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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

Bullboard Posts
Post by panamjron Jun 06, 2012 6:28am
456 Views
Post# 19984200

and the great numbers just keep coming in

and the great numbers just keep coming in

 

Pretium Resources Inc.: Continued High-Grade Results From Valley of the Kings Drilling

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 6, 2012) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report results from drilling at its high-grade gold Brucejack Project in northern British Columbia which continue to confirm the projection and continuity of high-grade mineralization in the Valley of the Kings, and include a significant number of assays grading over 1,000 grams per tonne gold. (See Table 1 below for assays).

Selected highlights from the Valley of the Kings include:

  • Hole SU-345 intersected:
    • 2,470 grams of gold per tonne uncut over 0.7 meters (72 ounces gold per ton over 2.3 feet); and
    • 1,470 grams of gold per tonne uncut over 0.5 meters (43 ounces gold per ton over 1.6 feet);
  • Hole SU-338 intersected 2,350 grams of gold per tonne uncut over 0.64 meters (68 ounces gold per ton over 2.0 feet);
  • Hole SU-341 intersected 1,840 grams of gold per tonne uncut over 0.5 meters (54 ounces gold per ton over 1.6 feet);
  • Hole SU-334 intersected 1,160 grams of gold per tonne uncut over 0.5 meters (34 ounces gold per ton over 1.6 feet).

All holes reported were drilled in the western half of the Valley of the Kings, and include 32 intervals grading over 30 grams per tonne gold. A number of reported intervals are outside of currently defined mineral resources.

A total of 26,230 meters of drilling in 60 holes has been completed in this first phase of the 2012 Brucejack Exploration Program, which has now concluded. An updated high-grade Mineral Resource estimate for Brucejack is expected in the third quarter and will be used as the basis for the mine plan for the feasibility study currently underway.

Phase two of the 2012 Brucejack Exploration Program is now underway and focused on high-grade definition drilling of the shallow high-grade resources at the Valley of the Kings and testing extensions of the Valley of the Kings and other high-grade zones.


Table 1: Selected Brucejack Project Drill Results, June 2012 (SU-326 to SU-348)(1,3)
Hole
No.
Collar Coords. Dip/
Azimuth
  From 
(meters)
To 
(meters)
Interval (meters) Gold 
(g/t)
Silver
(g/t)

Capping (2)
VALLEY OF THE KINGS
SU-326 6257975N
426451E
-45/360   187.0 194.5 7.5 2.62 113.32  
SU-327 6257900N
426550E
-55/360   20.74 25.79 5.05 39.71 56.45  
      incl 20.74 21.24 0.5 388.00 255.00  
        334.6 336.5 1.9 129.13 46.77  
        377.33 377.92 0.59 149.00 52.60  
SU-328 6258068N
426327E
-45/180   62.5 65.73 3.23 45.95 32.81  
      incl 65.18 65.73 0.55 229.00 160.00  
        88.69 89.19 0.5 434.00 338.00  
        307.5 321.0 13.5 4.47 4.86  
      incl 319.5 321.0 1.5 19.75 6.60  
SU-329 6257878N
426646E
-68/360   173.2 174.0 0.8 42.90 44.90  
SU-330 6258089N
426613E
-59/180   16.5 18.0 1.5 14.30 142.00  
SU-331 6258162N
426377E
-45/180   7.0 8.5 1.5 17.20 28.60  
        26.81 28.0 1.19 18.10 50.10  
        142.5 144.0 1.5 16.85 35.30  
        464.5 466.0 1.5 25.20 33.90  
SU-332 6258001N
426426E
-45/180   126.78 131.0 4.22 3.47 25.33  
SU-333 6257755N
426329E
-50/360   98.35 98.93 0.58 30.40 19.20  
        207.5 208.18 0.68 17.50 38.50  
        316.6 317.1 0.5 134.50 72.30  
        453.5 464.0 10.5 24.80 21.17  
      incl 453.5 455.0 1.5 157.00 124.00  
SU-334 6257900N
426550E
-64/360   262.61 263.11 0.5 202.00 218.00  
        305.78 306.28 0.5 41.10 38.60  
        381.68 382.18 0.5 1,160 453.00 Uncut
        508.0 524.3 16.3 2.71 19.77  
        543.41 543.91 0.5 432.00 289.00  
SU-335 6258102N
426297E
-50/180   171.65 172.5 0.85 104.50 75.60  
        221.98 226.5 4.52 45.43 33.83  
      incl 225.5 226.5 1.0 130.50 71.20  
SU-337 6258085N
426350E
-45/180   332.45 333.39 0.94 45.40 41.10  
SU-338 6258214N
426451E
-50/180   141.0 147.0 6.0 5.82 51.35  
        336.38 337.02 0.64 2,350 876.00 Uncut
SU-339 6257935N
426480E
-73/30   254 255.5 1.5 22.20 22.10  
        278.39 278.89 0.5 19.35 6.10  
SU-340 6258102N
426297E
-60/180   232.36 232.86 0.5 81.10 50.10  
        258.16 259.19 1.03 150.27 68.97  
        293.82 294.82 1.0 233.50 105.50  
        311.5 316.0 4.5 4.58 9.17  
SU-341 6258121N
426453E
-50/180   173.52 176.15 2.63 183.33 174.78 1 Gold sample cut
        173.52 176.15 2.63 438.08 174.78 Uncut
      incl 173.52 174.02 0.5 462.00 175.00  
      incl 175.65 176.15 0.5 1,840 730.00 Uncut
SU-342 6257755N
426329E
-61/360   78.93 79.43 0.5 15.20 11.80  
        158.3 158.8 0.5 98.50 34.30  
        323.5 325.0 1.5 24.20 16.50  
        340.0 341.5 1.5 86.00 44.40  
SU-343 6258293N
426456E
-50/180   171.0 177.0 6.0 2.48 55.90  
SU-344 6258099N
426298E
-45/360   76.37 76.87 0.5 16.45 26.30  
        92.24 92.74 0.5 51.20 20.00  
SU-345 6258085N
426350E
-53/180   125 134.94 9.94 5.86 42.77  
        162.19 173 10.81 39.63 19.44 1 Gold sample cut
        162.19 173 10.81 167.20 19.44 Uncut
      incl 162.19 162.89 0.7 2,470 84.10 Uncut
        232.5 245.5 13.0 26.50 42.43 1 Gold sample cut
        232.5 245.5 13.0 63.81 42.43 Uncut
      incl 232.5 233.55 1.05 59.80 142.00  
      incl 233.55 234.05 0.5 1,470 621.00 Uncut
        393.5 397.5 4.0 9.36 6.83  
      incl 395.49 395.99 0.5 46.80 26.10  
SU-346 6257880N
426351E
-55/360   257.43 259 1.57 22.00 42.90  
        399.18 399.83 0.65 75.40 98.10  
SU-348 6258277N
426524E
-45/180   331.9 332.4 0.5 64.60 49.40

 

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