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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Greatland Gold Plc | LSE:GGP | London | Ordinary Share | GB00B15XDH89 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.05 | 6.00 | 6.20 | 6.20 | 6.05 | 6.10 | 10,972,179 | 16:35:23 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 0 | -21.12M | -0.0041 | -14.88 | 310.51M |
From Apr 2019 to Apr 2024
TIDMGGP
RNS Number : 7318L
Greatland Gold PLC
10 September 2019
10 September 2019
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).
Greatland Gold plc
("Greatland" or "the Company")
Update on Newcrest Drilling Results at Havieron
Summary
-- Further excellent drill results from Newcrest's campaign at Greatland's Havieron project define a series of higher-grade zones within a broad envelope of mineralisation and extend mineralisation to the north by an additional 100 metres with the system remaining open.
-- Each of drill holes HAD012, HAD013 and HAD014 intersected significant widths of mineralisation (in excess of 100m at better than 2g/t gold) and higher-grade zones within those intersections, including an interval of 43m @ 7.9g/t Au, 0.83% Cu from 900m in HAD012.
-- Newcrest will complete Phase 1 drilling in September and commence Phase 2 of the Havieron exploration programme which includes plans to significantly increase the amount of both step out and infill drilling.
Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to announce further excellent results from Newcrest's drilling campaign at Greatland's 100% owned Havieron licence in the Paterson region of Western Australia.
Greatland notes the release of an ASX announcement titled "Exploration Update - Havieron" by Newcrest Mining Ltd ("Newcrest") earlier today which highlights "Further high grade drill results at the Havieron Project".
Four drill rigs are currently operational, and six holes have been completed to date (HAD006 extension, HAD010-014) for a total of 6,166m of drilling. Final assay results have been received for HAD011, HAD012, HAD013 and HAD014 and are announced today.
Highlights of Drill Results:
-- HAD012: Hole HAD012 intersected mineralisation approximately 100 metres north of HAD005, assay results include:
o 139.4m @ 2.9g/t Au, 0.39% Cu from 865.7m, including
-- 43m @ 7.9g/t Au, 0.83% Cu from 900m
o 27m @ 0.99g/t Au, 0.10% Cu from 1,056m, including
-- 10m @ 2.5g/t Au, 0.20% Cu from 1,056m
-- HAD013: Hole HAD013 intersected mineralisation approximately 50 metres north of HAD005 and extended the known mineralisation to the west, assays results include:
o 100.9m @ 2.0g/t Au, 0.48% Cu from 479m, including
-- 36m @ 4.1g/t Au, 0.84% Cu from 481m
o 162.3m @ 0.89g/t Au, 0.17% Cu from 712m, including
-- 10.2m @ 2.5g/t Au, 0.69% Cu from 725.7m, and
-- 15.3m @ 2.2g/t Au, 0.17% Cu from 855m
o 146.1m @ 0.93g/t Au, 0.10% Cu from 917.9m
-- HAD014: Hole HAD014 intersected mineralisation to the west of and below hole HAD005, assays results include:
o 244.6m @ 2.0g/t Au, 0.40% Cu from 450m, including
-- 29.3m @ 4.0g/t Au, 0.86% Cu from 465m, and
-- 22.4m @ 4.3g/t Au and 0.82% Cu from 557m
o 75.3m @ 3.4g/t Au, 0.43% Cu from 816.6m, including
-- 13.2m @ 16g/t Au and 0.93% Cu from 859.3m
-- HAD011: There were no significant intersections from 903.8m to end of hole. All significant intersections in the upper zone to 903.8m were previously reported in the announcement released by the Company on 25 July 2019.
-- A further five holes are at various stages of progress (HAD015-019) and assay results are awaited.
Next steps for Havieron:
-- Phase 2 drilling programme initiated, which includes plans for a significant increase in the amount of both step out and infill drilling.
-- A fifth drill rig is expected to commence operation in September 2019.
-- The Havieron camp is currently being upgraded to provide additional facilities and Telfer continues to provide support to the project.
-- Newcrest's minimum expenditure commitment (USD $5 million) expected to be met this month.
