Greatland Gold edges closer ...15 Jun 2021 17:33
... to a decision to mine, as the high grade drill results continue to flow in.
As if we hadn’t had enough of it already, the positive newsflow from Greatland Gold PLC (LON:GGP) just keeps on coming.
Just over a week ago the company’s joint venture partner at the Havieron discovery in Western Australia, Newcrest Mining Ltd (ASX:NCM) commenced construction of a decline that’s designed to go down all the way to the top of the mineralization.
Lest there be any doubt, this is not just a mere exploration decline.
Rather, with dimensions of six metres by five point seven meters, this is a decline that’s designed ultimately to facilitate mining.
No decision to mine’s yet been made, but the pieces of the jigsaw are falling into place such that it’s pretty clear now what kind of picture Newcrest thinks it’s putting together.
Newcrest, after all, has been pushing ahead at breakneck speed ever since it bought into the Havieron project, and the latest set of drill results, published on 10 June give a pretty clear indication as to why.
Among the highlights from this latest batch of assays was 85 metres at 11 grams per tonne gold and 0.29% copper – an exceptional result that would be the standout intercept at any other project. But Havieron has been yielding up results of that ilk or better almost since day one, when Greatland first punched its maiden hole down through the overburden all those years ago.
https://www.proactiveinvestors.co.uk/companies/news/952306/greatland-gold-edges-closer-to-a-decision-to-mine-as-the-high-grade-drill-results-continue-to-flow-in-952306.html