RE: News flow...19 Oct 2021 08:21
Shaun Day, Chief Executive Officer of Greatland Gold plc, commented: "Advancing to Stage 2 of the Juri JV marks an important step forward which further demonstrates the confidence and financial commitment of our partner Newcrest. This progression follows a successful initial drill programme, where mineralisation was discovered, and additional rich geological information obtained in respect of existing and new targets.
This additional investment enables Greatland to expand and accelerate the 2022 Juri exploration programme without the need to self-fund this activity. Furthermore, this commitment is evidence of the strength of our relationship with Newcrest and our mutual belief in our partnership to undercover further deposits in the highly prospective Paterson region.
The Juri JV campaign forms part of Greatland's multifaceted exploration strategy in the highly prospective Paterson region. This work complements the rapid progress at Havieron, with mine development and a growth drilling programme underway; together with exploration activities at our 100% licences across the Paterson district."
From my lay persons perspective, NCM would not be throwing millions more at this without a high degree of confidence. Great news.
ATB