Greatland Gold reveals 'exceptional' results from Havieron drill programme

Base metals exploration and development company Greatland Gold has turned in "exceptional" laboratory assay results from its first drill hole on the Havieron licence in Western Australia.

HAD001, Greatland's maiden drill hole at its 100% owned asset in the Paterson region of WA, established the presence of high-grade gold, peaking at 137.69 grams per tonne, within the mineralised zone and highlighted the site's potential for a "very large mineralised system".

Greatland's drilling campaign, which comprised of four vertical core holes for a total of approximately 2,400m, also revealed that elevated gold and copper results persisted to the end of the hole, suggesting mineralisation continued at depth.

Gervaise Heddle, Greatland's chief executive officer, said, "We believe that these results begin to demonstrate the large scale of Havieron and the potential for Havieron to host zones of high-grade gold and copper."

"Momentum is building up for us as we see positive results from our stated strategy of focusing and progressing with our target projects. In addition to today's news, we had the rapid discovery of gold nuggets within the first days of our maiden exploration campaign at Black Hills and we started our drilling campaign at Ernest Giles," she added.

As of 0830 BST, Greatland shares had shot up 26.43% to 1.44p.