Gervaise Heddle, Chief Executive Officer of Greatland Gold plc, commented: "We are delighted by these excellent results and by Newcrest's ongoing commitment to the exploration programme at Havieron. These results have defined a series of higher-grade zones within a broad envelope of mineralisation and provide further support to our view that Havieron has the potential to become a truly significant, underground mining operation in one of the most mining-friendly jurisdictions in the world.
"From a technical perspective, there are a number of positives contained within these results that I would highlight. First, each of drill holes HAD012, HAD013 and HAD014 intersected significant widths of mineralisation (in excess of 100m at better than 2g/t gold) and higher-grade zones within those intersections, including an interval of 43m @ 7.9g/t Au, 0.83% Cu from 900m in HAD012. Second, each of the three drill holes above extended the known mineralised envelope of the system, primarily to the north and the west. Third, these results establish a new peak gold grade for the system of 324.9g/t gold (in excess of 10 ounces of gold per tonne).
"We are very pleased that Newcrest has successfully advanced Phase 1 and is now initiating Phase 2 of their Havieron exploration programme which includes plans for a significant increase in the amount of drilling. We look forward to providing further updates on Newcrest's drilling campaign at Havieron and Greatland's ongoing exploration activities across the Paterson."
Background to Havieron and Farm-in Agreement with Newcrest
In March 2019, Greatland signed a Farm-in Agreement with Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM), to explore and develop Greatland's Havieron gold-copper project in the Paterson region of Western Australia. Newcrest has the right to acquire up to a 70% interest in a 12-block area within E45/4701 that covers the Havieron target by spending up to US$65m.
Greatland's Paterson project covers more than 385 square kilometres in the Paterson region of Western Australia and includes the Havieron licence, the Paterson Range East licence, and the Black Hills licence.
Limited historical drilling was conducted by Newcrest Mining Limited at Havieron during the 1990s and early 2000s where six holes were drilled, all of which intersected significant alteration and gold plus copper anomalism. Thick lower grade zones of gold and copper were intersected by Newcrest and gold grades within these peaked at 15.4g/t and copper to 2.5%.
Greatland's drilling campaigns at Havieron during 2018 yielded excellent results, including:
-- HAD001: 121m @ 2.9g/t Au and 0.23% Cu from 497m. -- HAD003: 21m @ 3.8g/t Au and 0.44% Cu from 418m. -- HAD005: 103m @ 3.5g/t Au and 0.93% Cu from 459m and;
128m@ 7.4g/t Au and 0.54% Cu from 660m.
-- HAD006: 54m @ 2.7g/t Au and 0.79% Cu from 471m and;
179.1m @ 1.4g/t Au and 0.47% Cu from 547.9m.
-- HAD008: 67m @ 2.0g/t Au and 0.91% Cu from 426m.
A regional map showing the Havieron licence area with regional targets and adjacent landholdings can be found at: www.greatlandgold.com/paterson/
Newcrest Drilling and Operations at Havieron
The Havieron Project is operated by Newcrest under a farm-in agreement with Greatland. It is centred on a magnetic anomaly located 45km east of Telfer. The target is overlain by approximately 400m of post mineralised cover. Newcrest commenced drilling during the June 2019 quarter. Four rigs are operational at site, with a fifth drill rig expected to commence operation in September.
Six drill holes have been completed to date by Newcrest (HAD006, HAD010-014) for a total of 6,166m of drilling. Results from drill holes HAD006 (extension), HAD010 and HAD011 (to 903.8m) were reported in the announcement released by the Company on 25 July 2019. Results for drill holes HAD0011 (from 903.8m to eoh), HAD012, HAD013 and HAD014 are reported here. Holes HAD015 through HAD019 are currently at various stages of progress.
Hole HAD011 (upper zone to 903.8m previously reported 25 July 2019) intersected mineralisation under HAD005 to 903.8m. From 903.8m to 1275.6m (eoh) there were no significant intercepts.
