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Newcrest Mining Ltd.

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Summary

Project:

Gorbea

Deposit:Atlas
Location:Chile
Commodities:Gold-Silver
Date:7/25/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:25-7-2019: Newcrest Mining Ltd. announces an Exploration/Drilling Update report for its Atlas deposit at the Gorbea project. JV with Mirasol - drilling results incl. 59m @ 0.39ppm Au, 6.6ppm Ag from 274m. Newcrest continued the search for new discoveries
Resources:x
CP/QP:[Overall Report]: F. MacCorquodale (Internal)
ABSTRACT:Newcrest continued the search for new discoveries during the June 2019 quarter with greenfield exploration activity undertaken in Australia, PNG, Indonesia, USA, Argentina, Ecuador and Chile. Newcrest has built a strong presence in the under explored gold-copper Miocene Belt in northern Chile. Newcrest has 5 active exploration agreements in the region with exploration targets being high sulfidation epithermal gold deposits and porphyry-style gold-copper deposits. During the quarter Newcrest continued to advance the Gorbea high-sulfidation gold project under an option and farmin agreement with Mirasol Resources Ltd. Two diamond drill holes totalling 903m were completed at the Atlas target prior to suspension of the program for the Andean winter period. The Atlas target is centred on a large high sulfidation alteration system that contains several targets. The drilling targeted a coincident geophysical, geochemical and alteration anomaly at depth below barren altered cap rocks. T

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