Greatland Gold PLC (AIM:GGP, OTC:GRLGF) said six drill rigs are operational at the Havieron gold-copper project after the Christmas shutdown.
Five drill rigs on the Western Australia-based project are testing extensions to the current mineralised system, while the other rig is drilling targets identified outside of the immediate vicinity of the Havieron deposit.
Significant new results include 52.7 metres (m) at 7.1 grammes a tonne (g/t) gold and 0.04% copper at the Northwest Pod. The result confirms the potential for further high-grade sulphide mineralisation outside the SE Crescent Zone, said Greatland.
The ramp up of the 2022 growth drill programme is an exciting time for Greatland and its shareholders as it presents an opportunity to further understand the size and scale of the Havieron system,” said chief executive Shaun Day.
“This growth drilling programme is already delivering pleasing results with high-grade sulphide mineralisation confirmed in the NW Pod, several hundred meters away from the South East Crescent and Eastern Breccia zones. This, along with a continuation of the high-grade mineralisation outside of the recently updated Initial Mineral Resource for the Eastern Breccia is a fantastic start to the calendar year.
"Additionally, we are encouraged by the higher-grade copper results we are seeing near the base of the Northern Breccia.”
Havieron is a joint venture project with Newcrest Mining Ltd. Newcrest is the operator and currently has a 60% interest in the joint venture.
Earlier this month, Greatland announced a substantial increase in resources and reserves for Havieron.