Gold: Newcrest reignites Paterson Province with mammoth gold-copper intersection at Havieron
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Major miner Newcrest (ASX:NCM) has announced some monster gold-copper intercepts at the Havieron project — just when you think the Paterson Province buzz might be fading a bit.
Highlights included 43m at 7.9 grams per tonne (g/t) gold and 0.83 per cent copper, 900m from surface, and a 244.6m-long intersection grading 2g/t gold and 0.4 per cent copper from 450m.
Newcrest says this massive system, operated under a farm in agreement with UK-based Greatland Gold, remains open. Great news for the junior explorers in the area.
Read more about the Paterson:
Meanwhile, Beacon Minerals (ASX:BCN) has been quietly plugging away at its small but low cost Jaurdi development in WA without much fanfare.
Today, the explorer became a producer:
This is Jaurdi’s maiden gold bar. Amazing stuff, considering first exploration drilling only kicked off in January 2017.
Process plant commissioning has progressed ahead of schedule, Beacon says, and commercial production will commence on October 1, 2019.
Jaurdi only cost an estimated $21.4m to build, and once running full throttle, will be producing gold at an industry leading, all-in sustaining cost of $870/oz.
+$2200 (gold price) minus $870 (costs) = an excellent profit, providing everything goes to plan.
Small cap darling Bellevue (ASX:BGL) is making new bonanza grade gold discoveries at its high-grade, 1.53-million-ounce namesake gold project in WA.
These hits – including 4.4m at 62.4 g/t gold — came from the new Deacon & Mavis discovery, 400m east of the historic Bellevue mine. And the whole system remains either open or untested, so expect these high-grade discoveries to keep coming.