Greatland optimistic on further drilling at West Dome Underground

(Alliance News) - Greatland Resources Ltd on Monday reported fresh drill results from its West Dome Underground project, supporting its potential for exploitation beyond the company's original target zone.

The Perth, Australia-based gold and copper miner drilled a section of the Pinnacles prospect, about 1.2 kilometres south of the deposit on which the West Dome Underground mineral resource estimate is based.

The new intercept is about 1.5 km from existing Telfer underground crusher and hoist infrastructure.

Greatland's goal was to test the potential of the structures hosting the main deposit.

Step-out drilling at the new 58.7-metre intercept struck gold graded at 6.5 grams per tonne, and 0.1% copper, which Managing Director Shaun Day noted as "among the best intercepts achieved from West Dome Underground drilling to date".

"The mineralisation is open to the north towards the WDU, and to the south, which is entirely untested. Further drilling is required to confirm the tenor and extent of the mineralisation between the WDU and the Pinnacles intersection, as well as to the south," Greatland noted.

The company is planning drilling between Pinnacles and WDU, as well as drilling further south of Pinnacles.

Back in March, Greatland posted a maiden mineral resource estimate for WDU1, comprising 8.0 million tonnes at 2.30 grammes per ton of gold and 0.44% of copper, for 600,000 ounces of gold and 35,000 tonnes of copper.

Greatland shares fell 0.7% to 772.55 pence on Monday afternoon in London.

By Holly Munks, Alliance News reporter

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