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(Alliance News) - Greatland Gold PLC said on Friday its growth drilling programme continues to expand the Havieron gold-copper project's footprint in Western Australia.
The mining development and exploration company reported high-grade mineralised extensions in all tested target zones at the project.
Greatland Gold explained that the new high-grade mineralised intercepts to the east of the Eastern Breccia mineral resource reinforces its potential to host Crescent style high grade mineralisation.
At the Eastern Breccia area, drilling returned returned 150.1 metres at 3.7 grams per tonne of gold and 0.15% copper.
High-grade results in the Northern Breccia demonstrate the potential for further high-grade sulphide mineralisation outside the South East Crescent Zone, the company added.
At the Northern Breccia area, Greatland Gold intersected 52 metres at 3.0 grams per tonne of gold and 0.09% copper.
Managing Director Shaun Day said: "Whilst growth drilling at the Eastern Breccia continues to define the mineralised footprint and extensions of the Breccia, a new high grade intercept has reinforced the potential for the Eastern Breccia corridor to host Crescent style high-grade mineralisation. This demonstrates the ongoing potential for the expansion of the Havieron footprint below and adjacent to the existing mineralisation.
"With ongoing drilling focusing on growth there is substantial potential to further demonstrate the depths and extents of the high-grade mineralisation, that remain open along strike and at depth at Havieron."
Shares in Greatland Gold were down 0.3% at 13.17 pence on Friday morning in London.
By Heather Rydings; heatherrydings@alliancenews.com
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