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Greatland Gold PLC - precious and base metals exploration and development in Western Australia and Tasmania - On Thursday, following infill drilling of 26 holes at the Havieron deposit in Paterson, Australia, results have provided additional confidence of geological and grade continuity within the existing resource shell.
Results also support the delivery of an indicated mineral resource estimate in the south east crescent zone and adjacent Breccia zones.
Looking ahead, the 2021 growth drilling programme will focus on the north west crescent and northern Breccia zones,aimed at providing support for the potential expansion of the existing inferred resource estimate.
Already, earthmoving activities to prepare for the construction of the box cut and decline have started.
"We are pleased to once again observe high grades of gold and copper at extensive widths, with all drill holes intercepting mineralisation. The results are outstanding and further highlight the world-class potential of Havieron. Additionally, these results layer onto existing data to further increase our confidence in the continuity of higher-grade mineralisation and support the delivery of an Indicated Mineral Resource estimate," said Chief Executive Officer Shaun Day.
Current stock price: 22.00 pence, closed down 7.2% on Friday
Year-to-date change: down 40%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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