great news ... Huge and world class27 Nov 2018 10:49
Gervaise Heddle, Chief Executive Officer, commented: "We are very excited by the results of the latest geophysical modelling which suggest that Havieron has the potential to represent a significantly larger mineralised system than we previously expected. Our excellent recent drilling results only tested to approximately 800 metres below surface and elevated gold and copper persisted to the end of several holes, suggesting that mineralisation continues at depth below the current limit of drilling.
"Havieron is a conspicuous 'bulls-eye' magnetic anomaly, as seen in airborne data sets. There are more than twenty magnetic anomalies similar to that observed at Havieron within Greatland's Paterson licences and, in light of the exceptional mineralisation at Havieron, these represent compelling regional exploration targets."
Greatland's drilling campaigns at Havieron have yielded excellent results to date, including:
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121m at 2.93g/t gold and 0.23% copper from 497m (HAD001). 21m at 3.79g/t gold 0.44% copper from 418m (HAD003).
Combined intercept of 275m at 4.77g/t gold and 0.61% copper, including an upper zone of 118m at 3.08g/t gold and 0.84% copper from 459m and a lower zone of 157m at 6.04g/t gold and 0.44% copper from 660m (HAD005).
Greatland's second drilling campaign at Havieron is ongoing and further analytical results are awaited.