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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
Comment by edxon Oct 24, 2013 4:04pm
426 Views
Post# 21846746

RE:RE:RE:RE:RE:RE:NR - Bulk Sample Drill Program Concludes With Additional Hig

RE:RE:RE:RE:RE:RE:NR - Bulk Sample Drill Program Concludes With Additional Hig
bepractical wrote: The interval between 30 and 56m does include the 0.5m of 17800g/t. In fact about 98% of the gold is in the 0.5 m section. I think that Bob Q. is trying to show everyone that  0.5m of extreme high gold content can be equated to having pulled 334g/t over 26m which is very very impressive in itself. This is called smearing but it can put into perspective what a greater than 1000g/t interval relates to. You can remove a lot of low grade ore containing an extreme high  grade secton and still carry a good grade out of the whole area. In Pretium's case, the probable reserve of 15m tonnes at 13.6 g/t is a good example.
I thought the NR of today was well timed and congratulate Bob Q.
 


This is absolutely true. None of us are in a position to really understand how viable some of these narrow bonanza grade intercepts will ultimately be. But that appears to be the crux of the Strathcona and Snowden disagreement and the Snowden methodology seems like it is guaranteed to over-estimate the mineable resource (by assuming every ounce is mineable for an underground mine, as is being done for the bulk sample) whereas the Strathcona methodology does not have that inherent bias built into its methodology.

It's becoming increasingly clear what has happened with the consultants and how we got to where we are today.


Bullboard Posts