Melbourne, Australia, Apr 27, 2022 (Newsfile Corp via COMTEX) -- Exciting growth opportunities at Brucejack, Red Chris and Havieron continue to deliver high grade results
At Brucejack , drilling confirms the potential for resource growth at the Valley of the Kings deposit, with further high grade returned from North Block and 1080 Level East, which are both located outside the current resource.
At North Block, VU-3489 returned 28.5m @ 262g/t Au from 70.5m, including 1.0m @ 7,400g/t Au from 87m.
At 1080 Level East, VU-3570 returned 17m @ 41g/t Au from 189m, including 1m @ 662g/t Au from 205m, and 16.5m @ 35g/t Au from 252m, including 1m @ 205g/t Au from 252m and including 1m @ 316g/t Au from 266m, and 34.5m @ 16g/t Au from 286.5m, including 1m @ 359g/t Au from 301m.
Drilling has also expanded the footprint of the high grade mineralisation at Golden Marmot, located 3.5 kilometres north of the Brucejack Mine.
At Golden Marmot, SU-786 returned 20.0m @ 187g/t Au from 268m, including 0.5m @ 6,700g/t Au from 270.5m and including 0.5m @ 770g/t Au from 285m. In addition, SU-843 returned 38.5m @ 27g/t Au from 106.5m, including 0.5m @ 1,925g/t Au from 138.3m, and 21m @ 6.9g/t Au from 187.5m, including 0.5m @ 250g/t Au from 188.4m.
At Red Chris , drilling continues to expand the footprint and confirm continuity of higher grade mineralisation at East Ridge.
RC750W returned 96m @ 0.77g/t Au & 0.61% Cu from 1,454m, including 46m @ 1.3g/t Au & 1.0% Cu from 1,502m and 82m @ 0.69g/t Au & 0.61% Cu from 1,578m, including 32m @ 1.2g/t Au & 1.0% Cu from 1,582m. RC779 returned 560m @ 0.35g/t Au & 0.45% Cu from 1,216m, including 98m @ 0.59g/t Au & 0.72% Cu from 1,502m, including 12m @ 1.1g/t Au & 1.2% Cu from 1,542m. Both RC750W and RC779 remain open at depth.
RC785 extended the corridor to the east, a further 100m beyond RC740 (previously reported) returning 214m @ 0.26g/t Au & 0.37% Cu from 1,532m, including 24m @ 0.83g/t Au & 1.1% Cu from 1,532m. RC785 is also the deepest significant intercept returned from East Ridge and remains open at depth and to the east.
Drilling to define the extent of the East Ridge mineralised corridor is ongoing.
At Havieron , growth drilling continues to expand the system footprint and identify high grade extensions to the mineralisation in the Eastern Breccia, South East Crescent Zone, Northern Breccia and North West Pod target areas. Highlights include:
In the Eastern Breccia, new results from HAD145W1 returned 150.1m @ 3.7g/t Au & 0.15% Cu from 1,827.9m, including 42.3m @ 8.6g/t Au & 0.4% Cu from 1,854m. The intercept is approximately 100m to the north west of HAD104^^ which returned 62.5m @ 5.9g/t Au & 0.30% Cu from 1,546.5m, including 49.4m @ 7.1g/t Au & 0.38% Cu from 1,554.6m. These intercepts confirm the potential for the North West trending Eastern Breccia corridor to host Crescent style high grade mineralisation.
In the South East Crescent, results for HAD133W6^ were received which finalises the reported intercept to 173.2m @ 1.9g/t Au & 0.18% Cu from 1,424.6 m, including 43.1m @ 3.7g/t Au & 0.34% Cu from 1,425.9m. This intercept is the deepest high-grade mineralised intercept for the project to date, at approximately 250m below the current Mineral Resource and demonstrates that the high grade mineralisation remains open at depth.
