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Newcrest Mining Ltd.

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Summary

Project:

Red Chris

Deposit:Red Chris
Location:Canada
Commodities:Copper-Gold
Date:6/10/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:10-6-2020: Newcrest Mining Ltd. announces an Exploration/Drilling Update report for its Red Chris deposit at the Red Chris project. Drilling results incl. 232m @ 2.6g/t Au, 1.5% Cu from 598m. At the Havieron Project, step out drilling has expanded the foo
Resources:(not mentioned in this report
CP/QP:[Overall Report] F. MacCorquodale (Internal)
ABSTRACT:At the Havieron Project, step out drilling has expanded the footprint of mineralisation with hole HAD066 drilled 220m north-west of previous drilling intersecting 82.1m @ 2.4 g/t Au and 0.08% Cu. Drilling also continues to demonstrate geological and grade continuity over the upper 600m vertical extent of the high grade crescent sulphide zone and surrounding breccia with infill hole HAD059 returning Newcrest’s best significant intercept at Havieron to date – 109m @ 6.3g/t Au and 0.71% Cu. Current drilling is focussed on the delivery of a maiden inferred resource in the second half of calendar year 2020, as well as defining the lateral and depth extents to the mineralisation. At Red Chris, infill drilling continues to confirm the continuity of the discrete high grade ‘pod’ previously reported with new results including a partial intercept of 232m @ 2.6g/t Au and 1.5% Cu, including 122m @ 4.5g/t Au and 2.3% Cu, in hole RC623. The final results from Red Chris hole RC616 (partial results reported in the Quarterly Exploration Report on 30 April 2020) were received, confirming that the hole intersected a broad zone of high grade mineralisation, 514m @ 0.81g/t Au and 0.57% Cu, including 80m @ 3.4g/t Au and 1.7% Cu. This high grade zone has not been intersected by previous drilling and confirms the potential of finding additional discrete high grade pods of mineralisation within the East Zone. Follow up drilling to define the extent of the RC616 high grade zone is underway

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