Hole HAD012 intersected mineralisation approximately 100 metres north of HAD005. Assay results returned include:
-- HAD012: 139.4m @ 2.9g/t Au, 0.39% Cu from 865.7m
incl 43m @ 7.9g/t Au, 0.83% Cu from 900m
27m @ 0.99g/t Au, 0.10% Cu from 1056m
incl 10m @ 2.5g/t Au, 0.20% Cu from 1056m
Hole HAD013 intersected mineralisation approximately 50 metres north of HAD005 and extended the known mineralisation to the west. Assay results returned include:
-- HAD013: 100.9m @ 2.0g/t Au, 0.48% Cu from 479m
incl 36m @ 4.1g/t Au, 0.84% Cu from 481m
162.3m @ 0.89g/t Au, 0.17% Cu from 712m
incl 10.2m @ 2.5g/t Au, 0.69% Cu from 725.7m
and 15.3m @ 2.2g/t Au, 0.17% Cu from 855m
146.1m @ 0.93g/t Au, 0.10% Cu from 917.9m
Hole HAD014 intersected mineralisation to the west of and below hole HAD005. Assay results returned include:
-- HAD014: 244.6m @ 2.0g/t Au, 0.40% Cu from 450m
incl 29.3m @ 4.0g/t Au, 0.86% Cu from 465m
and 22.4m @ 4.3g/t Au and 0.82% Cu from 557m
75.3m @ 3.4g/t Au, 0.43% Cu from 816.6m
incl 13.2m @ 16g/t Au and 0.93% Cu from 859.3m
Results from drill holes HAD012 through HAD014 are considered outstanding. Higher-grade mineralised zones have been defined with new peak gold of 324.9g/t. Results have defined a series of higher-grade zones within a broad envelope of mineralisation and have extended mineralisation a further 100 metres to the north with the system remaining open.
Additional drill hole information is presented in Appendix I and tabulated drill hole intercepts are presented in Appendix II. In addition to this release, a PDF version of this report with supplementary information can be found at the Company's website at www.greatlandgold.com/media/jorc
Newcrest will complete Phase 1 drilling in September and commence Phase 2. Phase 2 includes plans for a significant increase in the amount of both step out and infill drilling. The newly operational Havieron camp is currently being upgraded to provide additional facilities. Telfer continues to provide support to the project.
Newcrest's minimum expenditure commitment (USD $5 million) is expected to be met during the current calendar month.
Competent Person:
Information in this announcement that relates to Havieron exploration results has been extracted from the following announcements:
"Exploration Update - Havieron", dated 10 September 2019
"Newcrest Quarterly Exploration Report - June 2019", dated 25 July 2019
Information in this announcement, which has been taken from Newcrest Mining Limited's announcement "Exploration Update - Havieron" dated 10 September 2019, has been reviewed and approved by Mr Mick Sawyer, a member of the Australian Institute of Geoscientists and a Registered Professional Geoscientist (R.P.Geo #10194), who has more than 15 years relevant industry experience. Mr Sawyer consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears. The company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcement. The company confirms that the form and context in which the information has been presented has not been materially modified. Mr Mick Sawyer, full time employee of Greatland Pty Ltd and Exploration Manager, has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person in accordance with the guidance note for Mining, Oil & Gas Companies issued by the London Stock Exchange in respect of AIM Companies, which outlines standards of disclosure for mineral projects.
Enquiries:
Greatland Gold PLC
Gervaise Heddle/Callum Baxter
Tel: +44 (0)20 3709 4900
Email: info@greatlandgold.com
www.greatlandgold.com
SPARK Advisory Partners Limited (Nominated Adviser)
Andrew Emmott/James Keeshan
Tel: +44 (0)20 3368 3550
SI Capital Limited (Joint Broker)
Nick Emerson/Alan Gunn
Tel: +44 (0)14 8341 3500
Numis Securities Limited (Joint Broker)
Matthew Hasson/John Prior/Alamgir Ahmed
Tel: +44 (0)20 7260 1000
Luther Pendragon (Media and Investor Relations)
Harry Chathli/Alexis Gore/Joe Quinlan
Tel: +44 (0)20 7618 9100
Notes for Editors:
Greatland Gold plc is a London-listed (LON:GGP) natural resource exploration and development company with a current focus on gold, copper and nickel exploration projects.
The Company has six main projects; four situated in Western Australia and two in Tasmania. All projects are 100% owned by Greatland.
