until the end of calendar year 2021, after which Newcrest has the right to be appointed as Manager.
Newcrest and Greatland Gold have agreed an exploration program until the end of calendar year 2021 which is anticipated to drill test priority targets, including the Parlay target within the Black Hills Project and the Goliath, Outamind and Los Diablos targets within the Paterson Range East Project. Additionally, geophysical work will be conducted in calendar year 2021 to identify other potential targets within both projects. Field activities are expected to commence by the end of March 2021.
Nevada, USA
At the Jarbidge project in northern Nevada, Newcrest is exploring an early-stage exploration target for low-sulfidation epithermal gold. Newcrest completed diamond drilling at the Jack Creek zone in February 2021 and is awaiting final assay results and data interpretation.
Appendix 1
Red Chris (70% Newcrest): JORC Table 1
Section 1: Sampling Techniques and Data
| Criteria |
| Commentary |
| Mineral tenement and land tenure status |
| Red Chris comprises 77 mineral tenures including five mining leases and is a joint venture between subsidiaries of Newcrest Mining Limited (70%) and Imperial Metals Corporation (30%). Newcrest Red Chris Mining Limited is the operator of Red Chris. Newcrest Red Chris Mining Limited and the Tahltan Nation (as represented by the Tahltan Central Government, the Tahltan Band and Iskut First Nation) signed an updated Impact, Benefit and Co-Management Agreement (IBCA) covering Red Chris on 15 August 2019. All obligations with respect to legislative requirements including minimum expenditure are maintained in good standing. |
| Exploration done by other parties |
| Conwest Exploration Limited, Great Plains Development Co. of Canada, Silver Standard Mines Ltd, Texasgulf Canada Ltd. (formerly Ecstall Mining Limited), American Bullion Minerals Ltd and bcMetals Corporation conducted exploration in the areas between 1956 and 2006. Imperial Metals Corporation acquired the project in 2007 and completed deeper drilling at the East and Main Zones between 2007 and 2012. |
| Geology |
| The Red Chris Project is located in the Stikine terrane of north-western British Columbia, 80 km south of the town of Dease Lake. Late Triassic sedimentary and volcanic rocks of the Stuhini Group host a series of Late Triassic to Early Jurassic 204?198 Ma) diorite to quartz monzonite stocks and dykes. Gold and copper mineralisation at Red Chris consists of vein, disseminated and breccia sulphide typical of porphyry-style mineralisation. Mineralisation is hosted by diorite to quartz monzonite stocks and dykes. The main mineral assemblage contains well developed pyrite-chalcopyrite-bornite sulphide mineral assemblages as vein and breccia infill, and disseminations. The main mineralisation event is associated with biotite and potassium feldspar-magnetite wall rock alteration. |
| Drill hole information |
| As provided. |
| Data aggregation methods |
| Significant assay intercepts are reported as (A) length-weighted averages exceeding 0.1g/t Au greater than or equal to 20m, with less than 10m of consecutive internal dilution; and (B) length-weighted averages exceeding 0.5g/t Au for greater than or equal to 10m, with less than 10m of consecutive internal dilution; and (C) length-weighted averages exceeding 1g/t Au for greater than or equal to 10m, with less than 10m of consecutive internal dilution; (D) length-weighted averages exceeding 5g/t Au greater than or equal to 10m, with less than 10m of consecutive internal dilution; and (E) length-weighted averages exceeding 10g/t Au for greater than or equal to 10m, with less than 10m of consecutive internal dilution. No top cuts are applied to intercept calculations. |
| Relationship between mineralisation widths and intercept lengths |
| Significant assay intervals reported represent apparent widths. Insufficient geological information is available to confirm the geological model and true width of significant assay intervals. |
| Diagrams |
| As provided. |
| Balanced reporting |
| This is the tenth release of Exploration Results for this project made by Newcrest. Previous release dates are 30 January 2020, 11 March 2020, 30 April 2020, 11 June 2020, 23 July 2020, 10 September 2020, 29 October 2020, 10 December 2020 and 28 January 2021. Earlier reporting of exploration programs conducted by Newcrest and Imperial Metals Corporation have previously been reported. Exploration drilling programs are ongoing and further material results will be reported in subsequent Newcrest releases. |
| Other substantive exploration data |
| Nil. |
| Further work |
| Further drilling is planned to define the extents of the East Ridge, East Zone and Main Zone. |
Drillhole data(1)
Red Chris Project, British Columbia, Canada
Reporting Criteria: Intercepts reported are downhole drill width (not true width) Au >0.1ppm (0.1g/t Au) and minimum 20m downhole width with maximum consecutive internal dilution of 10m. Also highlighted are high grade intervals of Au >0.5ppm (0.5g/t Au), Au >1ppm (1g/t Au), Au > 5ppm (5g/t Au), Au >10ppm (10g/t Au) and minimum 10m downhole width with maximum consecutive internal dilution of 10m. Gold grades are reported to two significant figures. Samples are from core drilling which is HQ or NQ in diameter. Core is photographed and logged by the geology team before being cut. Half core HQ and NQ samples are prepared for assay and the remaining material is retained in the core farm for future reference. Each assay batch is submitted with duplicates and standards to monitor laboratory quality. Total depth (end of hole) is rounded to one decimal place for reporting purposes.
