Greatland Gold PLC (LON:GGP) has lauded exceptional laboratory assay results from the company's first drill hole (HAD005) of the current campaign at its 100%-owned Havieron licence in the Paterson region of Western Australia.
The AIM-listed precious and base metals exploration and development company said the results significantly extend the known world-class mineralisation established in its first drilling campaign.
READ: Recent progress at Paterson project caps off “exciting” 2017 for Greatland Gold
The group said it also establishes new peak grades for the mineralised system, including peak gold of 211.30 grammes per tonne (g/t), previously 137.69g/t, and peak copper of 8.45%, previously 4.11%.
Gervaise Heddle, Greatland’s chief executive officer, commented: "We are thrilled by these truly spectacular results which further demonstrate the exceptional potential of Havieron. These stunning results represent a world-class intersection as measured by total mineralisation in one drill hole in excess of 1,500-metre grams gold equivalent.”
He added: “Elevated gold and copper results persisted to end of hole suggesting the mineralisation continues at a depth below the current limit of drilling, which is supported by the results from forward modelling of detailed geophysical data. The remarkable peak gold and copper grades of 211.3gt/t and 8.45% respectively are significantly higher than in the previous drilling. Importantly, we have seen significant widths of copper well in excess of 0.5%.”
Heddle concluded: "The results from HAD005 are just the first in our current campaign at Havieron and we look forward to updating shareholders on our continued progress."