In the Northern Breccia and North West Pod targets, crescent-like intercepts have been returned in infill drilling with HAD089W4 intersecting 52.7m @ 7.1g/t Au & 0.04% Cu from 1,074m including 31.4m @ 12g/t Au & 0.03% Cu from 1,094.9m on the northwest margin of the breccia. In addition, HAD085W6 intersected 52m @ 3.0g/t Au & 0.09% Cu from 1,327m including 17.9m @ 7.7g/t Au & 0.07% Cu from 1,361.1m within the Northern Breccia Inferred Resource.
Melbourne, Australia--(Newsfile Corp. - April 27, 2022) - Newcrest (asx:NCM) /zigman2/quotes/200289815/delayed CA:NCM +0.69% (pngx:NCM) Managing Director and Chief Executive Officer, Sandeep Biswas, said, "We are absolutely delighted to release the exceptional drilling results at Brucejack today, following completion of the Pretium transaction in March 2022. Brucejack is very early in its mine life and offers significant exploration upside with the land package largely unexplored. The drilling results today confirm the significant upside potential adjacent to and beyond the Valley of the Kings deposit with high grade intercepts identified in a number of targets outside of the current resource. Golden Marmot has also delivered incredible results, further expanding the footprint of high grade mineralisation and creating exciting potential."
"The results at our East Ridge discovery at Red Chris continue to expand the higher grade footprint of the mineralised corridor, with the strike extents of this prospect remaining open to the east and at depth. Havieron also continues to deliver encouraging results, with several high grade drill results in target areas including the Eastern Breccia that sit outside of our Inferred Mineral Resource estimate." said Mr Biswas.
Brucejack, British Columbia, Canada [(]  [)]
In March 2022, Newcrest completed the acquisition of Pretium Resources Inc. (Pretium), owner of the Brucejack mine located 65km northwest of Stewart in northern British Columbia, Canada.
The Brucejack Property hosts the Valley of the Kings high-grade gold deposit. The nature of the mineralisation at the Valley of the Kings deposit is characterised by multiple occurrences of higher grade over selected intervals hosted within broader zones of stockwork and vein arrays. Growth activities are focused on both resource expansion within the existing mine area, as well as brownfields exploration activities within 4kms of the mine area. Both work programs delivered very strong results for the period.
Resource expansion drilling was focused on newly defined targets in the 1080 HBx Zone, Eastern Promises and Bridge Zone. A total of 12,278m in 65 drill holes were completed using 3 drill rigs and assays are pending. During the quarter, final assay results were received from the North Block Phase 4, 1080 Level East and Golden Marmot programs.
At North Block Phase 4, 11,465m of resource expansion drilling was completed in 60 drill holes extending the footprint of the mineralisation. All drill holes intersected gold mineralisation, with 11 of the 60 drill holes intersecting higher grade, in excess of 5 grams per tonne gold. Phase 4 drilling extended the North Block an additional 100 meters to the west, with the majority of the high-grade gold mineralisation located within 25m of existing infrastructure.
Drilling at North Block has now expanded the zone over an area 375m wide, 350m long, and 300m high. North Block remains open to the north and at depth and is currently outside the existing Mineral Resource estimate. Definition drilling is currently underway.
Results for the reporting period include:
At 1080 Level East, 15,618m of drilling was completed in 65 drill holes. Fifty-nine (59) drill holes intersected gold mineralisation, with 13 of the 65 drill holes intersecting higher grade, in excess of 5 grams per tonne gold. Drilling was planned to infill the initial 4 drill fans completed in 2020, with the results showing continuity of gold mineralisation up to 100 meters east and 200 meters below the existing Mineral Resource Estimate.
Drilling at 1080 East Level has now expanded the zone over an area 150m wide, 250m long, and 200m high. 1080 East Level remains open to the south, east, and at depth. Follow up drilling is currently underway in the 1080 HBx Zone towards the south, where extended drill holes from the 2021 program encountered gold mineralisation, with drilling also planned for Eastern Promises towards the east.