| Hole ID |
| Hole Type |
| Easting (m) |
| Northing (m) |
| RL (m) |
| Total Depth (m) |
| Azimuth (GRID) |
| Dip |
| From (m) |
| To (m) |
| Interval (m) |
| Au (ppm) |
| Cu (pct) |
| Cut off |
| RC675 |
| DD |
| 451667 |
| 6395388 |
| 1539 |
| 981.2 |
| 147 |
| -59 |
| 150 |
| 194 |
| 44 |
| 0.11 |
| 0.15 |
| 0.1 |
| 264 |
| 702 |
| 438 |
| 0.32 |
| 0.41 |
| 0.1 |
| incl. |
| 314 |
| 326 |
| 12 |
| 0.55 |
| 0.74 |
| 0.5 |
| incl. |
| 340 |
| 370 |
| 30 |
| 0.57 |
| 0.77 |
| 0.5 |
| incl. |
| 544 |
| 562 |
| 18 |
| 0.62 |
| 0.66 |
| 0.5 |
| RC676# |
| DD |
| 452008 |
| 6396133 |
| 1554 |
| 806.4 |
| 145 |
| -59 |
| Assays pending |
| RC677 |
| DD |
| 453064 |
| 6396386 |
| 1460 |
| 1445.1 |
| 148 |
| -64 |
| 188 |
| 230 |
| 42 |
| 0.11 |
| 0.03 |
| 0.1 |
| 528 |
| 1052 |
| 524 |
| 0.37 |
| 0.39 |
| 0.1 |
| incl. |
| 638 |
| 794 |
| 156 |
| 0.71 |
| 0.59 |
| 0.5 |
| incl. |
| 784 |
| 794 |
| 10 |
| 1.5 |
| 0.88 |
| 1 |
| incl. |
| 810 |
| 854 |
| 44 |
| 0.57 |
| 0.43 |
| 0.5 |
| 1066 |
| 1148 |
| 82 |
| 0.12 |
| 0.18 |
| 0.1 |
| RC678 |
| DD |
| 453251 |
| 6396597 |
| 1420 |
| 1499.3 |
| 147 |
| -59 |
| 706 |
| 782 |
| 76 |
| 0.14 |
| 0.27 |
| 0.1 |
| 800 |
| 998 |
| 198 |
| 0.89 |
| 0.83 |
| 0.1 |
| incl. |
| 884 |
| 988 |
| 104 |
| 1.5 |
| 1.3 |
| 0.5 |
| incl. |
| 908 |
| 984 |
| 76 |
| 1.8 |
| 1.5 |
| 1 |
| RC679 |
| DD |
| 451618 |
| 6395469 |
| 1540 |
| 1135.1 |
| 148 |
| -59 |
| Assays pending |
| RC680 |
| DD |
| 451718 |
| 6395301 |
| 1539 |
| 770.2 |
| 150 |
| -59 |
| Assays pending |
| RC681# |
| DD |
| 451585 |
| 6395323 |
| 1528 |
| 536.3 |
| 151 |
| -59 |
| Assays pending |
| RC682# |
| DD |
| 453064 |
| 6396386 |
| 1460 |
| 734.3 |
| 149 |
| -69 |
| Assays pending |
| RC683# |
| DD |
| 451963 |
| 6395068 |
| 1537 |
| 13.5 |
| 328 |
| -59 |
| Assays pending |
| RC684# |
| DD |
| 453252 |
| 6396600 |
| 1420 |
| 293.0 |
| 147 |
| -63 |
| Assays pending |
Figure 5. Schematic plan view map of the East Ridge and East Zone showing drill hole locations (Newcrest & Imperial) and significant Newcrest intercepts (drill intercepts have been reported in Appendix 1 of this report, and in prior Newcrest exploration releases). 1g/t AuEq and 2g/t AuEq shell projections generated from a Leapfrog model and sliced at 800mRL. Gold equivalent (AuEq) grade calculated using a copper conversion factor of 1.79 ([gold grade (g/t)] + [copper grade (%) x 1.79]), using US$1,300/oz Au, US$3.40/lb Cu and 100% recovery.
To view an enhanced version of Figure 5, please visit:
https://orders.newsfilecorp.com/files/7614/76805_2dec3194e4713be9_007full.jpg
Figure 6. Schematic plan view map of the Main Zone showing drill hole locations (Newcrest & Imperial) and significant Newcrest intercepts (drill intercepts have been reported in Appendix 1 of this report, and in prior Newcrest exploration releases). 1g/t AuEq and 2g/t AuEq shell projections generated from a Leapfrog model and sliced at 800mRL. Gold equivalent (AuEq) grade calculated using a copper conversion factor of 1.79 ([gold grade (g/t)] + [copper grade (%) x 1.79]), using US$1,300/oz Au, US$3.40/lb Cu and 100% recovery.
To view an enhanced version of Figure 6, please visit:
https://orders.newsfilecorp.com/files/7614/76805_2dec3194e4713be9_008full.jpg
Figure 7. Schematic cross section of RC678 (Section Line 34) showing Newcrest and Imperial drill holes and Newcrest intercepts (drill intercepts have been reported in Appendix 1 of this report, and in prior Newcrest exploration releases) 0.5 g/t AuEq, 1g/t AuEq and 2g/t AuEq shell projections generated from Leapfrog model. Due to window size (+/- 50m) and section orientation (150?) hole may appear on multiple sections.
