A total of 194,456m of drilling from 230 drill holes has been completed since Newcrest commenced exploration activity
Greatland Gold (LON:GGP) has reported ‘excellent growth drilling results’ from its Havieron gold-copper deposit in the Paterson region of Western Australia.
New growth drilling results outside initial resource area include:
- 133m @ 7.0g/t Au & 0.05% Cu – HAD133W1
- 29.1m @ 9.7g/t Au & 0.29% Cu – HAD140
- 87m @ 1.8g/t Au & 0.05% Cu – HAD141
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 system.
The latest results comprise assays for twelve new drill holes from the Growth Drilling programme (not previously reported), with six holes returning significant assay intercepts in excess of 100 gram metres Au (Au ppm grade x length metres) with HAD133W1 at 133m @ 7.0g/t Au & 0.05% Cu for 945 gram meters being a top four Havieron intercept, and all holes intersecting mineralisation.
A further 18 holes have been completed and await assays, anticipated to be received and reported in the next update.
A total of 194,456m of drilling from 230 drill holes has been completed since Newcrest commenced exploration activity (excluding holes in progress or drill holes which have not been sampled).
Shaun Day, Chief Executive Officer of Greatland Gold, commented: “The Growth Drilling campaign at Havieron continues to deliver excellent results with significant intercepts of high-grade gold and copper outside the existing resource shell. These assay results have once again extended known mineralisation below the main South East Crescent zone and to the north-west in the Northern Breccia, adding further scale and value to the Havieron orebody.”
“With nearly 200,000 metres of drilling now completed, including extensive Growth Drilling in recent months, we have significantly enhanced our understanding of the orebody and the likelihood of delivering an upgrade to the Mineral Resource Estimate in the near-term.”
“Early works for the mine development are progressing to plan with the decline now advanced to over 120 metres from the Portal towards the top of the orebody.”
“The pace of construction activities and surface infrastructure at Havieron is intended to expedite future mining operations, enabling early free cash flows to be re-invested into further development. This supports our belief that the low-risk profile of Havieron makes it a globally unique opportunity for bringing a tier-one gold-copper mine into production.”
The Greatland Gold share price is down by 0.027% during the morning session on Thursday.