Greatland Gold shares slipped in early trade on Wednesday after the company released a brief update on the ‘tremendous progress’ made at their Havieron gold discovery in Australia.
Greatland has a 30% stake in Havieron through a joint venture with Newcrest Mining.
Drilling at the Eastern Breccia and Northern Breccia areas of Havieron have yielded further high grade gold encounters including 86.0m @ 0.88g/t Au & 0.05% Cu from 2,056m and 42.0m @ 2.4 g/t Au & 0.43% Cu from 1,542m.
Greatland Gold shares were trading down 1.2% at 8.1p at the time of writing.
“Tremendous progress has been achieved in advancing the decline in recent months. The improved ground conditions has enabled record rates of advancement,” said Shaun Day, Greatland Gold Managing Director.
“Results from the growth drilling programme towards the end of 2022 continued to identify higher grade extensions to the mineralisation in the Northern Breccia and Eastern Breccia.”
“The success of the drilling programme supports the expectation for Havieron to deliver an expanded mineral resource estimate.”
