Ernest Giles10 Mar 2022 14:50
Newmount jump out while exploration on Havieron started, Havieron took over from Ernest Giles.
The DSG results successfully defined several gold anomalies at the Meadows prospect, the most significant of which is a large anomaly approximately 5km long and 1.5km wide in the vicinity of previous Greatland drilling which had intersected gold mineralisation in Archean basement rocks under 100-200m of cover. The anomaly is apparently perpendicular to the regional geological strike suggesting a strong structural control on mineralisation. The anomaly has not been drilled with previous Greatland holes and as such remains untested.
Here why SD is keen to drill here.