In March 2019, Greatland signed a Farm-in Agreement with Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM), to explore and develop Greatland's Havieron gold-copper project in the Paterson region of Western Australia. Newcrest has the right to acquire up to a 70% interest in a 12-block area within E45/4701 that covers the Havieron target by spending up to US$65m.
Greatland is seeking to identify large mineral deposits in areas that have not been subject to extensive exploration previously. It is widely recognised that the next generation of large deposits will come from such under-explored areas and Greatland is applying advanced exploration techniques to investigate a number of carefully selected targets within its focused licence portfolio.
The Company is also actively investigating a range of new opportunities in precious and strategic metals and will update the market on new opportunities as and when appropriate.
APPIX I
Havieron Project (Greatland Gold plc farm-in agreement): JORC Table 1
Section 1 Sampling Techniques and Data
Hot Features
Premium
Criteria Commentary
Sampling techniques Diamond core samples are obtained from diamond drilling
in Proterozoic basement lithologies. PQ-HQ and NQ diameter
diamond core was drilled on a 6m run. Diamond core
was cut using an automated core-cutter and half core
sampled at 1 m intervals with breaks for major geological
changes. Sampling intervals range from 0.2 - 1.0 m.
Cover sequences were not sampled.
-------------------- --------------------------------------------------------------------
Drilling techniques Permian Paterson Formation cover sequence was drilled
using mud rotary drilling. Depths of cover typically
observed to approximately 420 m vertically below surface.
Steel casing was emplaced to secure the pre-collar.
Diamond drilling was advanced from the base of the
cover sequence with PQ3, HQ3 and NQ2 diameter coring
configuration.
Diamond core from inclined drill holes are oriented
on 6 m runs using an electronic core orientation tool
(Reflex ACTIII). At the end of each run, the bottom
of hole position is marked by the driller, which is
later transferred to the whole drill core run length
with a bottom of hole reference line.
-------------------- --------------------------------------------------------------------
Drill sample Diamond core recovery is systematically recorded from
recovery the commencement of diamond coring to end of hole,
by reconciling against driller's depth blocks in each
core tray with data recorded in the database. Drillers
depth blocks provided the depth, interval of core recovered,
and interval of core drilled.
Diamond core recoveries were typically 100%, with isolated
zones of lower recovery.
Cover sequence drilling by the mud-rotary drilling
did not yield recoverable samples.
-------------------- --------------------------------------------------------------------
Logging Geological logging recorded qualitative descriptions
of lithology, alteration, mineralisation, veining,
and structure (for all diamond core drilled), including
orientation of key geological features.
Geotechnical measurements were recorded including Rock
Quality Designation (RQD) fracture frequency, solid
core recovery and qualitative rock strength measurements.
Magnetic susceptibility measurements were recorded
every metre. The bulk density of selected drill core
intervals was determined at site on whole core samples.
All geological and geotechnical logging was conducted
at Havieron site.
Digital data logging was captured on diamond drill
core intervals only, and all data validated and stored
in an AcQuire database.
All drill cores were photographed, prior to cutting
and/or sampling the core.
-------------------- --------------------------------------------------------------------
Sub-sampling Sampling, sample preparation and quality control protocols
techniques are considered appropriate for the material being sampled.
and sample Diamond core was cut and sampled at the Telfer core
preparation processing facility. Half core samples were collected
in pre-numbered calico bags and grouped in plastic
bags for dispatch to the laboratory. Sample weights
typically varied from 0.5 to 4 kg. Sample sizes are
considered appropriate for the style of mineralisation.
Drill core samples were freighted by air and road to
the laboratory.
Sample preparation was conducted at Intertek Laboratory,
Perth. Samples were dried at 105(o) C, and crushed
to 95% passing 4.75 mm, and the split to obtain up
to 3 kg sub-sample, which was pulverised (using LM5)
to produce a pulped product with the minimum standard
of 95% passing 106 <MU>m.
Duplicate samples were collected from crush and pulp
samples at a rate of 1:20. Duplicate results show an
acceptable level of variability for the material sampled
and style of mineralisation.
Periodic size checks (1:20) for crush and pulp samples
and sample weights are provided by the laboratory and
recorded in the Acquire database.
