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.
"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.
“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."