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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."

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