Greatland Gold PLC (AIM:GGP, OTC:GRLGF) said the development of the Havieron mine in Paterson, Western Australia has ticked off another significant de-risking event, with the main decline now passing the middle aquifer.
Overall, the decline at Havieron, a joint venture with operator Newcrest, had reached 2,510 metres as at 20 July 2023.
Greatland added it has completed the latest drilling programme at Scallywag in the Paterson region of Western Australia, with assay results pending.
Diamond drilling was carried out at the A35, A34, Swan, Pearl and Ramses targets, said the statement.
A maiden programme has also been completed at Paterson South, Greatland's joint venture with Rio Tinto, comprising five reverse circulation holes. Greatland is also awaiting assay results here.
Shaun Day, Greatland’s managing director, commented: "We are pleased with the continued underground progress at the Havieron underground with development advancing to 2,510 metres.
"During the quarter, Greatland progressed an exploration drilling campaign at Scallywag and rapidly mobilised to drill targets at our new Paterson South Project which is a farm-in and joint venture arrangement with Rio Tinto Exploration."