Results for the reporting period include:
At Golden Marmot , brownfield activities included 8,378m of drilling in 26 drill holes. All drill holes intersected gold mineralisation, with 7 of 26 drill holes intersecting higher grade, in excess of 5 grams per tonne gold.
Golden Marmot is part of a four-kilometre trend of highly altered rocks which outcrop from Hanging Glacier in the northwest to Bridge Zone in the southeast. The area is accessible via exploration trail from the Brucejack Mine. Mineralisation at Golden Marmot occurs as coarse-grained electrum hosted in strongly quartz-sericite-pyrite altered volcanic and sedimentary facies of the Lower Hazelton Group. Results from the initial drilling identified 7 preliminary mineralisation domains broadly trending east-west and north-south. To date, these domains extend over an area 250m wide, 300m long, and 300m high and display many of the salient geological features that characterise the Valley of the Kings deposit immediately to the south.
Mineralisation at Golden Marmot remains open in all directions and to depth. Golden Marmot is a new discovery located outside of the Mineral Resource estimate. Follow up drilling is currently being planned for the 2022 exploration field season.
Results for the reporting period include:
Approximately 54,000m of resource expansion drilling and 35,000 meters of brownfield exploration drilling targeting mineralisation definition and continuity are planned during calendar year 2022 with three drill rigs underground and four drill rigs on surface.
Refer to Appendix 1 for additional information, and the Drill hole data table for all results reported during the period.
Figure 1. Plan view map of the Brucejack Property, spanning the 4km gossanous trend from Golden Marmot in the north to Bridge Zone in the South. Cross section for Figure 2 views parallel to the Brucejack Fault.
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Figure 2. Long section view (looking west) of the Brucejack Property.
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Figure 3. Plan view map of the 1080 level in the Brucejack Mine, showing the North Block Phase 4 and 1080 East Level drill programs, gold assays >5g/t Au, and the modelled extents of two prominent domains, Domain 13 and Domain 20.
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Figure 4. Plan view map of the Golden Marmot prospect showing drill results, gold assays >1g/t and preliminary domains.
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Red Chris, British Columbia, Canada [(]  [) ]
Red Chris is a joint venture between Newcrest (70%) and Imperial Metals Corporation (30%) which is operated by Newcrest.
The Brownfield Exploration program is focused on the discovery of additional zones of higher-grade mineralisation within the Red Chris porphyry corridor, including targets outside of Newcrest's initial Mineral Resource estimate. During the period, there were up to eight diamond drill rigs in operation. A further 17,543m of drilling has been completed from 20 drill holes, with all drill holes intersecting mineralisation (except 10 drill holes which were dedicated geotechnical holes). This contributed to a total of 234,892m of drilling from 219 drill holes since Newcrest acquired its interest in the joint venture in August 2019.
At East Ridge , located adjacent to the East Zone, drilling is ongoing with 38 holes completed and 5 in progress. The follow up drilling is being completed on a nominal 100m x 100m grid to determine the footprint of the mineralisation, characterise the mineralisation and demonstrate the continuity of the higher-grade mineralisation. Drilling to date has tested a corridor 800m long and to a vertical extent of 1,000m within which zones of higher grade mineralisation have been identified.
Results for the reporting period include:
Drilling continues to define the continuity of the higher grade. Holes RC750W , RC773 , RC777 and RC779 all returned higher grade with holes RC750W and RC777 remaining open at depth.
Drilling also continues to expand the strike extent of the East Ridge mineralisation. RC785 located a further 100m east of RC740 (previously reported) returned 214m @ 0.26g/t Au & 0.37% Cu from 1,532m, including 24m @ 0.83g/t Au & 1.1% Cu from 1,532m. RC785 also returning the deepest significant intercept on the property which remains open at depth and further east.