To view an enhanced version of Figure 7, please visit:
https://orders.newsfilecorp.com/files/7614/76805_2dec3194e4713be9_009full.jpg
Figure 8. Schematic cross section of RC677 (Section Line 31) showing Newcrest and Imperial drill holes and Newcrest intercepts (drill intercepts have been reported in Appendix 1 of this report, and in prior Newcrest exploration releases) 0.5 g/t AuEq, 1g/t AuEq and 2g/t AuEq shell projections generated from Leapfrog model. Due to window size (+/- 50m) and section orientation (150?) hole may appear on multiple sections.
To view an enhanced version of Figure 8, please visit:
https://orders.newsfilecorp.com/files/7614/76805_2dec3194e4713be9_010full.jpg
Figure 9. Schematic cross section of RC675 (Section Line 14) showing Newcrest and Imperial drill holes and Newcrest intercepts (drill intercepts have been reported in Appendix 1 of this report, and in prior Newcrest exploration releases) 0.5 g/t AuEq, 1g/t AuEq and 2g/t AuEq shell projections generated from Leapfrog model. Due to window size (+/- 50m) and section orientation (150?) hole may appear on multiple sections.
To view an enhanced version of Figure 9, please visit:
https://orders.newsfilecorp.com/files/7614/76805_2dec3194e4713be9_011full.jpg
Appendix 2
Havieron Project (Greatland Gold Plc - Joint Venture Agreement): JORC Table 1
Section 1: Sampling Techniques and Data
| Criteria |
| Commentary |
| Mineral tenement and land tenure status |
| The Havieron Project is entirely contained within mining tenement M45/1287, which is jointly owned by Greatland Pty Ltd and Newcrest Operations Limited. Newcrest has entered into a Joint Venture Agreement (effective 30 November 2020) and Farm-In Agreement (effective 12 March 2019) with Greatland Pty Ltd and Greatland Gold plc. Newcrest is the manager of the Havieron Project. Newcrest has now met the Stage 3 expenditure requirement (US$45 million) and is entitled to earn an additional 20% joint venture interest, resulting in an overall joint venture interest of 60%. Newcrest has the right to earn up to a 70% interest and acquire a further 5% at fair market value. Newcrest and the Western Desert Lands Aboriginal Corporation are parties to an Indigenous Land Use Agreement (ILUA) which relates to the use of native title land for Newcrest's current operations at Telfer and its activities within a 60-km radius around Telfer and includes its exploration activities at Havieron. The parties have agreed that the ILUA will apply to any future development activities by the Joint Venture Participants (Newcrest and Greatland Gold) at Havieron. The mining tenement M45/1287 wholly replaces the 12 sub-blocks of exploration tenement E45/4701 (former exploration tenement on which the Havieron Project is based) and was granted on 10 September 2020. All obligations with respect to legislative requirements including minimum expenditure are maintained in good standing for prior exploration tenement E45/4701. |
| Exploration done by other parties |
| Newcrest completed six core holes in the vicinity of the Havieron Project from 1991 to 2003. Greatland Gold completed drill targeting and drilling of nine Reverse Circulation (RC) drill holes with core tails for a total of approximately 6,800m in 2018. Results of drilling programs conducted by Greatland Gold have previously been reported on the Greatland Gold website. Drilling has defined an intrusion-related mineral system with evidence of breccia and massive sulphide-hosted higher-grade gold-copper mineralisation. |
| Geology |
