Greatland Gold says results from Growth Drilling continue to support the potential for resource expansion
Greatland Gold (AIM:GGP) reported continued ‘excellent’ growth drilling results at its Havieron gold-copper project in the Paterson region of Western Australia.
The AIM-listed company said drilling activities since the last update include new results from the Growth Drilling programme, which continue to support the potential for resource expansion of the Havieron gold-copper project.
The latest results involve seven new drill holes with each one intersecting significant mineralisation.
Newcrest Mining (ASX:NCM), its partner in the project, has completed a total of 184,081 metres of drilling from 212 holes so far.
Growth Drilling continues to confirm extensions to the high grade South East Crescent and the Northern Breccia mineralisation below and around the initial Inferred Mineral Resource estimate, the company said. HAD138 (Northern Breccia) reported 84.5m @ 2.0 g/t Au & 0.05 % Cu from 683m, including 12.7m @ 6.0 g/t Au & 0.01 % Cu from 685.3m.
Additionally, 2021 Growth Drilling is progressing into full-year 2022. A further 15 Growth drill holes have been completed with samples awaiting assay, anticipated to be received and reported in the next update.
Shaun Day, Chief Executive Officer of Greatland Gold plc, commented: “There is a tremendous amount of activity and excitement with the progress across the Havieron gold-copper project. In addition to the intensity of the drilling programme, the decline development is now maintaining 24- hour operations and the surface support infrastructure is nearing completion.”
“The drilling programme keeps on delivering with every hole continuing to hit significant mineralisation while also growing the scale of the Project. Drilling has identified several exciting results from the South East Crescent, extending the high grade mineralisation beneath the initial Inferred Resource estimate.”
“The ongoing success from each set of drill results builds confidence in the world class nature of the Havieron gold-copper project and its potential to expand. This de-risks the project as we progress it towards potential production and adds further upside to the value of the deposit.”
“With 15 intersections awaiting assay, the volume of information available is expected to significantly expand with our next update as we continue to grow our understanding and scale of the Havieron gold-copper project.”
The Greatland Gold share price is down by 2.27% during the morning session on Thursday.