Recent RNS Drill Results21 Sep 2020 21:14
Latest Drilling Results at Havieron
Thu, 10th Sep 2020 07:00
RNS Number : 5935Y
Greatland Gold PLC
10 September 2020
10 September 2020
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR)
Greatland Gold plc
("Greatland" or "the Company")
Latest Drilling Results at Havieron Highlight Potential Bulk Tonnage Target
On track to deliver initial resource at Havieron in Q4 2020 as footprint of mineralisation is extended with the expansion of a new mineralised breccia zone
Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to provide an update on Newcrest's drilling campaign at Greatland's Havieron deposit in the Paterson region of Western Australia.
The new breccia zone ("Northern Breccia"), identified in step out drilling in the north west part of the Havieron deposit, continues to expand with further drilling. Currently, the Northern Breccia has a footprint of ~300m x 100m x 300m open at depth and highlights a broad bulk tonnage target.
Greatland notes the release of an ASX announcement titled "Exploration Update" by Newcrest Mining Ltd ("Newcrest") earlier today.
Highlights
· Further excellent results from the Northern Breccia highlight the potential for a broad bulk tonnage target at Havieron.
· Importantly, higher grade zones related to massive sulphide mineralisation are also observed within the Northern Breccia.
· Infill drilling results continue to demonstrate geological and grade continuity within the high-grade crescent sulphide zone and surrounding breccia.
· Latest drill results provide additional support to the ongoing investigation of both high-grade selective and bulk mining methods.
· These results further advance the geological understanding of the system and indicate further potential for additional breccia and higher-grade sulphide style mineralisation in the less explored Northern Breccia region.
Best New Results (not previously reported)
· HAD043W2: 116.2m @ 2.6g/t Au, 0.65% Cu from 607m, including
· 18m @ 6.3g/t Au, 0.92% Cu from 671m
· HAD047: 309m @ 0.99g/t Au, 0.07% Cu from 915m, including
· 44m @ 3.3g/t Au, 0.15% Cu from 1157m
· HAD055W1: 171m @ 1.5g/t Au, 0.10% Cu from 890m, including
· 12.1m @ 4.5g/t Au, 0.04% Cu from 984.9m
· HAD077: 127.6m @ 2.0g/t Au, 0.33% Cu from 551m, including
· 29.8m @ 6.7g/t Au, 0.86% Cu from 616m
· HAD078: 208.6m @ 1.2g/t Au, 0.22% Cu from 832.4m, including
· 10.4m @ 4.0g/t Au, 0.11% Cu from 1002.6m
Next Steps
· On track to deliver an initial resource for Havieron in calendar Q4 2020.
· Exploration programmes at Havieron continue, with both infill drilling to deliver a resource and step out drilling to define the extent of the mineralised system.
· Environmental and baseline studies progressing to support potential commen