| The Havieron Project is located within the north-western exposure of the Palaeo-Proterozoic to Neoproterozoic Paterson Orogen (formerly Paterson Province), 45 km east of Telfer. The Yeneena Supergroup hosts the Havieron prospect and consists of a 9km thick sequence of marine sedimentary rocks and is entirely overlain by approximately 420m of Phanerozoic sediments of the Paterson Formation and Quaternary aeolian sediments. Gold and copper mineralisation at Havieron consist of breccia, vein and massive sulphide replacement gold and copper mineralisation typical of intrusion-related and skarn styles of mineralisation. Mineralisation is hosted by metasedimentary rocks (meta-sandstones, meta-siltstones and meta-carbonate) and intrusive rocks of an undetermined age. The main mineral assemblage contains well developed pyrrhotite-chalcopyrite and pyrite sulphide mineral assemblages as breccia and vein infill, and massive sulphide lenses. The main mineralisation event is associated with amphibole-carbonate-biotite-sericite-chlorite wall rock alteration. Drilling has partially defined the extents of mineralisation which are observed over 650m by 350m within an arcuate shaped mineralised zone, and to depths of up to 1400m below surface. |
| Drill hole Information |
| As provided. |
| Data aggregation methods |
| Significant assay intercepts are reported as (A) length-weighted averages exceeding 1.0g/t Au greater than or equal to 10m, with a maximum of 5m consecutive internal dilution; and (B) length-weighted averages exceeding 0.2g/t Au for greater than or equal to 20m, with a maximum of 10m consecutive internal dilution, and (C) intervals of >30g/t with no internal dilution which are greater or equal to 30 gram metres (Au_ppm x length). No top cuts are applied to intercept calculations. |
| Relationship between mineralisation widths and intercept lengths |
| Significant assay intervals reported represent apparent widths. Drilling is not always perpendicular to the dip of mineralisation and true widths are less than downhole widths. Estimates of true widths will only be possible when all results are received, and final geological interpretations have been completed. |
| Diagrams |
| As provided. |
| Balanced reporting |
| This is the fourteenth release of Exploration Results for this project made by Newcrest. Previous release dates are 25 July 2019, 10 September 2019, 24 October 2019, 2 December 2019, 30 January 2020, 11 March 2020, 30 April 2020, 11 June 2020, 23 July 2020, 10 September 2020, 29 October 2020, 10 December 2020 and 28 January 2021. Earlier reporting of exploration programs conducted by Newcrest and Greatland Gold have previously been reported. Exploration drilling programs are ongoing and further material results will be reported in subsequent Newcrest releases. |
| Other substantive exploration data |
| Nil |
| Further work |
| Growth drilling is planned to extend the limits of the mineralised system and infill drilling in the existing defined breccias looking to establish additional resources outside of those stated in this announcement. |
Drillhole data(1)
Havieron Project, Paterson Province, Western Australia
