RE:Nice readThanks once again Krammer... These types of reports will just keep coming in... With a strong Gold price we will start to get a little love for our shares. The last paragrapgh I really like... This confirms my belief... Newcrest will undoubtedly ramp up exploration on the vast property held by Pretium around the mine. Newcrest’s CEO Sandeep Biswas said, “The really exciting thing is the expansion potential. We believe there's a lot more gold there.” As one indication of that potential, Pretium announced, on October 25, results from a new discovery 3.5 km north of the mine: Hole SU-786 intersected 72.5 grams per tonne gold over 53.5 metres. That is an exceptional intercept in any setting. Coming a few kms from a mine already exploiting a high-grade deposit, it has enormous significance.
The most important aspect of the Newcrest deal is that it signifies that the majors, after decades of watching from a distance (or at most dabbling in the region) are now ready to commit the big bucks to acquire and develop the numerous discoveries in the Golden Triangle.
The juniors that now control much of the Triangle will see their share prices rise as the activity heats up.
Now can you imagine when KK starts drilling up our High grade what happens if he lands on results like the above!!
Hole SU-786 intersected 72.5 grams per tonne gold over 53.5 metres.