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Greatland Gold upbeat on latest drilling results from Havieron gold-copper joint venture

All the latest holes continue to intersect significant mineralisation

Greatland Gold PLC -

Greatland Gold PLC (LON:GGP) said the ongoing drilling programme at the Havieron gold-copper joint venture project in Western Australia continues to support the potential for resource expansion.

The latest results, announced by operator Newcrest Mining Ltd (ASX:NCM), consist of seven new drill holes from the ‘Growth Drilling’ programme. 

Newcrest has completed 164,420 metres of drilling from 190 holes to date, with all the latest holes continuing to intersect significant mineralisation, Greatland said.

High-grades were intercepted below the December 2020 initial inferred resource shell in the South East Crescent Zone and adjacent Breccia Zones, and around the Northern Breccia. One of the holes (HAD133) returned 85 metres at 11 grammes per tonne (g/t) gold and 0.29% copper from a depth of 1,345 metres, including 13 metres at 32g/t gold and 0.46% copper from a depth of 1,363 metres, and 14.5 metres at 32g/t gold and 0.33% copper from 1,396.5 metres.

"These latest drilling results add further extensions to the high-grade mineralisation at Havieron while evolving the deposit beyond the existing resource shell,” said Shaun Day, chief executive of Greatland. “With each new set of excellent intercepts, we demonstrably advance the potential size and value of the gold-copper orebody at Havieron.”

"Development on site continues at pace with surface earthworks nearing completion and the underground decline underway. As the joint venture progresses, ongoing exploration continues to enhance the potential scale of the gold-copper mineralised system at Havieron," he said.  

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Price: 17.4 GBX

Market Cap: £689.83 m

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