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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 Kewl002on Jun 09, 2019 11:10am
167 Views
Post# 29809870

Question for PATHS -- re: porphyry-style mineralization

Question for PATHS -- re: porphyry-style mineralizationPaths -- PVG has now completed 4 deep drill holes in search of "porphyry-style mineralization" - all of which have had positive results. I read somewhere that each drill hole to this depth costs +$1M so this is clearly an important datapoint for management. However, as a layman the importance of "porphyry-style mineralization" is not clear to me. Would you be able to explain from your experience (in laymans terms) why this style of mineralization is important, what is it exactly that PVG is likely searching for and why the finding of this style mineralization in these deep drill holes is important to retail shareholders and/or the long-term operation of the mine?? Thank you in advance for your thoughts..........
Bullboard Posts