Reporting Criteria: Intercepts reported are downhole drill width (not true width) Au >0.20ppm (0.2g/t Au) and minimum 20m downhole width with maximum consecutive internal dilution of 10m. Average grades are based on length-weighting of samples grades. Also highlighted are high grade intervals of Au >1.0ppm (1g/t Au) and minimum 10m downhole width with maximum consecutive internal dilution of 5m, and intervals of >30g/t with no internal dilution which are greater or equal to 30 gram metres (Au_ppm x length) are tabled. Gold grades are reported to two significant figures, the downhole lengths are rounded to 0.1m which may cause some apparent discrepancies in interval widths. Samples are from core drilling which is PQ, HQ or NQ in diameter. Core is photographed and logged by the geology team before being cut. Half core PQ, HQ and NQ samples are prepared for assay and the remaining material is retained in the core farm for future reference. Each assay batch is submitted with duplicates and standards to monitor laboratory quality. Total depth (end of hole) is rounded to one decimal place for reporting purposes. Collars denoted with a * show partial results, with further significant assays to be reported in subsequent exploration updates.
| Hole ID |
| Hole Type |
| Easting (m) |
| Northing (m) |
| RL (m) |
| Total Depth (m) |
| Azimuth |
| Dip |
| From (m) |
| To (m) |
| Interval (m) |
| Au (ppm) |
| Cu (pct) |
| Cut off |
| HAD060W3 |
| MR-DD |
| 464463 |
| 7597243 |
| 5260 |
| 853 |
| 315 |
| -59 |
| 739 |
| 772 |
| 33 |
| 0.23 |
| 0.08 |
| 0.2 g/t Au |
| 783 |
| 826.3 |
| 43.3 |
| 0.99 |
| 0.24 |
| 0.2 g/t Au |
| incl |
| 790.2 |
| 817 |
| 26.8 |
| 1.4 |
| 0.32 |
| 1.0 g/t Au |
| HAD112 |
| MR-DD |
| 463837 |
| 7597384 |
| 5260 |
| 751 |
| 38 |
| -57 |
| 545.9 |
| 742 |
| 196.1 |
| 1.7 |
| 0.28 |
| 0.2 g/t Au |
| incl |
| 567 |
| 568 |
| 1 |
| 38 |
| 0.21 |
| 30 g/t Au |
| incl |
| 595 |
| 613.5 |
| 18.5 |
| 4.9 |
| 0.60 |
| 1.0 g/t Au |
| incl |
| 599.5 |
| 600 |
| 0.5 |
| 91 |
| 1.1 |
| 30 g/t Au |
| HAD113W2 |
| MR-DD |
| 463850 |
| 7597976 |
| 5256 |
| 906 |
| 132 |
| -58 |
| 629 |
| 674.9 |
| 45.9 |
| 0.55 |
| 0.05 |
| 0.2 g/t Au |
| 767.6 |
| 788.8 |
| 21.2 |
| 0.51 |
| 0.18 |
| 0.2 g/t Au |
| 799.5 |
| 888.8 |
| 89.3 |
| 2.3 |
| 0.38 |
| 0.2 g/t Au |
| incl |
| 861 |
| 862 |
| 1 |
| 55 |
| 1.1 |
| 30 g/t Au |
| HAD114W1 |
| MR-DD |
| 464570 |
| 7598074 |
| 5258 |
| 910 |
| 230 |
| -57 |
| 770.4 |
| 885.2 |
| 114.8 |
| 0.97 |
| 0.14 |
| 0.2 g/t Au |
| incl |
| 840.6 |
| 856.6 |
| 16 |
| 5.1 |
| 0.49 |
| 1.0 g/t Au |
| HAD114W2 |
| MR-DD |
| 464570 |
| 7598074 |
| 5258 |
| 919 |
| 230 |
| -57 |
| 770.8 |
| 781.8 |
| 11 |
| 2.7 |
| 0.06 |
| 1.0 g/t Au |
| 833.7 |
| 906 |
| 72.3 |
| 0.28 |
| 0.04 |
| 0.2 g/t Au |
| HAD115 |
| MR-DD |
| 464294 |
| 7597925 |
| 5257 |
| 891 |
| 220 |
| -61 |
| 595.2 |
| 615.5 |
| 20.3 |
| 1.0 |
| 0.11 |
| 0.2 g/t Au |
| 638.9 |
| 692 |
| 53.1 |
| 1.3 |
| 0.21 |
| 0.2 g/t Au |
| incl |
| 653.2 |
| 664.8 |
| 11.6 |
| 2.5 |
| 0.08 |
| 1.0 g/t Au |
| 718 |
| 830 |
| 112 |
| 0.87 |
| 0.21 |
| 0.2 g/t Au |
| incl |
| 754 |
| 768 |
| 14 |
| 1.7 |
| 0.66 |
| 1.0 g/t Au |
| 855 |
| 887.2 |
| 32.2 |
| 2.1 |
| 0.11 |
| 0.2 g/t Au |
| incl |
| 857.8 |
| 868 |
| 10.2 |
| 6.2 |
| 0.29 |
| 1.0 g/t Au |
| incl |
| 861.6 |
| 862 |
| 0.4 |
| 109 |
| 0.3 |
| 30 g/t Au |
| HAD116 |
| MR-DD |
| 464004 |
| 7597296 |
| 5260 |
| 808 |
| 15 |
| -65 |
| 644 |
| 808 |
| 164 |
| 1.3 |
| 0.49 |
| 0.2 g/t Au |
| incl |
| 655.7 |
| 671.4 |
| 15.7 |
| 5.2 |
| 0.80 |
| 1.0 g/t Au |
| incl |
| 679.2 |
| 694.5 |
| 15.3 |
| 2.1 |
| 1.2 |
| 1.0 g/t Au |
| incl |
| 759 |
| 770.3 |
| 11.3 |
| 2.6 |
| 1.0 |
| 1.0 g/t Au |
| HAD116W1 |
| MR-DD |
| 464003 |
| 7597295 |
| 5260 |
| 821 |
| 15 |
| -65 |
| 654 |
| 759.4 |
| 105.4 |
| 0.78 |
| 0.40 |
| 0.2 g/t Au |
| HAD117 |
| MR-DD |
| 464211 |
| 7597977 |
| 5256 |
| 859 |
| 211 |
| -61 |
| 595.6 |
| 681.6 |
| 86 |
| 0.24 |
| 0.03 |
| 0.2 g/t Au |
| 699 |
| 732.7 |
| 33.7 |
| 6.1 |
| 0.63 |
| 0.2 g/t Au |
| incl |
| 710 |
| 732.7 |
| 22.7 |
| 9.0 |
| 0.88 |
| 1.0 g/t Au |
| incl |
| 714.5 |
| 714.9 |
| 0.4 |
| 88 |