The East Ridge mineralised corridor (>0.4g/t Au and >0.4% Cu) extends over 800m long, up to 1,000m high and 125m wide, with higher grade (>0.8g/t Au and >0.8% Cu) in several smaller pods over an area 500m high, 400m long and 100m wide.
East Ridge is located east of East Zone and is outside of Newcrest's initial Mineral Resource estimate. Follow-up drilling is in progress to further define the extent and continuity of this high grade mineralisation.
At Main Zone , final results were returned from a nominal 100 x 100m grid southwest of the open pit, following up RC679 [^^] (previously reported) which returned 456m @ 0.37g/t Au & 0.42% Cu from 418m, including 98m @ 0.71g/t Au & 1.0% Cu from 440m. Several significant intercepts were returned from RC753 , RC765, RC769, RC775, RC776 , RC778 and RC782 with the results being reviewed to determine further follow up. Drilling is planned northwest of the open pit targeting higher-grade intercepts to the west and at depth beneath the current open pit, external to the current resource.
Approximately 50,000m of growth-related drilling targeting mineralisation definition and continuity is planned for calendar year 2022 from eight drill rigs.
Refer to Appendix 2 for additional information, and the Drillhole data table for all results reported during the period.
Figure 5. Schematic plan view map of the Red Chris porphyry corridor spanning East Ridge, East Zone, Main Zone and Gully Zone showing significant Newcrest intercepts (drill intercepts have been reported in Appendix 2 of this report), 0.3g/t Au, 1g/t Au, 0.3% Cu and 1% Cu shell projections generated from a Leapfrog [TM] model.
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Figure 6. Long section view (looking North West) of the Red Chris porphyry corridor showing drill hole locations and gold distribution.
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Figure 7. Oblique schematic section view of the Red Chris porphyry corridor showing gold distribution. 0.3 g/t Au,1 g/t Au, 0.3% Cu and 1% Cu shell projections generated from the Leapfrog [TM] model.
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Havieron Project, Western Australia, Australia [(]  [)]
The Havieron Project is operated by Newcrest under a Joint Venture Agreement (JVA) with Greatland Gold. Newcrest holds a 70% interest in the Havieron Project and has an option to acquire an additional 5% joint venture interest at fair value. Newcrest continued to progress the process to determine the option price for the 5% joint venture interest in accordance with the JVA during the period. The JVA includes tolling principles reflecting the intention of the parties that, subject to a successful exploration program, Feasibility Study and a positive decision to mine, the resulting joint venture mineralised material will be processed at Telfer.
The Havieron Project is centred on a deep magnetic anomaly located 45km east of Telfer in the Paterson Province. The deposit is overlain by more than 420m of post mineral Permian cover. The Joint Venture commenced drilling during the June 2019 quarter and has completed 237,444m of drilling from 285 drill holes to date (excluding holes in progress, abandoned holes, or drill holes which have not been sampled).
Drilling activities in the period have produced a further 10,952m of drilling from 13 holes. New assay results are reported from 15 drill holes, including additional results reported for 2 holes for which partial results were reported during the December 2021 quarter. Of the reported holes, 10 holes returned significant assay intercepts in excess of 50 gram metres Au (Au ppm x length m).
Drilling in the quarter was focused on potential resource growth at the South East Crescent Zone, Northern Breccia, Eastern Breccia and regional exploration holes outside the main Havieron mineralised system. Assays reported include drilling from:
South East Crescent Deeps - assay results reported for four drill holes, two holes awaiting assays.
Northern Breccia & North West Pod - assay results reported for five drill holes, one further drill hole was completed for geotechnical investigations and was not assayed.
Eastern Breccia - assay results reported for four drill holes, two holes awaiting assays.
First pass drill testing of geophysical targets outboard of the Havieron system, with two drill holes reported from Zipa, and two drill holes pending from step out drilling north and south of the Havieron system.
