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Greatland Gold PLC

Newcrest now getting down to business on Greatland Gold’s Havieron project

Havieron has already yielded some highly encouraging drill results

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Havieron is in the highly mineralised Paterson district

Australian gold giant Newcrest (ASX:NCM) has now begun work on Greatland Gold PLC (LON:GGP) after it signed a major earn-in deal earlier this year.

Newcrest has the right to acquire up to a 70% interest in a 12-block area by spending up to US$65mln.

WATCH: Greatland Gold to narrow its focus on big tier-one projects to ‘move the needle’ for investors

Newcrest has commenced a native title heritage survey of the Havieron project and expects to commence the construction of a field camp at Havieron in mid-May, with drilling to commence shortly after. 

The initial drill programme comprises approximately 10,000 metres of drilling with the aim to define the extent of the mineralisation along strike and at depth, testing the system to a depth of 1,000 metres below surface.

"We are very pleased with the thorough and extensive work that has been completed by Newcrest in preparation for field activities at Havieron,” said Gervaise Heddle, chief executive of Greatland Gold.

“We look forward to keeping shareholders fully updated as Newcrest moves forward with its drilling programme which is expected to commence within the next few weeks."

 

 

Quick facts: Greatland Gold PLC

Price: £0.02

Market: AIM
Market Cap: £66.9 m
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Full interview: Greatland Gold's Gervaise Heddle talks through further...

Greatland Gold PLC's (LON:GGP) Gervaise Heddle caught up with Proactive London's Andrew Scott after reporting what's been described as excellent drill results from the Havieron project, in Western Australia, where work has been focussing on higher-grade zones. Havieron is led by major mining...

1 week, 4 days ago

2 min read