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Greatland Gold initiates second round of drilling at Havieron

Published: 07:47 17 Sep 2018 BST

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Havieron could contain a significant gold discovery

Greatland Gold plc (LON:GGP) has commenced a second drilling campaign at the Havieron project in the Paterson region of Western Australia.

Greatland's first drilling campaign at Havieron, carried out in April-May 2018, yielded excellent results, which included 121 metres at 2.93 grams per tonne gold and 0.23% copper. 

READ: Progress at Havieron, Black Hills and Ernest Giles leaves Greatland Gold in ‘strongest position ever’

The first campaign also established the presence of a zone of high-grade mineralisation, with peak grades of 137.69 grams gold and 4.11% copper, and demonstrated the potential for Havieron to represent a very large mineralised system.

The new drilling campaign consists of up to ten core holes to a depth of 600 metres each for a total of approximately 6,000 metres.

The drilling programme is designed to determine the extent and direction of the high-grade zone of mineralisation at Havieron. 

"We are excited to be on the ground and pushing forward with our second major drilling campaign at Havieron following the excellent results from the first campaign which established a zone of high-grade gold mineralisation peaking at almost 4.5 ounces gold per tonne,” said chief executive Gervaise Heddle.

"The results from the first drill programme, combined with independent geophysical modelling, indicate that Havieron has the potential to represent a very large mineralised system."

In a related move, the company has also issued around A$250,000 worth of shares to DDH1 Drilling, which will carry out the drilling campaign.

 

Greatland Gold discusses updated Havieron resource and reserve estimate from...

Greatland Gold PLC (AIM:GGP, OTC:GRLGF) managing director Shaun Day joined Proactive's Stephen Gunnion to discuss an updated Reserve and Resource for the Havieron gold-copper project released by joint venture partner Newmont. Newmont’s update includes 4.9 million gold equivalent ounces in the...

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