At the Eastern Breccia, assays for an additional four holes targeting strike extensions from previously reported drill holes have been received. As reported in the December 2021 quarter, HAD104^^ returned 62.5m @ 5.9g/t Au & 0.30% Cu from 1,546.5m, including 49.4m @ 7.1g/t Au & 0.38% Cu from 1,554.6m, approximately 200m to the southwest of previous drilling. New results from HAD145W1 testing approximately 100m to the northwest of HAD104 has returned 150.1m @ 3.7g/t Au & 0.15% Cu from 1,827.9m, including 42.3m @ 8.6g/t Au & 0.4% Cu from 1,854m.
HAD104 [^^] and HAD145W1 represent the most significant intercepts in the Eastern Breccia zone to date and confirm the potential for this separate northwest trending corridor to host crescent style high grade mineralisation. Drilling is now focused on defining the extents of this higher-grade mineralisation which remains open in all directions.
South East Crescent Deeps growth drilling continued during the quarter targeting higher grade mineralisation at depth below the current Mineral Resource. Results were received from three drill holes, and updated results from one drill hole HAD133W6 [^] , which is now reported in full. Results from HAD133W7 and HAD133W8 are approximately 250m below the Inferred Mineral Resource and west of what is interpreted to be the steeply southeast plunging high grade Crescent Zone. The best mineralisation to date is developed next to the dolerite dyke in HAD133W6 [^] which returned 173.2m @ 1.9g/t Au & 0.18 % Cu from 1,424.6 m, including 43.1m @ 3.7g/t Au & 0.34% Cu from 1,425.9m, which remains the deepest high-grade mineralised intercept for the project to date, at approximately 250m below the current Mineral Resource estimate. Further drilling is planned to test potential for high-grade resource extensions.
Northern Breccia infill drilling has targeted known high-grade mineralisation around the North West Pod (NW Pod) Target on the northwest margin of the Breccia, in addition to internal higher-grade mineralisation within the core of the Breccia. Both high grade "NW Pod" mineralisation (hole HAD089W4) and broader lower grade Northern Breccia mineralisation (HAD093) were intersected.
Drilling to test geophysical targets outside of the known Havieron system is ongoing, including evaluating the Havieron dolerite at multiple intervals north and south of the Havieron mineralised pipe. HAD154 and HAD155 tested the Havieron dolerite 400m north and south of Havieron respectively, with results pending. Results were received for ZIP001 and ZIP002, testing the Zipa target, located approximately 2km to the north of Havieron and centred on a prominent gravity high anomaly. No significant results were reported for the two completed Zipa drillholes, although both holes intersected diorite like lithologies in metasediment, a rock type considered significant to mineralisation at Havieron.
The reduced quantity of holes and new assays reported in this period reflect the seasonal reduction in drill rigs over the wet season. Drilling activity has returned to seven drill rigs. Growth drilling targeting mineralisation definition and continuity continues to show potential for resource additions outside of the existing Inferred Mineral Resource limits, including:
Extension of the South East Crescent Zone at depth below the Updated Mineral Resource
Expansion of multiple higher-grade zones including Northern Breccia and North West Pod
Extensions of the Eastern Breccia including definition of internal higher grade zones identified in HAD104^^ and HAD145W1
Drilling is continuing to target geophysical targets outside of the main Havieron system.
Refer to Appendix 3 for additional information and Drillhole data table for all results reported during the period.
Figure 8 . 3D Plan view schematic showing the spatial association north-west trending mineralised corridors which host the South East Crescent, Northern Breccia, North West Pod and Eastern Breccia targets in relation to the Inferred Resource extents. Also highlighted are selected previously reported intercepts >100 gram metres (Au ppm x length) that have been intersected outside of the Inferred Mineral Resource.
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Figure 9 . 3D oblique view of the Havieron system viewed from the south-east, showing the position of high-grade intercepts and mineralised zones outside of the current Mineral Resource extents. Further higher-grade mineralisation and assay results continue to support incremental expansion of the northern breccia, as well as significant extensions for the South East Crescent deeps and Eastern Breccia targets outside of the current Inferred Resource.
