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Greatland Gold PLC - London-based exploration and development company with operations in Australia and Tasmania - Reports drilling campaign has revealed potential for high-grade mineralisation at Havieron gold-copper project in the Paterson region, Western Australia. Havieron is operated as a joint venture with Newcrest Mining Ltd. Drilling results from high grade extensions to the Eastern Breccia to the southeast of previous drilling confirms potential for separate corridor in northwest. HAD104 showed 62.5 metres at 5.9 grams per tonne gold, and 0.5% copper from 1,546.5 metres including 49.5 metres at 7.1 grams per tonne gold and 0.4% copper from 1,554.6 metres.
More drilling has started to test geophysical targets at Havieron North and Zipa, outside of known Havieron system. All drilling is now focused on growth programs, and 2022 will have eight drill rigs operational.
"The latest set of drilling results at Havieron continue to astound with the most significant intercept reported to date outside the South East Crescent zone observed at the Eastern Breccia," said Chief Executive Officer Shaun Day.
"The results at the Eastern Breccia, several hundred meters away from the South East Crescent zone where most of the drilling activity has occurred to date, confirm the potential for a new zone of high-grade mineralisation.
Greatland Gold current stock price: 13.95 pence, up 1.8%
12-month change: down 46%
Newcrest Mining current stock price: AUD21.50, down 6.4%
12-month change: down 14.4%
By Elizabeth Winter; elizabethwinter@alliancenews.com
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