| 0.73 |
| 30 g/t Au |
| incl |
| 719.6 |
| 720.5 |
| 0.92 |
| 39 |
| 1.2 |
| 30 g/t Au |
| 752.3 |
| 836 |
| 83.7 |
| 2.0 |
| 0.06 |
| 0.2 g/t Au |
| 772 |
| 772.7 |
| 0.7 |
| 74 |
| 0.36 |
| 30 g/t Au |
| 801 |
| 801.9 |
| 0.9 |
| 34 |
| 0.03 |
| 30 g/t Au |
| HAD117W1 |
| MR-DD |
| 464210 |
| 7597978 |
| 5256 |
| 862 |
| 211 |
| -61 |
| 599.9 |
| 669 |
| 69.1 |
| 0.32 |
| 0.02 |
| 0.2 g/t Au |
| 700 |
| 783 |
| 83 |
| 1.5 |
| 0.12 |
| 0.2 g/t Au |
| incl |
| 732.3 |
| 746.2 |
| 13.9 |
| 6.1 |
| 0.50 |
| 1.0 g/t Au |
| incl |
| 732.3 |
| 732.8 |
| 0.5 |
| 72 |
| 7.5 |
| 30 g/t Au |
| 794.2 |
| 828 |
| 33.8 |
| 4.1 |
| 0.25 |
| 0.2 g/t Au |
| incl |
| 794.4 |
| 810 |
| 15.6 |
| 5.8 |
| 0.23 |
| 1.0 g/t Au |
| HAD118 |
| MR-DD |
| 464348 |
| 7597294 |
| 5260 |
| 721 |
| 330 |
| -55 |
| 626 |
| 657.9 |
| 31.9 |
| 3.4 |
| 0.88 |
| 0.2 g/t Au |
| incl |
| 639.3 |
| 657.5 |
| 18.2 |
| 4.7 |
| 1.1 |
| 1.0 g/t Au |
| 670.7 |
| 712.5 |
| 41.8 |
| 1.4 |
| 0.63 |
| 0.2 g/t Au |
| incl |
| 670.7 |
| 697.9 |
| 27.2 |
| 1.8 |
| 0.61 |
| 1.0 g/t Au |
| HAD119 |
| MR-DD |
| 463898 |
| 7597795 |
| 5257 |
| 713 |
| 92 |
| -56 |
| 550.1 |
| 679.6 |
| 129.5 |
| 1.5 |
| 0.29 |
| 0.2 g/t Au |
| incl |
| 627 |
| 667 |
| 40 |
| 4.3 |
| 0.79 |
| 1.0 g/t Au |
| HAD119W1 |
| MR-DD |
| 463899 |
| 7597795 |
| 5257 |
| 780 |
| 92 |
| -56 |
| 546 |
| 641 |
| 95 |
| 0.67 |
| 0.07 |
| 0.2 g/t Au |
| 663 |
| 728 |
| 65 |
| 2.6 |
| 0.45 |
| 0.2 g/t Au |
| incl |
| 674.5 |
| 692 |
| 17.5 |
| 4.6 |
| 0.55 |
| 1.0 g/t Au |
| incl |
| 697.3 |
| 717.7 |
| 20.4 |
| 3.7 |
| 0.54 |
| 1.0 g/t Au |
| incl |
| 713 |
| 714 |
| 1 |
| 34 |
| 0.43 |
| 30 g/t Au |
| HAD120 |
| MR-DD |
| 464002 |
| 7597296 |
| 5260 |
| 775 |
| 13 |
| -58 |
| 573 |
| 772.5 |
| 199.5 |
| 1.1 |
| 0.30 |
| 0.2 g/t Au |
| incl |
| 580 |
| 599.8 |
| 19.8 |
| 2.8 |
| 0.86 |
| 1.0 g/t Au |
| incl |
| 627.3 |
| 643.3 |
| 16 |
| 2.2 |
| 0.74 |
| 1.0 g/t Au |
| incl |
| 670 |
| 683 |
| 13 |
| 5.6 |
| 0.40 |
| 1.0 g/t Au |
| incl |
| 672.2 |
| 673.2 |
| 1 |
| 54 |
| 0.80 |
| 30 g/t Au |
| incl |
| 710 |
| 721.1 |
| 11.1 |
| 1.1 |
| 0.16 |
| 1.0 g/t Au |
| HAD121 |
| MR-DD |
| 463853 |
| 7597437 |
| 5260 |
| 660 |
| 28 |
| -60 |
| 514 |
| 584.5 |
| 70.5 |
| 2.8 |
| 0.17 |
| 0.2 g/t Au |
| incl |
| 519.8 |
| 521.9 |
| 2.1 |
| 59 |
| 1.3 |
| 30 g/t Au |
| 605.1 |
| 647.7 |
| 42.6 |
| 0.21 |
| 0.04 |
| 0.2 g/t Au |
| HAD122 |
| MR-DD |
| 463855 |
| 7597435 |
| 5260 |
| 710 |
| 37 |
| -59 |
| 500 |
| 597 |
| 97 |
| 3.9 |
| 0.50 |
| 0.2 g/t Au |
| incl |
| 500 |
| 515 |
| 15 |
| 9.7 |
| 1.8 |
| 1.0 g/t Au |
| incl |
| 502.9 |
| 504.3 |
| 1.4 |
| 38 |
| 0.69 |
| 30 g/t Au |
| incl |
| 525.6 |
| 548.1 |
| 22.5 |
| 7.5 |
| 0.57 |
| 1.0 g/t Au |
| incl |
| 538.3 |
| 539 |
| 0.7 |
| 82 |
| 0.71 |
| 30 g/t Au |
| incl |
| 556.6 |
| 572.3 |
| 15.7 |
| 3.4 |
| 0.26 |
| 1.0 g/t Au |
| HAD123 |
| MR-DD |
| 463800 |
| 7597704 |
| 5258 |
| 913 |
| 93 |
| -61 |
| 489.3 |
| 512.3 |
| 23 |
| 0.77 |
| 0.03 |
| 0.2 g/t Au |
| 526.8 |
| 654.3 |
| 127.5 |
| 0.45 |
| 0.07 |
| 0.2 g/t Au |
| 711.5 |
| 881 |
| 169.5 |
| 3.4 |
| 0.33 |
| 0.2 g/t Au |
| incl |
| 736.1 |
| 795 |
| 58.9 |
| 6.2 |
| 0.23 |
| 1.0 g/t Au |
| incl |
| 781.8 |
| 784.9 |
| 3.1 |
| 95 |
| 0.50 |
| 30 g/t Au |
| incl |
| 800.2 |
| 811.6 |
| 11.4 |
| 3.9 |
| 0.08 |
| 1.0 g/t Au |
| incl |
| 821.5 |
| 832.3 |
| 10.8 |
| 3.7 |
| 0.18 |
| 1.0 g/t Au |
| incl |
| 861 |
| 876.4 |
| 15.4 |
| 5.9 |
| 0.95 |
| 1.0 g/t Au |
| incl |
| 863 |
| 864 |
| 1 |
| 33 |
| 0.90 |
| 30 g/t Au |
| HAD124 |
| MR-DD |
| 464354 |
| 7598147 |
| 5257 |
| 770 |
| 223 |
| -60 |
| 637 |
| 659 |
| 22 |
| 0.54 |
