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Greatland Gold provides update on activity at Havieron Project

Stock MarketsSep 09, 2021 09:36
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By Samuel Indyk

Investing.com – Greatland Gold (LON:GGPL) has provided an update on its drilling and exploration activities at its Havieron Project in the Paterson region of Western Australia.

Since the last update, drilling activities include new results from the growth drilling programme which continue to support the potential for resource expansion of the Havieron gold-copper system.

The latest results comprise assays for twelve new drill holes from the programme that were not previously reported, with six of those holes returning significant assay intercepts in excess of 100 gram metres of gold.

A further 18 holes have been completed and await assays, anticipated to be received and reported in the next update.

In total, 194,456m of drilling from 230 drill holes has been completed since joint venture partner Newcrest Mining (ASX:NCM) commenced exploration activity.

“The Growth Drilling campaign at Havieron continues to deliver excellent results with significant intercepts of high-grade gold and copper outside the existing resource shell,” said Greatland Gold Chief Executive Officer Shaun Day in a statement to the London Stock Exchange.

“These assay results have once again extended known mineralisation below the main South East Crescent zone and to the north-west in the Northern Breccia, adding further scale and value to the Havieron orebody.

“With nearly 200,000 metres of drilling now completed, including extensive Growth Drilling in recent months, we have significantly enhanced our understanding of the orebody and the likelihood of delivering an upgrade to the Mineral Resource Estimate in the near-term.”

At 09:34BST, shares in Greatland Gold were trading lower by 1.9% at 18.499 pence per share.

Greatland Gold provides update on activity at Havieron Project
 

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