Proactive Investors - Run By Investors For Investors

Greatland Gold says Havieron may be significantly larger than expected

"The MMI and gravity survey results indicate that the Havieron target may be significantly larger than we previously expected,” said Gervaise Heddle, Greatland chief executive
Survey results potentially extend Havieron

Greatland Gold plc (LON:GGP) has given details of surveying operations at the Paterson project, where the Havieron gold-copper target’s potential strike length has extended to 1.5 kilometres.

The company gave investors the results of ground gravity and Mobile Metal Ion (MMI) surveys, and based on analysis it believes the ‘peak gravity response’ at Paterson has not been tested thus far by drilling.

READ: Greatland Gold making headway with exploration in Western Australia

"The MMI and gravity survey results indicate that the Havieron target may be significantly larger than we previously expected,” said Gervaise Heddle, Greatland chief executive.

“Results of both surveys suggest that historical drilling by Newcrest at Havieron may have only intersected a small part of a potentially large, north-west trending mineralised system that may extend for up to 1.5 kilometres.

WATCH: Greatland Gold well financed with a busy year of exploration ahead

“Moreover, certain pathfinder elements detected by the MMI survey support our view that Havieron is an Iron Oxide Copper Gold (IOCG) system.”

Heddle added: "We are very pleased with the gravity and MMI results at Havieron, and believe that these low-cost techniques can be deployed next year to screen the multiple prospective regional IOCG targets previously identified by Greatland."

View full GGP profile View Profile

Greatland Gold plc Timeline

Related Articles

March 14 2018
Orosur Mining is making great strides in its Colombian exploration programme
picture of mine interior
January 15 2018
Caledonia retains operational control of Blanket and ownership of 49% of the mine in Zimbabwe
Thor Explorations' Segilola high grade pit offers strong return on investment
June 12 2018
The 100% owned project sits on a 27 sq km exploration licence containing a 17 sq km mining licence

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use