| 0.11 |
| 0.2 g/t Au |
| HAD125 |
| MR-DD |
| 463932 |
| 7597782 |
| 5257 |
| 650 |
| 105 |
| -57 |
| 511.5 |
| 623.1 |
| 111.6 |
| 0.81 |
| 0.31 |
| 0.2 g/t Au |
| incl |
| 563.9 |
| 564.6 |
| 0.8 |
| 49 |
| 0.10 |
| 30 g/t Au |
| incl |
| 588 |
| 606 |
| 18 |
| 1.4 |
| 0.87 |
| 1.0 g/t Au |
| HAD126 |
| MR-DD |
| 463849 |
| 7597855 |
| 5257 |
| 694 |
| 87 |
| -53 |
| 530.7 |
| 609 |
| 78.3 |
| 1.1 |
| 0.51 |
| 0.2 g/t Au |
| incl |
| 585.9 |
| 606.5 |
| 20.6 |
| 3.0 |
| 1.1 |
| 1.0 g/t Au |
| HAD127 |
| MR-DD |
| 464571 |
| 7597737 |
| 5259 |
| 713 |
| 269 |
| -54 |
| 537 |
| 616.3 |
| 79.3 |
| 4.5 |
| 1.4 |
| 0.2 g/t Au |
| incl |
| 549 |
| 590.7 |
| 41.7 |
| 8.4 |
| 2.6 |
| 1.0 g/t Au |
| incl |
| 555 |
| 556 |
| 1 |
| 34 |
| 3.7 |
| 30 g/t Au |
| incl |
| 571.7 |
| 572.8 |
| 1.2 |
| 81 |
| 0.69 |
| 30 g/t Au |
| HAD128 |
| MR-DD |
| 464323 |
| 7598101 |
| 5257 |
| 624 |
| 213 |
| -62 |
| 483.3 |
| 514 |
| 30.7 |
| 0.37 |
| 0.03 |
| 0.2 g/t Au |
| 530 |
| 563.2 |
| 33.2 |
| 1.2 |
| 0.31 |
| 0.2 g/t Au |
| incl |
| 538.3 |
| 557 |
| 18.7 |
| 2.0 |
| 0.38 |
| 1.0 g/t Au |
| HAD129 |
| MR-DD |
| 464348 |
| 7597490 |
| 5261 |
| 685 |
| 315 |
| -65 |
| 488 |
| 605 |
| 117 |
| 1.9 |
| 0.62 |
| 0.2 g/t Au |
| incl |
| 496 |
| 512.5 |
| 16.5 |
| 4.0 |
| 0.68 |
| 1.0 g/t Au |
| incl |
| 538.2 |
| 563 |
| 24.8 |
| 4.3 |
| 1.3 |
| 1.0 g/t Au |
| incl |
| 594 |
| 605 |
| 11 |
| 1.6 |
| 1.2 |
| 1.0 g/t Au |
| HAD130 |
| MR-DD |
| 464603 |
| 7597752 |
| 5258 |
| 950 |
| 267 |
| -58 |
| 622 |
| 731.4 |
| 109.4 |
| 5.9 |
| 0.63 |
| 0.2 g/t Au |
| incl |
| 630 |
| 654 |
| 24 |
| 17 |
| 1.4 |
| 1.0 g/t Au |
| incl |
| 631.1 |
| 633.4 |
| 2.4 |
| 103 |
| 1.4 |
| 30 g/t Au |
| incl |
| 664 |
| 694 |
| 30 |
| 7.3 |
| 0.67 |
| 1.0 g/t Au |
| incl |
| 675 |
| 676 |
| 1 |
| 68 |
| 1.8 |
| 30 g/t Au |
| incl |
| 682 |
| 683 |
| 1 |
| 34 |
| 1.3 |
| 30 g/t Au |
| 764 |
| 764.4 |
| 0.4 |
| 82 |
| 0.31 |
| 30 g/t Au |
| 767.3 |
| 768.4 |
| 1.1 |
| 76 |
| 1.2 |
| 30 g/t Au |
| HAD131 |
| MR-DD |
| 464348 |
| 7597489 |
| 5261 |
| 567 |
| 306 |
| -62 |
| 508 |
| 562.5 |
| 54.5 |
| 1.9 |
| 1.3 |
| 0.2 g/t Au |
| incl |
| 508.2 |
| 542 |
| 33.8 |
| 2.4 |
| 1.2 |
| 1.0 g/t Au |
| incl |
| 552.5 |
| 562.5 |
| 10 |
| 2.2 |
| 2.8 |
| 1.0 g/t Au |
| HAD132 |
| MR-DD |
| 463613 |
| 7597741 |
| 5258 |
| 695 |
| 92 |
| -57 |
| 518.7 |
| 558 |
| 39.3 |
| 0.54 |
| 0.06 |
| 0.2 g/t Au |
| 590.3 |
| 624.8 |
| 34.5 |
| 0.27 |
| 0.05 |
| 0.2 g/t Au |
| 636.8 |
| 670 |
| 33.2 |
| 0.24 |
| 0.03 |
| 0.2 g/t Au |
Figure 10. Schematic plan view map showing drill hole locations and significant intercepts reported in this release superimposed on the interpreted geology. Previously reported holes are not shown for the sake of clarity. Note some holes and results appear on multiple sections due to the sections orientation and sections overlap.
To view an enhanced version of Figure 10, please visit:
https://orders.newsfilecorp.com/files/7614/76805_2dec3194e4713be9_012full.jpg
Figure 11. Schematic cross section of geology and significant new drillhole intercepts (looking northwest, Section Line S1, +/-50m section width, as shown in Figure 10). Due to section window size and orientation holes may appear on multiple sections.
To view an enhanced version of Figure 11, please visit:
https://orders.newsfilecorp.com/files/7614/76805_2dec3194e4713be9_013full.jpg
Figure 12. Schematic cross section of geology and significant new drillhole intercepts (looking northwest, Section Line S2, +/-50m section width, as shown in Figure 10). Due to section window size and orientation holes may appear on multiple sections.
