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(Sharecast News) - Precious and base metals exploration and development company Greatland Gold updated the market on the drilling campaign at the Havieron deposit in Western Australia's Paterson region on Thursday, with recent activities including new results from the growth drilling programme.
The AIM-traded firm said that programme continued to support the potential for resource expansion of the Havieron system.
Infill drilling from within the inferred mineral resource boundary was designed to support the delivery of an indicated mineral resource estimate in the South East Crescent zone and adjacent Breccia zone.
Assay results for four new drill holes from the growth drilling programme had been received, with all holes intersecting "significant" mineralisation.
"We are very pleased with another set of excellent results which continue to highlight the world-class potential of Havieron," said chief executive officer Shaun Day.
"The latest results from the infill and growth drilling campaigns further support the delivery of an indicated mineral resource as well as the potential expansion of the Havieron gold-copper mineralised system."
Alongside that, Day said the joint venture was advancing earthmoving activities, with the box cut and surface works nearing completion and the portal and decline progressing to plan.
"With the 2021 65,000 metre drilling campaign well underway and the early works programme progressing at pace, we look forward to updating the market on the continuing progress at Havieron."
At 0937 BST, shares in Greatland Gold were down 5.23% at 21.99p.
30 May 2023 11:43
Greatland Gold signs with Rio Tinto for Western Australia expansion
(Alliance News) - Greatland Gold PLC on Tuesday said it entered a farm-in and joint-venture deal with Rio Tinto Exploration Pty Ltd to expand its tenure in the Paterson province in Australia.
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