Proactive Investors - Run By Investors For Investors

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

Chief executive Gervaise Heddle believes the three projects, all located in Western Australia, have the potential to host “multi-million ounce deposits”
gold mineralisation
New drill programmes at Black Hills and Havieron are due to begin over the next couple of weeks

Greatland Gold PLC (LON:GGP) is in the “strongest position it has ever been” according to the explorer’s chief executive, Gervaise Heddle.

The AIM-quoted firm embarked on successful exploration programmes at the Havieron and Black Hills licences in Western Australia in the first half, while last month it kicked off a major drilling campaign at Ernest Giles, also in Western Australia.

READ: Greatland recovers more gold pieces at Black Hills

The plan now is to follow up the initial results at Havieron and Black Hills with new drill programmes which are slated to begin over the next couple of weeks.

As for Ernest Giles, the drilling it started last month is ahead of schedule and further exploration plans will be announced once the results are received and assessed.

READ: Greatland sees “exceptional” results from Havieron drill campaign

In terms of finances, Greatland ended the first half with £3.5mln of cash and no debt.

‘Multi-million ounce potential’

“Greatland is in the strongest position it has ever been following this year's successful exploration campaigns at both Havieron and Black Hills,” said CEO Heddle in today’s update.

“Both projects were acquired within the last two years and demonstrate the successful execution of Greatland's acquisition and exploration strategy during that time.”

He added: “We believe that Black Hills, Havieron and Ernest Giles have the potential to host multi-million ounce deposits and we look forward to updating investors on our progress as we seek to build on the success of the first half.”

 

View full GGP profile View Profile

Greatland Gold PLC Timeline

Related Articles

gold
March 14 2018
Orosur Mining is making great strides in its Colombian exploration programme
Thor Explorations' Segilola high grade pit offers strong return on investment
June 12 2018
The 100% owned project sits on a 27 sq km exploration licence containing a 17 sq km mining licence
1533317104_renaiisance-mastre-landscape.jpg
August 03 2018
The company has an extensive portfolio of exploration projects in Nevada and Utah

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use