Greatland Gold reports further positive progress at Havieron

Greatland Gold updated the market on drilling at the Havieron gold-copper project in the Paterson region of Western Australia on Thursday, reporting that the latest results comprised 24 new drill holes, including 20 infill holes and four ‘growth drilling’ holes.

The AIM-traded firm said “significant” mineralisation was reported in 19 of the new holes.

It said the Havieron joint venture had now completed 219,561 metres of drilling from 266 holes, with all of the latest completed holes continuing to intersect mineralisation.

A further 10 drill holes had been completed and were awaiting assay, with the joint venture targeting 90,000 metres of growth drilling to 30 June 2022.

“The drill programme at Havieron consistently delivers high grade results and intersects significant mineralisation which continues to support a significant upgrade of the inferred mineral resource to an indicated mineral resource,” said chief executive officer Shaun Day.

“This latest drilling demonstrates continuity within the South East Crescent and together with significant assay intercepts running into the broader mineralized zonation.

“In addition, we have intercepts over 250 metres below the existing South East Crescent mineral resource, which demonstrates the opportunity to further expand the ore body.”

Day said that, heading towards 2022 all drill programmes would be focused on growth, including new targets outside the known Havieron system, with drill testing starting at Havieron North and Zipa while the company awaited the assay results of the initial drilling into those targets.

“With eight drill rigs operational, construction activities advancing and potential for significant upside for the scale and life of Havieron, there continues to be tremendous progress in the development of this world class project.”

At 1436 GMT, shares in Greatland Gold were up 7.89% at 14.35p.