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Figure 10 . Plan view schematic of a horizontal slice at 3850mRL through the Crescent Sulphide Zone and Breccia-hosted Zones, showing the extents of the 0.5 and 1.0 g/t Au Leapfrog [TM] grade shells with highlighted newly reported intercepts for this period. This diagram highlights >50gram metres intersections drilled during the period which are, refer to inset diagram for relationship to all Havieron drilling.
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Wilki Project, Western Australia, Australia
The Wilki Project is an exploration farm-in and joint venture with Antipa Minerals Limited (Antipa). The project area covers a strategic landholding of ~2,200km  surrounding the Telfer operation and is adjacent to the Havieron Project. Newcrest entered into this exploration farm-in and joint venture agreement with Antipa on 11 March 2020. Newcrest currently has a 9.9% shareholding in Antipa.
As previously highlighted, Newcrest has elected to proceed to the next stage (Stage 1) of the farm-in agreement following completion of the initial exploration expenditure commitment (A$6 million). Newcrest has the potential to earn a 51% joint venture interest in the Wilki Project through expenditure of a further A$10 million by March 2025 during Stage 1 [(]  [)] .
Field programs are in preparation and will be ready for execution once access can be safely obtained following the wet season.
Juri Joint Venture, Western Australia, Australia
The Juri Joint Venture is a farm-in and joint venture agreement with Greatland Gold with respect to the Black Hills and Paterson Range East projects, located within the Paterson Province approximately 50km from the Telfer operation and in proximity to the Havieron Project. The joint venture covers an area of approximately 248km  .
As previously highlighted, Newcrest has met the Stage 1 exploration expenditure (A$3 million) and now holds a 51% interest in the Juri Joint Venture. Under the terms of the agreement, Newcrest has the potential to earn an additional 24% joint venture interest (for a cumulative 75% joint venture interest) through expenditure of a further A$17 million over three years during Stage 2 [(]  [)] .
Field programs are in preparation and will be ready for execution once access can be obtained following the wet season.
Tennant East, Northern Territory, Australia
Work programs have identified 6 undercover targets at the Tennant East project (located 200km east of Tennant Creek). Targets for scout drilling in calendar year 2022 have been identified on the basis of coincident gravity, magnetic and induced polarisation anomalies.
Newcrest has provided notice of termination with respect to the remaining option agreements underlying the Jarbidge project.
Drilling commenced at the Fortuity89 project in south-western Nevada. Five RC drill holes have been completed for 1,663m. Samples have been submitted for assay and results are pending.
Central Andes, Northern Chile
Drilling was conducted across Newcrest's Chilean exploration project portfolio with 2,216m drilling completed during the quarter at Mioceno (Option and Farm-in Agreement with Cornerstone Capital Resources Inc.) and Esparta (Option Agreement with private individuals). Complete assays were received, with no significant results and interpretation of the data is ongoing.
A geochem survey (soils and lag) combined with detailed geological reconnaissance was conducted over prospective areas of the Gorbea-Mioceno-Silencio district during the quarter with a focus on high sulphidation epithermal systems.
During the quarter, Newcrest exited the Vicuna farm-in and option agreement with Compañía Minera del Pacífico.
Northern Andes, Ecuador
Scout drilling continued at the Gamora Project, located in southeast Ecuador. This work is being conducted by Newcrest as the operator under an earn-in agreement with Lundin Gold. Pursuant to which Newcrest can earn up to a 50% interest in eight exploration concessions. During the period, Newcrest met the Stage One expenditure requirements (US$4 million) and now has the option to elect to move to Stage Two, which includes expenditure of US$6 million over 18 months for a 25% interest. The concession area covers strategic landholdings to the north and south of Lundin Gold's Fruta del Norte mining operation.