EXPLORATION & DEVELOPMENT

Newcrest announces 361,000oz Indonesian gold resource

NEWCREST Mining, once more the subject of intermittent takeover speculation, has completed a resource estimate for the high-grade Toguraci prospect, located 2km west of its 82.5%-owned Gosowong mine in Indonesia.

Greg Tubby

The prospect is estimate to contain an inferred and indicated gold resource of 361,000 ounces at an average grade of 27gpt, with 301,000oz at 40gpt in the indicated category. The drawback is that the...

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