-------------------- --------------------------------------------------------------------
Quality of Assaying of diamond drill core samples was conducted
assay data at Intertek, Perth. All samples were assayed for 48
and laboratory elements using a 4-acid digestion followed by ICP-AES/ICP-MS
tests determination (method 4A/MS907). Gold analyses were
determined by 50 g fire assay with AAS finish (method
FA50N/AA).
Sampling and assaying quality control procedures consisted
of inclusion of certified reference material (CRMs),
coarse residue and pulp duplicates with each batch
(at least 1:20).
Assays of quality control samples were compared with
reference samples in AcQuire database and verified
as acceptable prior to use of data from analysed batches.
Laboratory quality control data, including laboratory
standards, blanks, duplicates, repeats and grind size
results are captured in Acquire database and assessed
for accuracy and precision for recent data.
Due to the limited extent of the drilling program to
date, extended quality control programs are yet to
be undertaken, whereby pulped samples will be submitted
to an umpire laboratory and combined with more extensive
re-submission programs.
Analysis of the available QC sample assay results indicates
that an acceptable level of accuracy and precision
has been achieved and the database contains no analytical
data that has been numerically manipulated.
The assaying techniques and quality control protocols
used are considered appropriate for the data to be
used for reporting exploration drilling results.
-------------------- --------------------------------------------------------------------
Verification Sampling intervals defined by the Geologist are electronically
of sampling assigned sample identification numbers prior to core
and assaying cutting. Corresponding sample numbers matching pre-labelled
calico bags are assigned to each interval.
All sampling and assay information were stored in a
secure Acquire database with restricted access.
Electronically generated sample submission forms providing
the sample identification number accompany each submission
to the laboratory. Assay results from the laboratory
with corresponding sample identification are loaded
directly into the Acquire database.
Assessment of reported significant assay intervals
was verified by re-logging of diamond drill core intervals
and assessment of high-resolution core photography.
The verification of significant intersections has been
completed by company personnel and the Competent Person.
No adjustments are made to assay data, and no twinned
holes have been completed.
-------------------- --------------------------------------------------------------------
Location of Drill collar locations were surveyed using a differential
data points GPS with GNSS with a stated accuracy of +/- 0.5m (HAD012)
and Handheld GPS with +/-3 m accuracy (HAD013 & HAD014).
Drill rig alignment was attained using an electronic
azimuth aligner. Downhole survey was collected at 6-12
m intervals in the cover sequence, and every 6 m in
diamond drill core segments of the drill hole. At the
end of hole, all holes have been surveyed using a continuous
gyro survey to surface (Axis Mining Champ Gyro).
Topographic control is established from SRTM (1 second)
topographic data and derived digital elevation model.
The topography is generally low relief to flat, with
an average elevation of 265 m, within dune corridors.
All collar coordinates are provided in the Geocentric
Datum of Australian (GDA94 Zone 51S).
-------------------- --------------------------------------------------------------------
Data spacing The drill hole spacing ranges from 50 - 500 m in lateral
and distribution extent within an area of 1.5 square kilometres.
The current drill hole spacing does not provide sufficient
information for the estimation of a Mineral Resource.
Significant assay intercepts remain open. Further drilling
is required to determine the extent of currently defined
mineralisation.
No sample compositing is applied to samples.
-------------------- --------------------------------------------------------------------
Orientation Drilling of reported holes HAD012, HAD013 and HAD014
of data in are oriented perpendicular to a central dolerite dyke.
relation to The dolerite dyke has a north-south orientation, with
geological drilling established on an east-west orientation.
structure Drill holes exploring the extents of the Havieron Mineral
System intersect moderately dipping carbonate and siliclastic
sedimentary facies, mineralised breccia and sub-vertical
intrusive lithologies. Steeply dipping mineralised
zones with a north-south orientation have been interpreted
from historic and Newcrest drill holes.
There is presently insufficient information to confirm
the geological model or true thickness of mineralised
intervals.
-------------------- --------------------------------------------------------------------
Sample security The security of samples is controlled by tracking samples
from drill rig to database.
Drill core was delivered from the drill rig to the
Havieron core yard every shift. On completion of geological
and geotechnical logging, core was transported by vehicle
to Telfer core processing facility by Newcrest personnel.
