RE: Rns....25 Jun 2018 08:06
Highlights:
· Exceptional drill assay results from Greatland's first drill hole
(HAD001) at Havieron establish the presence of high grade gold (peak 137.69g/t
or 4.4 ounces per tonne) within the mineralised zone and highlight the
potential for Havieron to represent a very large mineralised system;
· Laboratory assay results for first drill at Havieron (HAD001)
include 121m at 2.93g/t gold (Au) and 0.23% copper (Cu) from 497m to 618m
including;
o 2m at 4.82g/t Au and 0.95% Cu from 497m;
o 2m at 5.45g/t Au and 1.14% Cu from 508.5m;
o 1m at 15.60g/t Au from 535m;
o 11.5m at 21.23g/t Au and 0.67% Cu from 568.5m including;
§ 2.5m at 35.20g/t Au and 0.69% Cu from 571.5m including;
· 0.5m at 137.69g/t Au and 1.84% Cu from 573m
§ 3m at 19.96g/t Au and 0.87% Cu from 574.5m including:
· 0.5m at 100.15g/t Au and 4.11% Cu from 575.5m
§ 2m at 40.63g/t Au and 0.66% Cu from 578m including
· 0.5m at 90.52g/t Au and 0.74% Cu from 578.5m, and
· 0.5m at 63.55g/t Au and 0.34% Cu from 579.5m;
o 8m at 3.45g/t Au and 0.13% Cu from 598m.
· Elevated gold and copper results persisted to end of hole
suggesting the mineralisation continues at depth, which is supported by the
results of forward modelling of detailed geophysical data (see announcement
dated 14 February 2018);
· First drilling campaign at Havieron comprised four vertical core
holes for a total of approximately 2,400 metres, results for three remaining
holes (HAD002, HAD003 and HAD004) are pending and are expected to be available
within the coming weeks.