Newcrest finds gold

Newcrest finds gold

SYDNEY (Reuter): Newcrest Mining Ltd said yesterday that drilling at its Gosowong gold find in Indonesia had confirmed an inferred resource at the site.

Newcrest said the prospect, located in an area where gold mineralization was previous unknown, had now been tested by over 100 diamond drill holes and contains over 350 metres of the exposed strike length.

Newcrest said an inferred resource had been calculated based on assay data from 75 of the 100 holes outlining the deposit to an approximate depth of 150 metres downdip.