By Samuel Indyk
Investing.com – Greatland Gold (LON:GGPL) has provided an update on the drilling campaign at the Havieron copper-gold project in the Paterson region of Western Australia. The project is in partnership with Newcrest Mining (ASX:NCM).
The latest results comprise 24 new drill holes, including 20 holes from the infill drilling programme and four from the growth drilling programme. The exploration company said that “significant” mineralisation was reported in 19 of the new holes.
The company said that results support the continuity of the high grade South East Crescent Zone.
The AIM-listed firm also said that the latest drilling continues to show potential for resource additions outside of the existing Inferred Mineral Resource, including a mineralised zone 100 metres below and 100 metres to the north west of prior high grade holes.
“The drill programme at Havieron consistently delivers high grade results and intersects significant mineralisation which continues to support a significant upgrade of the Inferred Mineral Resource to an Indicated Mineral Resource,” Chief Execituve Officer Shaun Day said in a statement. “This latest drilling demonstrates continuity within the South East Crescent and together with significant assay intercepts running into the broader mineralized zonation. In addition, we have intercepts over 250 meters below the existing South East Crescent Mineral Resource which demonstrates the opportunity to further expand the ore body.”
The AIM-listed company added that a further 10 drill holes have been completed and are awaiting assay while 90,000 metres of growth drilling have been targeted to 30th June 2022.
“As we head towards 2022, all drill programmes will be focused on growth, including new targets outside the known Havieron system with drill testing commencing at Havieron North and Zipa while we await the assay results of the initial drilling into these targets,” Day added.
At 09:12GMT, Greatland Gold shares were trading higher by 1.0% at 13.43 pence per share.