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Greatland Gold reports ‘excellent’ growth drilling results at Havieron

Greatland Gold expecting the establishment of the portal in the coming weeks

Greatland Gold (AIM:GGP) has provided an update on the drilling campaign at the Havieron deposit in the Paterson region of Western Australia, which it is developing under a joint venture with Newcrest.

The latest results further highlight the potential for extensions to the Initial Resource published last December, according to the AIM-listed company.

Early works are advancing with the box cut 90% complete and surface works 85% complete. 

Greatland Gold also said it is expecting the establishment of the portal in the coming weeks.

Results from Growth Drilling continue to support the potential for resource expansion of the Havieron gold-copper mineralised system, particularly within and around the Northern Breccia, and below the Inferred Mineral Resource estimate in the South East Crescent Zone and adjacent Breccia Zones.

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The precious metals company also reported “excellent” results from infill drilling.

“The high-grade infill drilling results provide additional confidence of both geological and grade continuity within the existing resource shell,” the update said.

Figure 1
3D Plan view schematic showing the spatial association of the South East Crescent + Breccia, North West Crescent, Northern Breccia and Eastern Breccia targets.

Diagram

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Northern Breccia:

Hole HAD083BW4: 156.6 metres (m) @ 1.1 grams per tonne (g/t) gold ( Au) and 0.22% copper (Cu) from 805.8m, including 27.4m @ 2.6g/t Au & 0.49% Cu from 923.5m.

Hole HAD090: 119.0m @ 1.0g/t Au & 0.11% Cu from 954.7m, including 13.0m @ 4.1g/t Au & 0.67% Cu from 1042.2m

Hole HAD106W1: 73.9m @ 1.5g/t Au & 0.13% Cu from 673.1m

South East Crescent and Breccia:

Hole HAD086: 72.0m @ 2.2g/t Au & 0.02% Cu from 1281m.


Figure 2
Plan view schematic of a horizontal slice at 4700mRL through the Crescent Sulphide Zone and Breccia-hosted Zones, showing the extents of the December 2020 Inferred Resource, 0.5 and 1.0 g/t Au LeapfrogTM grade shells with the newly reported intercepts for this period shown in red trace. Also shown is the Eastern Breccia, Northern Breccia and North West Crescent mineralisation outlines projected to the 4700mN section – drilling is ongoing to confirm the extent of these zones. Drilling reported in the 11th March 2021 announcement is shown in blue trace. Drilling previous to this is not shown for clarity.

Diagram

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The 2021 Growth Drilling programme is ongoing, with priorities established in North West Crescent and Northern Breccia, Eastern Breccia, South East Crescent and Breccia and new targets outside of the immediate vicinity of the Havieron deposit.

“We are very pleased with another set of excellent results which continue to highlight the world-class potential of Havieron. The latest results from the infill and growth drilling campaigns further support the delivery of an indicated mineral resource as well as the potential expansion of the Havieron gold-copper mineralised system,” said Shaun Day, the chief executive officer of Greatland Gold.

“Alongside this, the joint venture continues to advance earthmoving activities with the box cut and surface works nearing completion and the portal and decline progressing to plan. With the 2021 65,000m drilling campaign well underway and the early works programme progressing at pace, we look forward to updating the market on the continuing progress at Havieron,” he added.

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