NCM 0.82% $31.90 newcrest mining limited

amazing grades!

  1. 4,005 Posts.
    NEWCREST MINING LIMITED 2003-04-01 ASX-SIGNAL-G



    HOMEX - Melbourne



    +++++++++++++++++++++++++

    Newcrest Mining Limited advises that drilling at the Kencana prospect

    south of the original Gosowong mine has resulted in the discovery of

    a significant zone of mineralisation.



    The mineralisation which lies 1km south of the original Gosowong mine

    has been defined by 9 holes and is contained in an envelope

    approximately 250 metres long, 100 metres down-dip and a thickness

    ranging from 3 to 20 metres. It remains open in all directions.



    The drilling results include the following intersections:



    HOLE NO INTERVAL GOLD GRADE

    (metres down hole) (grams/tonne)



    DSD 5 10.55 20

    DSD 7 23.45 110

    DSD 9 13.5 29

    DSD 10 3.5 105

    DSD 11 10.4 34

    DSD 12 28.4 7.4

    DSD 13 8.9 31

    DSD 14R 13.8 14

    DSD 15 10.4 130



    The mineralisation is in the mining production area of the Gosowong

    leasehold.



    Four drill rigs are currently being used to progress drilling at this

    prospect.



    A J Palmer

    MANAGING DIRECTOR & CEO
 
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