Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRocView Video
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investorsView Video

Latest Share Chat

Greatland Gold upbeat on latest Havieron drilling

Thu, 28th Oct 2021 10:53

(Sharecast News) - Mining exploration and development company Greatland Gold updated on the drilling campaign at the Havieron gold-copper project in the Paterson region of Western Australia on Thursday, with the latest results comprising 22 new drill holes from the infill and growth drilling programmes, plus 11 holes previously reported.
The AIM-traded firm said "significant" mineralisation was reported in 18 of the new holes.

It said the Havieron joint venture had now completed a total of 210,629 metres of drilling from 254 holes, with all of the latest completed holes continuing to intersect mineralisation, and all but one reporting significant mineralisation.

A further 24 drill holes had been completed, awaiting assay.

Drilling activities since its last update included new results, which continued to support the potential for resource expansion of the Havieron gold-copper project.

The board said hole HAD117W6 returned 120.4 metres at 10 grams of gold per tonne and 0.66% copper from 764.6 metres, which was the best gram-metre intercept drilled to date at Havieron.

It said further significant results from the growth drilling continued to demonstrate the potential for resource additions outside of the existing inferred mineral resource limits, including the extension of the SE Crescent Zone below the current mineral resource, where increasing grade and thickness of mineralisation has been observed from recent drilling.

The firm said it also supported the expansion of multiple higher-grade targets including Northern Breccia and NW Pod, and the potential for additional NW trending corridors including the Eastern Breccia.

"The volume and quality of results at Havieron continue to impress as we observe increases in both grade and thickness at depth," said chief executive officer Shaun Day.

"This supports continuity of the high grade zonations and potential upgrades to the mineralisation.

"It speaks volumes for the tremendous quality of Havieron that after reaching a milestone of 200,000 metres of drilling, the best gram metre intercept ever drilled was just delivered, located at the high grade South East Crescent Zone."

Day said the results of the 90,000 metres growth drilling programme continued to extend mineralisation across multiple zones across Havieron.

"These outstanding results expand the high-grade South East Crescent Zone and add further scale to the Havieron deposit in multiple directions including within the Northern Breccia and in the Eastern Breccia.

"The ongoing success from each set of drill results confirm Havieron as a world class gold-copper project and its potential to expand further in scale.

"The pre-feasibility study highlighted the low capex, low risk approach to developing Havieron, which puts this asset in a class of its own as we progress it forward and add further upside to its future economic outcomes."

At 1108 BST, shares in Greatland Gold were up 0.03% at 17.48p.

Related Shares

More News
5 Mar 2024 12:25

Greatland reports decent progress in interim report

(Sharecast News) - Greatland Gold reported progress at its flagship Havieron gold-copper project in an interim report on Thursday, and updates on expl...

5 Mar 2024 11:52

IN BRIEF: Greatland Gold annual loss narrows but reports higher costs

Greatland Gold PLC - Australia-focused exploration and development company - Says pretax loss narrows to GBP5.5 million in 2023 from GBP13.3 million t...

22 Feb 2024 14:33

IN BRIEF: Greatland Gold celebrates updated Havieron gold estimate

Greatland Gold PLC - Australia-focused exploration and development company - Notes the updated annual reserve and resource statement from Newmont Corp...

8 Feb 2024 10:37

Greatland Gold upbeat on recent drilling at Ernest Giles

(Sharecast News) - Greatland Gold announced the conclusion of its Western Australian government co-funded drilling programme at the Meadows gold prosp...

8 Feb 2024 09:43

Greatland Gold confirms gold mineralisation at Ernest Giles project

(Alliance News) - Greatland Gold PLC on Thursday confirmed gold mineralisation and pathfinder geochemistry at its Meadows prospect in the Ernest Giles...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.