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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

Post by sailor8on May 04, 2022 11:55am
286 Views
Post# 34655245

The drill results - kept undisclosed by old PVG management

The drill results - kept undisclosed by old PVG management
At Brucejack, drilling confirms the potential for resource growth at the Valley of the Kings deposit, with further high grade returned from North Block and 1080 Level East, which are both located outside the current resource.

At North Block, VU-3489 returned 28.5m @ 262g/t Au from 70.5m, including 1.0m @ 7,400g/t Au from 87m.

At 1080 Level East, VU-3570 returned 17m @ 41g/t Au from 189m, including 1m @ 662g/t Au from 205m, and 16.5m @ 35g/t Au from 252m, including 1m @ 205g/t Au from 252m and including 1m @ 316g/t Au from 266m, and 34.5m @ 16g/t Au from 286.5m, including 1m @ 359g/t Au from 301m. Drilling has also expanded the footprint of the high grade mineralisation at Golden Marmot, located 3.5 kilometres north of the Brucejack Mine.

At Golden Marmot, SU-786 returned 20.0m @ 187g/t Au from 268m, including 0.5m @ 6,700g/t Au from 270.5m and including 0.5m @ 770g/t Au from 285m. In addition, SU-843 returned 38.5m @ 27g/t Au from 106.5m, including 0.5m @ 1,925g/t Au from 138.3m, and 21m @ 6.9g/t Au from 187.5m, including 0.5m @ 250g/t Au from 188.4m.

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The 28.5m @ 262g/t  you may translate into 285 m !!! @ 18,7 g/t Au !!! 

The old PVG management acted unfaithfully to PVG shareholders! They kept drill results secret or manipulated the assay process of the visible gold drill cores in a way, to keep these very important results secret on the timeline. It is for me even a case of criminal financial betrayment by continued and knowing disclosure breaches from old PVG management.

Too sad, that too many PVG shareholders were simply to lazy to vote against that financial crime.

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source of the quote: https://www.newcrest.com/sites/default/files/2022-04/220428_Newcrest%20Mar%202022%20Quarterly%20Report%20-%20Exploration_2.pdf
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