Newcrest Red Cross mine exploration drill results, out todayNewcrest calls them "excellent". What a joke, if you compare it with Pretium's near mine exploration drill results.
Exploration Update 9 December 2021
Red Chris and Havieron continue to deliver excellent drilling results
At Red Chris, drilling continues to expand the footprint and continuity of the higher grade mineralisation of East Ridge.
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RC745 returned 366m @ 0.45g/t Au & 0.57% Cu from 728m, including 36m @ 1.4g/t Au & 1.2% Cu from 960m. This hole is located 100m above RC735 and extended the higher grade mineralisation a further 100m to the east.
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RC739 returned 390m @ 0.63g/t Au & 0.48% Cu from 1,088m, including 44m @ 2.0g/t Au & 1.3% Cu from 1,402m. This hole is located 100m east of RC727 (previously reported).
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In addition these Newcrest low grades indicate, it is "dirty gold". Production will release a lot of climate change gas until it comes out of the smelter. Will be therefore taxed in later years quite high.
Pretium's gold is clean "green Gold". It uses mostly clean hydro- electric power for the production.
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This picture shows the most successful exploration drills for all companies. If you add all results of each company, "Pretium" is there the No 2.
If you would add as criteria an economic factor, "how near is a producing mill facility with all the infrastructure": Pretium would be the clear No. 1 !!! PVG delivered so far in the sum 46,922 (gramms gold per tonne) times (Intervall Thickness in Meter) in 11 drill results.
Newcrest delivered just only 410 (gramms gold per tonne) times (Intervall Thickness in Meter) in 2 drill results.
Average Pretium per exploration drill result = 4,266 (gramms gold per tonne) times (Intervall Thickness in Meter) Average Newcrest Red Chris per drill result = 410 (gramms gold per tonne) times (Intervall Thickness in Meter).
"Excellent" results at Red Chris (lol !) , as Newcrest tries to call it. 10 times lesser than Pretium average result ! Nice joke from Newcrest ...