Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Greatland Gold to kick off new drill programme at Havieron in April

"We are very pleased to be moving forward with Greatland's first drilling campaign at Havieron”
gold nuggets
Four holes will test gold and copper mineralisation

Greatland Gold PLC (LON:GGP) shares moved on the front foot as the company updated on plans to start a drill programme at the Havieron licence in April.

The explorer expects to encounter a potentially large mineralised system, based on the results of detailed aeromagnetic and ground gravity data.

WATCH: Greatland Gold to start drilling at Havieron in April

Modelling of the data, also suggests that only two of six previously drilled holes at Havieron encountered what is deemed to be the primary target and that those two holes were “at the very top” of the mineralised system.

A new programme of drilling will now include four holes, for a total of 2,400 metres, to test the mineralised system and to evaluate gold, copper and other elements.

Approvals are in place for the planned programme, and the work is due to start in April.

"We are very pleased to be moving forward with Greatland's first drilling campaign at Havieron,” said Gervaise Heddle, Greatland chief executive said in a statement on Wednesday.

READ: Greatland Gold making headway with exploration in Western Australia

“Over the past few months, the Paterson region has seen a substantial number of new exploration licence applications by several industry participants.

“Greatland's early entry advantage makes us well positioned to capitalise on the region's potential. We look forward to announcing the results of our drilling campaign in due course."

View full GGP profile View Profile

Greatland Gold plc Timeline

Related Articles

underground mine
April 26 2018
Annual guidance for 2018 is 82,000-88,000 oz at AISC of US$680-730 oz
Copper in periodic table
May 02 2018
Bezant has a huge copper resource under licence in the Philippines
Kiziltepe
June 07 2018
"We acknowledge the continuing disconnect between our share price and the value of our assets when assessed in terms of the in-situ value of our resource and reserve ounces."

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