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Newcrest Mining Ltd NCMGF


Primary Symbol: A.NCM

Newcrest Mining Limited is an Australia-based mining company. The Company's principal activities are exploration, mine development, mine operations and the sale of gold and gold/copper concentrate. The Company owns and operates a portfolio of brownfields and greenfields exploration projects. The Company’s assets include Brucejack, Cadia, Havieron, Lihir, Red Chris, Telfer and Wafi-Golpu. The Brucejack asset is located approximately 950 kilometers (km) from Vancouver, Canada. The Cadia asset is located approximately 25 km from Orange, New South Wales (NSW). The Havieron asset is located approximately 45 km east of Telfer. The Lihir asset is located on the Niolam Island, approximately 900 km from Port Moresby, Papua New Guinea (PNG). The Red Chris asset is located approximately 1,700 km from Vancouver, Canada. The Telfer asset is located approximately 400 km from Port Hedland, WA. The Wafi-Golpu asset is located approximately 65 km from the city of Lae, PNG.


ASX:NCM - Post by User

Comment by sailor8on Aug 23, 2021 10:17pm
228 Views
Post# 33753232

RE:RE:RE:Cash In-Hand ….

RE:RE:RE:Cash In-Hand ….Looking also to the East of Brucejack, there is this "Flow Dome" zone. Here some words about that zone from Dr. Robert Quartermain several years ago...

L: Dividend potential. Excellent. Happy to hear that. But, Bob, you’re an explorer. You haven’t stopped looking for more zones like Brucejack’s Valley of the Kings discovery, right?
 
Bob: That is correct. In 2015, we drilled an area to the east called Flow Dome. It’s a recognizable, high-topographical area on the project. We had always kind of wondered what may exist below there. The current Valley of the Kings resource trends in an east-to-west direction, towards Flow Dome. So we stepped out about a kilometer and put a couple of holes in – Holes 657 and 666, if people want to look them up on our website. Both of those holes hit high-grade mineralization. Important for me was hole 666. We drilled that to 1.2 kilometers in depth where we hit half a meter of 8.6 kilograms of gold per tonne. That’s something like 240 ounces of gold per ton.
 
L: That’s $300,000 rock.
 
Bob:  Yes. At the beginning of this interview, we talked about those first half a dozen high-grade holes. Now, we’re building a mine there and we’ve stepped out and drilled another half a dozen holes. Every one of them has hit high-grade gold, including multi-kilo intervals. This tells me that we could substantially increase the 9 million ounces we’ve outlined now if there’s a similar zone at Flow Dome. That could result in a very long-life mine. It means taking that cash we talked about generating and using it to grow organically...


If it is West or East or North or into Depths, it seems that everywhere around Brucejack are Bonanza grades...

------

source of the quote a really interesting old Interview with Bob Quartermain about the history & potentials of the Brucejack discovery and mine at that time:

https://www.caseyresearch.com/daily-dispatch/interview-with-bob-quartermain-advancing-one-of-the-richest-gold-deposits-i/

Wow: "Flow Dome" what a nice name creation for a kind of gold mineralisation which we have it...
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