High resolution core photography and cutting of drill
core was undertaken at the Telfer core processing facility.
Samples were freighted in sealed bags by air and road
to the Laboratory, and in the custody of Newcrest representatives.
Sample numbers are generated directly from the database.
All samples are collected in pre-numbered calico bags.
Verification of sample numbers and identification is
conducted by the laboratory on receipt of samples,
and sample receipt advise issued to Newcrest.
Details of all sample movement are recorded in a database
table. Dates, Hole ID sample ranges, and the analytical
suite requested are recorded with the dispatch of samples
to analytical services. Any discrepancies logged at
the receipt of samples into the analytical services
are validated.
-------------------- --------------------------------------------------------------------
Audits or Due to the limited duration of the program, no external
reviews audits or reviews have been undertaken.
Internal verification and audit of Newcrest exploration
procedures and databases are periodically undertaken.
-------------------- --------------------------------------------------------------------
Section 2 Reporting of Exploration Results
Criteria Commentary
Mineral tenement The Havieron Project is entirely contained within 12
and land tenure sub-blocks of E45/4701, which is 100% owned by Greatland
status Pty Ltd. Newcrest has entered into an Exploration Farm-In
agreement with Greatland Pty Ltd and Greatland Gold
Plc effective 12 March, 2019, with Newcrest as Manager
of the Havieron Project.
There is a current ILUA (Indigenous Land Use Agreement)
signed in December 2015 which extends to the Havieron
Project.
All obligations with respect to legislative requirements
including minimum expenditure are maintained in good
standing. The exploration licence E45/4701 was first
granted 17(th) July 2017 for 5 years, expiring 16(th)
July 2022.
------------------------ ---------------------------------------------------------------------------------------
Exploration Newcrest Mining Limited completed six diamond core
done by other holes in the vicinity of the Havieron Project from
parties 1991 to 2003. Greatland Gold completed drill targeting
and drilling of 9 Reverse Circulation (RC) drill holes
with diamond tails for a total of approximately 6,800
m in 2018. Results of drilling programs conducted by
Greatland Gold have previously been reported on the
Greatland Gold web site.
Drilling has defined an intrusion-related mineral system
with evidence of breccia- and massive sulphide-hosted
higher-grade gold-copper mineralisation.
------------------------ ---------------------------------------------------------------------------------------
Geology The Havieron Project is located within the north-western
exposure of the Palaeo-proterozoic to Neoproterozoic
Paterson Orogen (formerly Paterson Province), 45 km
east of Telfer. The Yeneena Supergroup hosts the Havieron
prospect and consists of a 9 km thick sequence of marine
sedimentary rocks, and is entirely overlain by approximately
420 m of Phanerozoic sediments of the Paterson Formation
and Quaternary aeolian sediments.
Gold and copper mineralisation at Havieron consist
of breccia, vein and massive sulphide replacement gold
and copper mineralisation typical of intrusion-related
and skarn styles of mineralisation. Mineralisation
at the prospect is hosted by metasedimentary rocks
(meta-sandstones, meta-siltstones and meta-carbonate)
and intrusive rocks of an undetermined age. The main
mineral assemblage contains well developed pyrrhotite-chalcopyrite
and pyrite sulphide mineral assemblages as breccia
and vein infill, and massive sulphide lenses. The main
mineralisation event is associated with amphibole-carbonate-biotite-sericite-chlorite
wall rock alteration.
------------------------ ---------------------------------------------------------------------------------------
Drill hole As provided.
Information
------------------------ ---------------------------------------------------------------------------------------
Data aggregation Significant assay intercepts are reported as (A) length-weighted
methods averages exceeding 1.0 g/t Au greater than or equal
to 10 m, with less than 5 m of consecutive internal
dilution; and (B) length-weighted averages exceeding
0.2 g/t Au for greater than or equal to 20 m, with
less than 10 m of consecutive internal dilution. No
top cuts are applied to intercept calculations.
------------------------ ---------------------------------------------------------------------------------------
Relationship Significant assay intervals reported represent apparent
between mineralisation widths. Insufficient geological information is available
widths and to confirm the geological model and true width of significant
intercept lengths assay intervals.
