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Newcrest Mining Ltd.
Summary
| Project: | Red Chris | |
|---|---|---|
| Deposit: | Red Chris | |
| Location: | Canada | |
| Commodities: | Copper-Gold | |
| Date: | 3/11/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-3-2020: Newcrest Mining Ltd. announces an Exploration/Drilling Update report for its Red Chris deposit at the Red Chris project. Drilling results incl. 276m @ 3.3g/t Au, 1.7% Cu from 684m. Drilling at Red Chris has confirmed the presence of a discrete | |
| Resources: | (not mentioned in this report | |
| CP/QP: | [Overall Report]: F. MacCorquodale (Internal) | |
| ABSTRACT: | Drilling at Red Chris has confirmed the presence of a discrete ‘pod’ of high grade mineralisation (>5g/t Au) within the East Zone, approximately 100m long, 100m wide and 200m high. Infill drilling is planned to fully define the extent of this high grade pod and to search for additional high grade pods within the East Zone. The underground mining Concept Study, currently in progress, will evaluate the option of stoping any high grade pods ahead of other bulk underground mining methods such as block caving or sub level cave mining in order to bring high grade ore into production earlier. Work also continues on evaluating the commencement of a decline late in the 2020 calendar year to further enhance and accelerate exploration efforts, with such a decline also being of use for any underground mining operation. Drilling at Havieron continues to expand and demonstrate the continuity of high grade mineralisation which extends over 450m, to vertical depths of 600m and remains open at depth and to the northwest. Drilling has also identified mineralised breccias proximal to high grade mineralisation. A further 20,000 metres are planned to be drilled to support the objective of delivering of a maiden resource estimate in the second half of calendar year 2020. Studies are underway to investigate the following | |
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