Greatland Gold hails “excellent” drilling results at flagship Havieron project By Investing.com

By Samuel Indyk

Investing.com – Greatland Gold, the metals exploration company, has announced “excellent” growth drilling results at its flagship Havieron asset. The asset is held in joint venture with Australian miner Newcrest Mining.

The AIM-listed company said drilling activities since the last report include new results from the Growth Drilling programme, which continue to support the potential for resource expansion.

Assay results for four new drilling holes from the programme have been received with all holes intersecting “significant” mineralisation.

“We are very pleased with another set of excellent results which continue to highlight the world-class potential of Havieron,” said Greatland Gold (LON:GGPL) CEO Shaun Day. “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.”

The company also said that the box cut is now 90% complete and surface works are 85% complete. Newcrest is progressing the necessary approvals and permits required to comments the development of an operating underground mine.

Greatland said work continue to investigate the potential to achieve commercial production at Havieron within three years of the commencement of the decline.

“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,” Day added.

“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.”

At 09:40BST, Greatland Gold shares were trading lower by 4.4% at 22.183 pence per share.