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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 Nov 08, 2020 6:55pm
239 Views
Post# 31860087

Snowfield compare it with Alaska open pit gold mines

Snowfield compare it with Alaska open pit gold minesManagement and board sit still with tight mouth and hands about our huge Snowfield deposit. Less than 400 thousand USD were spend in Q3 for only ~ 1,000 meter further exploration drill at Snowfield. Sounds like an "alibi drill".  

All this though our "Snowfield" shows these execellent resource figures in the 2011 techn. report:

User image

And further we have at Snowfield clean hyroelectric power around the corner ... !!!

Compare it with another northern open pit mine over there in Alaska. Kinross is working in Alaska with success at much lower grades at their "Fort Knox" open pit mine. Now Kinross is even working there on an expansion called "Gil-Sourdough" of the existing "Fort Knox" open pit mine in Alaska. Further they bought "Peak Gold" for another satellite mine project there.

...According to the most recent calculation published by Kinross, Gil-Sourdough hosts 29.5 million metric tons of indicated resource averaging 0.56 g/t (533,000) oz. of gold...
 


Why constant public downplaying of our super "Snowfield" deposit by PVG management and board? It is a real riddle for me... !

Let us hope that they can show up great pending assay results for done drills within next weeks. This would be the most positive reason for downplaying Snowfield: that they are really on the trail for a second Brucejack kind deposit on our large piece of land.
------------- source of the quote and interesting article about this Alaska open pit mining made by Kinross:
https://www.miningnewsnorth.com/story/2020/10/23/news/golden-decade-coming-to-fort-knox-mine/6500.html?__cf_chl_jschl_tk__=0d7a5aadf57ca1ba5b0735a324ffcc899fa131fc-1604876873-0-AQh5Xli8wRkbycH4fm6Sk8MRRtyaWGTD_Ap15tOrbMUble6CiAeYvtBjR6HPV-1Ojt-Gzod5a1LSnuF9B5zrB7T0JI-fdTl_AxPWVq43OiHC3G7OaVIJTw_XVWYr5UMwxR8uJhFUjWCQiIZ6Jh-utcNydJ0RjSMG99uMzbuk52qvwUHHMy8zC3ohDXlR5V61wFh58LOeiTyz8I5ZAq1s5sov7RAgnMvELPCD42PDgKYbndTiidIt-SHa6hSGWDyCdXKac82qs1N6EVcNfpR7Va-DtCroi9At57f4gj28lwkUvDs_9Ent2l-OaaN38vtzq06-0yWR1wa9aqNVSB7uW42MVXTm5Qp0WLQZ29etF51H
  

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