Newcrest Mining Ltd NCMGF

Primary Symbol: A.NCM

Metals & Mining Gold

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.

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Newcrest Mining Ltd

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Post by GoldTheoryon Nov 22, 2013 9:18am

701 Views

Post# 21930805

How much gold will the TOTAL Bulk sample contain?

I know some1 will ask so lets walk through the numbers... Of course this is not definative and I am just making my best guess.

8000t processed, 2000t to go. 4000Oz/8000t = 500Oz/1000t so its reasonable to say 5000Oz in total. BUT BUT BUT we know 2 additional pieces of info: 1) they are processing from low grade to high grade and 2) the first 2000t only produced 281Oz.

So the 2nd and 3rd 2000t samples contained 3719Oz (in 4000t) or nearly 1Oz/t. The last 2000t should be highest grade of all and will intersect the cleo vein. So we should expect at least 1Oz/t for the last 2000t or 2000Oz more. So the total bulk sample should have in excess of 6000Oz, a 50% increase over the 4000Oz estimate.

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