Newcrest: Significant Increase in Wafi-Golpu Resource
Friday, 22 July 2011 05:53
Newcrest announced a significant increase in the Wafi-Golpu Mineral Resource following an extensive resource definition drilling program on the Golpu porphyry deposit, located in the Morobe Province of Papua New Guinea.
The Wafi- Golpu Mineral Resource has increased to over one billion tonnes of ore containing 26.6 million ounces of gold and 9 million tonnes of copper.
The previous Wafi-Golpu Mineral Resource estimate contained 16 million ounces of gold and 4.9 million tonnes of copper. Wafi-Golpu comprises the Wafi epithermal gold deposit, the Nambonga porphyry copper-gold deposit and the Golpu porphyry copper-gold deposit. Resource estimates for Wafi and Nambonga remain unchanged from those reported for June 2010. The Golpu Mineral Resource has been updated following a drilling program designed to increase the Mineral Resource along strike and at depth.
