Greatland Gold establishing new targets outside of Havieron deposit
Greatland Gold (AIM:GGP) reported on Thursday “outstanding” results from the company’s Havieron deposit in the Paterson region of Western Australia.
In addition, the company confirmed its JV partner, Newcrest, is on track with its growth programme for the coming year at Havieron with 65km of drilling up to 30 June to test potential extensions to the resource shell.
The company’s best results include 196.1 metres at 1.7 grammes a tonne (g/t) gold and 0.28% copper from a depth of 545.9 metres and 97 metres at 3.9g/t gold and 0.50% copper. Another of the drill results showed 169.5 metres at 3.4g/t gold and 0.33% copper, including 3.1 metres where the gold grade was as high as 95g/t.
Greatland Gold announced via a statement that its latest high-grade drilling results “provide additional confidence of both geological and grade continuity within the existing resource shell”.
The results support the delivery of an Indicated Mineral Resource estimate in the South East Crescent Zone and adjacent Breccia Zones.
The AIM-listed company also established priorities for its 2021 drilling programme.
The growth drilling programme will initially focus on the North West Crescent and Northern Breccia zone and is aimed at providing support for the potential expansion of the existing Inferred Mineral Resource estimate.
In the Eastern Breccia Zone, drill testing and interpretation of the geological and mineralisation controls is ongoing.
Greatland Gold is targeting potential resource definition of extensions below the existing resource shell and lateral extensions adjacent to the existing high-grade resource shell in the South East Crescent and Breccia Zone.
New targets outside of the immediate vicinity of the Havieron deposit, but within the Havieron Joint Venture area, have been identified with the potential to conduct drill testing of these targets in the future.
Shaun Day, Chief Executive Officer of Greatland Gold, commented on the results:
“We are pleased to once again observe high grades of gold and copper at extensive widths, with all drill holes intercepting mineralisation. The results are outstanding and further highlight the world-class potential of Havieron. Additionally, these results layer onto existing data to further increase our confidence in the continuity of higher-grade mineralisation and support the delivery of an Indicated Mineral Resource estimate,” said Day
“Alongside this, Newcrest is on track to push forward with an exciting 2021 growth drilling programme. We are yet to define the full size of Havieron and, subject to further exploration success, this programme has the potential to significantly expand the mineralised footprint.”
“We look forward to a busy and exciting period over the next few months in the Paterson with growth drilling and early works programmes continuing apace at Havieron and the Juri JV commencing exploration activities.”
Greatland Gold announced its interim results for the six months ended 31 December 2020 on Tuesday.