Callum's write-up!28 May 2020 11:40
Greatland Gold (LON:GGP) has seen continued exploration on its Paterson project licences with drilling at the Havieron gold-copper deposit producing more exciting results. The Newcrest Mining Limited (ASX:NCM) operated Havieron project has expanded known mineralisation to over 400m in length and 150m wide and up to 600m below cover while remaining open to the northwest and at depth. Newcrest currently have 9 drill rigs in operation at the site and are undertaking a concept study investigating potential underground mining techniques with completion targeted for H2 2020. Greatland Gold have also been conducting their own exploration programmes and continue to show encouraging drill results from their Tasmanian licences. At Firetower, IP anomalies were drill tested and gold mineralisation was proven coincident with further IP anomalies yet to be drilled out, and at Warrentinna diamond drilling established near surface high-grade gold. Geophysics and geochemical surveys in the Paterson have established numerous high-priority targets for drill testing, with signatures similar to those of the Havieron target, and field work on these is set to commence once COVID-19 restrictions are lifted. Well funded and with a strong team in place we look forward to further encouraging news from the company