(Alliance News) - Greatland Gold PLC on Tuesday said it has completed two drilling programmes at its projects, and is making progress with its Havieron development, and is awaiting assay results.
The London-based development and exploration company, specialising in one-tier gold and copper deposits in Australia said it has completed 10 drill holes at its Scallywag tenement, covering a total of 3,241 metres.
The firm has also completed its maiden drilling programme of five holes at the Decka prospect in its Paterson South project, as well as one drill hole at the Stingray prospect.
Paterson South is a farm-in and joint venture with Rio Tinto Exploration.
Greatland is waiting for assay results from its drilling, it said.
The firm said it is "pleased" with its progress at the Havieron project. Greatland said underground development continues, with 2,510 metres completed, including 1,776 metres of advance in the exploration decline.
"During the quarter, Greatland progressed an exploration drilling campaign at Scallywag and rapidly mobilised to drill targets at our new Paterson South Project which is a farm-in and joint venture arrangement with Rio Tinto Exploration. We await the results from these drill programmes and look forward to updating the market in due course as we continue to make good progress across our portfolio of assets," Managing Director Shaun Day said.
Greatland Gold shares fell 0.1% to 7.09 pence each on Tuesday afternoon in London.
By Harvey Dorset, Alliance News reporter
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Greatland Gold (GGP)