RNS1 Oct 2018 09:27
Highlights:
· Significant mineralisation, visibly similar to that previously
intersected in HAD001, has been observed for approximately 239m in the first
hole of Greatland's current drilling campaign at Havieron (HAD005);
· Geological inspection has confirmed HAD005 has intersected
mineralised brecciated calcareous limestone and sandstone with massive pyrite,
chalcopyrite, pyrrhotite and quartz veining, from 458m to 577m (119m) and from
662m to 782m (120m);
· Initial observations from HAD005, in conjunction with earlier
results from HAD001, suggest that Havieron may represent a very large
mineralised system;
· Drilling of HAD006 has commenced and initial laboratory assay
results for HAD005 are expected to be available in approximately six weeks.
While laboratory assay results for HAD005 are not available at this point, and
there can be no guarantee that assay results will be similar to those of
HAD001, the visible observation of 239m of mineralisation in HAD005 is
considered material because it represents a visible mineralised intersection
approximately twice the size of that detected in HAD001.
Gervaise Heddle, Chief Executive Officer, commented: "We are very pleased to
see significant visible mineralisation in the first hole of this new drill
campaign, which further reinforces our view that Havieron has the potential to
be a very large mineralised system. Our key priority now is to further test
the extent and orientation of the mineralised zone and we look forward to
providing further updates as drilling progresses."