RNS30 Apr 2020 08:06
30 April 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")
Newcrest Reports Further Outstanding Drill Results at Havieron
Step out drilling along strike and at depth to commence this quarter following
further exceptional results from infill drilling at Havieron
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.
Greatland notes the release of an ASX announcement titled "Newcrest Quarterly
Exploration Report" by Newcrest Mining Ltd ("Newcrest") earlier today.
Highlights
· Exceptional drill results from Havieron further demonstrate the
continuity of the higher grade mineralisation within an arcuate sulphide zone
and expand the footprint of the mineralisation within this zone and the
surrounding proximal breccia.
· Drilling has further developed understanding of mineralised
breccias, with broad high-grade intersections in the breccia zone reported for
a second successive set of drill results.
· Newcrest currently progressing a Concept Study, with targeted
completion in the second half of calendar year 2020, investigating the
potential to develop the orebody under both underground selective mining and
bulk mining alternatives.
Best New Results (not previously reported on 11 March 2020)
· HAD039: 86.6m @ 2.8g/t Au, 0.37% Cu from 693m, including
· 27.1m @ 4.4g/t Au, 0.74% Cu from 710.9m
· HAD039W2: 148m @ 2.7g/t Au, 0.45% Cu from 668m, including
· 53m @ 6.2g/t Au, 0.71% Cu from 700m
· HAD043: 167.4m @ 2.4g/t Au, 0.66% Cu from 608m, including
· 22.8m @ 9.3g/t Au, 0.96% Cu from 712.3m
· HAD052: 234m @ 1.7g/t Au, 0.29% Cu from 563m, including
· 62m @ 3.8g/t Au, 0.5% Cu from 614.2m
Next Steps
· Nine rigs operational as drilling activity continues towards the
objective of delivering a maiden resource in the second half of calendar year
2020.
· Step out drilling along strike to the north-west and at depth
expected to commence in the near term following completion of current phase of
infill drilling.
· Newcrest planning approximately 80,000 metres of drilling at
Havieron over the 12 months commencing 1 July 2020.
· Environmental and baseline studies progressing to support fast
tracking of decline commencement at Havieron by end of calendar year 2020 or
early 2021, subject to market and operating conditions and receipt of all
necessary permits, consents and approvals.
· Investigating potential to achieve commercial production within
two to three years from commencement of decline.