To view an enhanced version of Figure 12, please visit:
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Figure 13. Schematic cross section of geology and significant new drillhole intercepts (looking northwest, Section Line S3, +/-50m section width, as shown in Figure 10). Due to section window size and orientation holes may appear on multiple sections.
To view an enhanced version of Figure 13, please visit:
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Figure 14. Schematic cross section of geology and significant new drillhole intercepts (looking northwest, Section Line S4, +/-50m section width, as shown in Figure 10). Due to section window size and orientation holes may appear on multiple sections.
To view an enhanced version of Figure 14, please visit:
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Figure 15. Schematic cross section of geology and significant new drillhole intercepts (looking southwest, Section Line S5, +/-50m section width, as shown in Figure 10). Due to section window size and orientation holes may appear on multiple sections.
To view an enhanced version of Figure 15, please visit:
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Figure 16. Schematic cross section of geology and significant new drillhole intercepts (looking southwest, Section Line S6, +/-50m section width, as shown in Figure 10). Due to section window size and orientation holes may appear on multiple sections.
To view an enhanced version of Figure 16, please visit:
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Figure 17. Schematic cross section of geology and significant new drillhole intercepts (looking southwest, Section Line S7, +/-50m section width, as shown in Figure 10). Due to section window size and orientation holes may appear on multiple sections.
To view an enhanced version of Figure 17, please visit:
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Forward Looking Statements
This document includes forward looking statements and forward looking information within the meaning of securities laws of applicable jurisdictions. Forward looking statements can generally be identified by the use of words such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate", "believe", "continue", "objectives", "targets", "outlook" and "guidance", or other similar words and may include, without limitation, statements regarding estimated reserves and resources, certain plans, strategies, aspirations and objectives of management, anticipated production, study or construction dates, expected costs, cash flow or production outputs and anticipated productive lives of projects and mines. Newcrest continues to distinguish between outlook and guidance. Guidance statements relate to the current financial year. Outlook statements relate to years subsequent to the current financial year.
These forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Newcrest's actual results, performance and achievements or industry results to differ materially from any future results, performance or achievements, or industry results, expressed or implied by these forward-looking statements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which Newcrest operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. For further information as to the risks which may impact on Newcrest's results and performance, please see the risk factors included in the Annual Information Form dated 13 October 2020 lodged with ASX and SEDAR.
Forward looking statements are based on Newcrest's good faith assumptions as to the financial, market, regulatory and other relevant environments that will exist and affect Newcrest's business and operations in the future. Newcrest does not give any assurance that the assumptions will prove to be correct. There may be other factors that could cause actual results or events not to be as anticipated, and many events are beyond the reasonable control of Newcrest. Readers are cautioned not to place undue reliance on forward looking statements, particularly in the current economic climate with the significant volatility, uncertainty and disruption caused by the COVID-19 pandemic. Forward looking statements in this document speak only at the date of issue. Except as required by applicable laws or regulations, Newcrest does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in assumptions on which any such statement is based.
Ore Reserves and Mineral Resources Reporting Requirements
As an Australian Company with securities listed on the Australian Securities Exchange (ASX), Newcrest is subject to Australian disclosure requirements and standards, including the requirements of the Corporations Act 2001 and the ASX. Investors should note that it is a requirement of the ASX listing rules that the reporting of ore reserves and mineral resources in Australia is in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and that Newcrest's ore reserve and mineral resource estimates comply with the JORC Code.
Newcrest is also subject to certain Canadian disclosure requirements and standards, as a result of its secondary listing on the Toronto Stock Exchange (TSX), including the requirements of National Instrument 43-101 (NI 43-101). Investors should note that it is a requirement of Canadian securities law that the reporting of Mineral Reserves and Mineral Resources in Canada and the disclosure of scientific and technical information concerning a mineral project on a property material to Newcrest comply with NI 43-101. Newcrest's material properties are currently Cadia, Lihir and Wafi-Golpu.
Competent Person's Statement
The information in this document that relates to Exploration Targets, Exploration Results, and related scientific and technical information, is based on and fairly represents information compiled by Mr F. MacCorquodale. Mr MacCorquodale is the General Manager - Greenfields Exploration and a full-time employee of Newcrest Mining Limited. He is a shareholder in Newcrest Mining Limited and is entitled to participate in Newcrest's executive equity long term incentive plan, details of which are included in Newcrest's 2020 Remuneration Report. He is a Member of the Australian Institute of Geoscientists. Mr MacCorquodale has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code and as a Qualified Person under NI 43-101. Mr MacCorquodale approves the disclosure of scientific and technical information contained in this document and consents to the inclusion of material of the matters based on his information in the form and context in which it appears.
Authorised by the Newcrest Disclosure Committee
For further information please contact
Investor Enquiries
Tom Dixon
+61 3 9522 5570
+61 450 541 389
Tom.Dixon@newcrest.com.au
Ben Lovick
+61 3 9522 5334
+61 407 269 478
Ben.Lovick@newcrest.com.au
North American Investor Enquiries
Ryan Skaleskog
+1 866 396 0242
+61 403 435 222
Ryan.Skaleskog@newcrest.com.au
Media Enquiries
Tom Dixon
+61 3 9522 5570
+61 450 541 389
Tom.Dixon@newcrest.com.au
Annie Lawson
+61 3 9522 5750
+61 409 869 986
Annie.Lawson@newcrest.com.au
This information is available on our website at www.newcrest.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/76805