Greatland Gold PLC (AIM:GGP, OTC:GRLGF) reported high-grade results from the latest drilling campaign at the Havieron gold-copper joint venture project in Western Australia.
All 24 holes drilled, as part of the latest campaign, intersected mineralisation with 19 reporting significant mineralisation. The best results included 113.8 metres (m) at 3.4 grammes a tonne gold and 0.1% copper from an infill hole.
The results support the continuity of the high grade South East Crescent Zone and the potential upgrade of a significant portion of the inferred resource to the more certain indicated category, it said.
The latest drilling also continued to show the potential for resource additions outside of the existing inferred resource, including a mineralised zone 100 metres (m) below and 100m to the north-west of prior high-grade holes.
"The drill programme at Havieron consistently delivers high-grade results and intersects significant mineralisation which continues to support a significant upgrade of the inferred mineral resource to an indicated mineral resource,” said chief executive Shaun Day.
“As we head towards 2022, all drill programmes will be focused on growth, including new targets outside the known Havieron system with drill testing commencing at Havieron North and Zipa while we await the assay results of the initial drilling into these targets.
"With eight drill rigs operational, construction activities advancing and potential for significant upside for the scale and life of Havieron, there continues to be tremendous progress in the development of this world class project."
Havieron is being jointly developed with Australian major Newcrest Mining Ltd.