Greatland Gold in demand as drilling at Havieron confirms world class potential
- Greatland Gold expands footprint between 'world class' Havieron and Telfer projects
- Greatland Gold edges closer to a decision to mine, as the high grade drill results continue to flow in
- Greatland Gold makes encouraging start to Juri programme
- Greatland Gold says Growth Drilling campaign at Havieron confirms evidence of a world-class ore body
Quick facts: Greatland Gold PLC
Price: 17.4 GBX
Market Cap: £689.83 m
About the company
Greatland Gold PLC has a portfolio of six high-potential projects in Western Australia and Tasmania which are renowned for being low risk jurisdictions.
How it is doing
Greatland Gold PLC (AIM:GGP, OTC:GRLGF, FRA:G8G) is to expand its footprint in the Paterson Province, Western Australia, with the acquisition of a package of tenements located strategically between the firm’s Havieron project and Newcrest’s Telfer property.
It has acquired the Pascalle and Taunton tenements, spanning 75 and 100 square kilometres respectively, along with adding two licence applications that will cover 840 square kilometres.
"This is our first licence acquisition since Havieron and adds over 1,000km2 of exploration ground in the Paterson region expanding Greatland's strategic footprint in one of the most prospective exploration areas for gold-copper deposits in Australia,” said chief executive Shaun Day.
“The Pascalle tenement is optimally located directly between two world class discoveries of Havieron and Telfer and nearby existing infrastructure.
New results from the Growth Drilling programme under the Crescent Sulphide Zone and around the Northern Breccia continue to support the potential for resource expansion, it said.
Results have been received for the first four holes sampled from the nine drill holes completed at the joint venture in the Paterson province of Western Australia.
Insight: Greatland Gold edges closer to a decision to mine, as the high grade drill...
Just over a week ago the company’s joint venture partner at the Havieron discovery in Western Australia, Newcrest Mining Ltd (ASX:NCM) commenced construction of a decline that’s designed to go down all the way to the top of the mineralization.
What the brokers say
Greatland Gold PLC (AIM:GGP, OTC:GRLGF, FRA:G8G)’s first results from its Juri joint venture in the Paterson province in Western Australia has made an encouraging start with gold identified in assays from the first four holes.
SP Angel noted that the initial drilling at Juri intersected gold mineralisation at both the Saddle Reef and Goliath targets.
Newcrest is again Greatland’s partner in the exploration programme, the same combination that is developing the huge gold find at Havieron also in the Paterson region.
What management says
Greatland Gold PLC (AIM:GGP, OTC:GRLGF, FRA:G8G) CEO Shaun Day joined Proactive with latest drill results from its Havieron deposit in Western Australia which revealed high-grade gold and copper outside the initial resource area.
Day telling Proactive that the new results from the Growth Drilling programme under the Crescent Sulphide Zone and around the Northern Breccia continue to support the potential for resource expansion. All 12 new drill holes intersected mineralisation, with six holes returning significant assay intercepts greater than 100-gram metres of gold.
Day also updated Proactive on recent corporate changes including the appointment of industry veteran Paul Hallam as a new non-executive director and the appointment of Callum Baxter to the Technical Advisory Committee.
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