Greatland Gold identifies multiple new targets after tests at Scallywag licence
Greatland has already demonstrated its exploration success with the huge Havieron discovery currently being worked up by Newcrest
Company
LON:GGP
Greatland Resources is a new leading Australian gold and copper producer, operating the Telfer gold mine, one of Australia’s largest gold-copper mining complexes. The company is concurrently developing the nearby world-class Havieron gold-copper project and exploring across a significant regional portfolio.
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Greatland has already demonstrated its exploration success with the huge Havieron discovery currently being worked up by Newcrest
"The new licences represent an excellent opportunity to double the size of our footprint across the underexplored Ernest Giles greenstone belt,” said chief executive Shaun Day
"The results are outstanding and further highlight the world-class potential of Havieron," said chief executive Shaun Day
The drilling returned the best intercept recorded to date: 120.7m at 9.3g/t gold and 0.18% copper
Havieron has proved to be one of the most significant gold discoveries in recent years
Greatland Gold has a track record of significant exploration success in the Paterson region
Greatland Gold has shown considerable exploration elan in Paterson
Our mining maven, Ryan Long, looks at some of the discoveries and resource expansion developments that caught his eye in 2020
As announced on December 15, 2020, Shaun Day succeeds Gervaise Heddle, who will remain on the board and part of the Greatland executive team until March 12, 2021, to ensure a smooth transition
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The comment comes as partner Newcrest Mining releases its quarterly exploration update
The company is positioning itself to develop a diverse and expansive base and precious metals exploration business in Australia.
The firm's CEO Gervaise Heddle said the works marked “a major milestone" for the project in Western Australia
Greatland plans a follow-up drill campaign during the 2021 field season
The company said the A$146mln (£82mln) will fund the construction of the box cut, exploration decline and associated surface infrastructure at the site
Greatland and its partner, Newcrest Mining, have received the go-ahead to commence key early works activities at the Havieron Project for a box cut and exploration decline.
The broker expects a deposit of 12.5Moz to be delineated at Havieron based on the current drilling
Alex Borrelli, Greatland Gold's chairman, paid tribute to Heddle who he said was instrumental in acquiring the company-making Havieron project
Newcrest Mining has a farm-in agreement to explore and develop the Havieron gold-copper project and earn 70% interest in the 12 blocks by spending up to US$65mln.
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