------------------------ ---------------------------------------------------------------------------------------
Diagrams As provided.
------------------------ ---------------------------------------------------------------------------------------
Balanced reporting This is the second release of Exploration Results for
this project made by Newcrest. The initial Newcrest
release is dated the 25(th) July 2019. Earlier reporting
of exploration programs conducted by Newcrest and Greatland
Gold have previously been reported. Exploration drilling
programs are ongoing and further material results will
be reported in subsequent Newcrest releases.
------------------------ ---------------------------------------------------------------------------------------
Other substantive Nil.
exploration
data
------------------------ ---------------------------------------------------------------------------------------
Further work Further work is planned to evaluate exploration opportunities
that extend the known mineralisation. Initial drilling
conducted by Newcrest has confirmed higher grade mineralisation,
broadened mineralised extents defined by prior drilling
and extended the depth of observed mineralisation of
the Havieron prospect. The results of drilling to date
indicate the limits of mineralisation have not been
closed off. Drilling programs at Havieron are ongoing,
with additional drill rig(s) scheduled to commence
in the Q2 FY20.
------------------------ ---------------------------------------------------------------------------------------
APPIX II
Drillhole Data
Havieron Prospect, Paterson, Western Australia
Reporting Criteria: Intercepts reported are Au >0.20ppm (0.2g/t Au) and minimum 20m downhole width with maximum consecutive internal dilution of 20m. Also highlighted are high grade intervals of Au >1.0ppm (1g/t Au) or Cu >5000ppm (0.5%), and minimum 10m downhole width with maximum consecutive internal dilution of 10m. Au grades are reported to two significant figures.
Hole ID Hole Easting Northing RL Total Azimuth Dip From To (m) Interval Au Cu Cut
Type (m) (m) (m) Depth (m) (m) (ppm) (pct) Off
(m)
-------- ------- -------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
0.2g/t
HAD012 MR-DD 463803 7597709 258 1157 90 -65 509.9 540.1 30.2 0.25 0.02 Au
------- -------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
0.2g/t
HAD012 865.7 1005 139.4 2.9 0.39 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
1.0g/t
HAD012 Incl 900 943 43 7.9 0.83 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
0.2g/t
HAD012 1056 1083 27 0.99 0.10 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
1.0g/t
HAD012 Incl 1056 1066 10 2.5 0.20 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
0.2g/t
HAD013 MR-DD 464435 7597650 263 1254 270 -65 479 579.9 100.9 2.0 0.48 Au
------- -------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
1.0g/t
HAD013 Incl 481 517 36 4.1 0.84 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
1.0g/t
HAD013 Incl 525 535 10 2.0 0.72 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
1.0g/t
HAD013 Incl 550 561 11 1.3 0.18 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
0.2g/t
HAD013 590 647 57 0.47 0.28 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
0.2g/t
HAD013 712 874.3 162.3 0.89 0.17 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
1.0g/t
HAD013 Incl 725.7 735.8 10.2 2.5 0.69 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
1.0g/t
HAD013 Incl 855 870.3 15.3 2.2 0.17 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
0.2g/t
HAD013 917.9 1064 146.1 0.93 0.10 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
0.2g/t
HAD013 1128 1149.8 21.8 0.25 0.02 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
0.2g/t
HAD014 MR-DD 463835 7597653 266 955 90 -65 450 694.6 244.6 2.0 0.40 Au
------- -------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
1.0g/t
HAD014 Incl 465 494.3 29.3 4.0 0.86 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
1.0g/t
HAD014 Incl 539 549 10 2.7 0.53 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
1.0g/t
HAD014 Incl 557 579.4 22.4 4.3 0.82 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
0.2g/t
HAD014 705 731.6 26.6 0.99 0.81 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
0.2g/t
HAD014 816.6 891.9 75.3 3.4 0.43 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
1.0g/t
HAD014 Incl 859.3 872.5 13.2 16.0 0.93 Au
-------- --------- ---- ------ -------- ----- ------ ------- --------- ------ ------ -------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DRLDKLFBKKFEBBB
(END) Dow Jones Newswires
September 10, 2019 02:01 ET (06:01 GMT)
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