Deep dive: Greatland Gold ⛏️ 🤿

A bit more publicity :star2::yellow_heart::star2:

As I’ve mentioned before. Paddy is a cracking follow for Greatland Gold content.

If you were Newcrest, what would you do?

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@anon810895
Remember the days when football matches were broadcasted on the radio? That piece of text with that radio mode would be sick

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It’s a tough one to call. What are your thoughts?

Telfer site isn’t doing well, not cash positive, it makes sense to buy Havieron and less so Scallywag.

I’d buy now whilst the gold isn’t minimum resourced.

Better researched than the last one they produced. Royston is my favourite on here.

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Nice interview with Gervaise.

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Newcrest Announcement:

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:

  • potential of starting an exploration decline by the end of calendar year 2020 or early 2021
  • stoping and bulk underground mining options
  • the potential to achieve commercial production within two to three years from the commencement of the decline

Havieron Project, Western Australia
The Havieron Project is operated by Newcrest under a farm-in agreement with Greatland Gold Plc. It is centred on a deep magnetic anomaly located 45km east of Telfer in the Paterson Province. The target is overlain by more than 420m of post mineral cover. Newcrest commenced drilling during the June 2019 quarter and has increased drilling activity such that eight drill rigs are now operational. A further 10,062 m of new drilling has been completed since December 2019.
New drill results include
HAD022 returned:

  • 142m @ 1.9 g/t Au & 0.38% Cu from 534m;
  • including 15.7m @ 9.8 g/t Au & 0.61% Cu from 572.3m (high grade sulphide zone)

HAD042 returned:

  • 124m @ 3.9 g/t Au & 0.21% Cu from 734m (mineralised breccia);
  • including 17.3m @ 19 g/t Au & 0.62% Cu from 790.7m

HAD044 returned:

  • 83.3m @ 5.0 g/t Au & 1.1% Cu from 489.5m (high grade sulphide zone)

HAD049 returned:

  • 82m @ 6.1 g/t Au & 0.41% Cu from 461m;
  • including 34.8m @ 9.2 g/t Au & 0.64% Cu from 461.2m (high grade sulphide zone)

High-grade copper-gold mineralisation has been outlined within a folded sub-vertical arcuate sulphide zone over 450m in extent, and in excess of 600m vertically. It remains open at depth and to the north-west. This zone is supported by 25 mineralised intercepts to date.

Drilling has also further developed understanding of mineralised breccias proximal to the arcuate mineralised zone, with broad intercepts supporting potential for bulk mineable options. Best grades within the breccia zone are developed within 100m of the arcuate mineralised zone. The mineralised breccias have been observed to 1,200m below surface and remain open at depth. Further drilling is required to understand the controls and dimensions of breccia-related mineralisation.

Results to date support potential for both high grade selective and bulk mining methods, which are currently being evaluated. Newcrest will continue infill drilling to support the delivery of a maiden mineral resource in the second half of the 2020 calendar year.

A number of environmental, geotechnical and metallurgical studies are continuing in order to support a potential mineral resource estimate and future permitting requirements.

All looks very promising from my very untrained eye!

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Newcrest talking about maiden mineral resource second half of this year is super exciting. We’ll finally be able to put figures and facts together to value the company.

(Then we can speculate on Firetower and Scallywag drill sites some more!)

The market needs to wake up to the size of this find.

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Loving the thread as I’m partial to some mining stocks and exploration companies. It seems inevitable Greatland Gold gets bought out if the drill results keep coming which should give a nice kicker.

It’s a long road to actual constructed mine and a lot of risk getting there and what the gold price looks like when production can actually start. Would be more than happy to see them cash out and reward the shareholders…just not too early😉

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https://twitter.com/stocksandrocks/status/1237601212007976961?s=19

Peeps are excited.

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News is flowing:

All aboard the hype train! :bullettrain_side:

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Seems like good news, that must be why the price is falling from this morning’s bump already :joy:

It’s falling in line with the FTSE All Share, but unlike that index, Greatland at least had an initial +20% bump today.

Which one do you rather have?

Oh I was being facetious. I’m happy with long term outlook and enjoying topping up at the lower price today.

In that case I apologise. Sarcasm doesn’t always translate well on zhe webz and I didn’t pick up on it. :+1:t2:

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