Greatland Gold upbeat on 'exceptional' lab results from Havieron

Precious and base metals exploration and development company Greatland Gold announced “exceptional” laboratory assay results from its first drill hole, HAD005, on its current campaign at the 100%-owned Havieron licence in the Paterson region of Western Australia on Monday.

The AIM-traded firm said the highlights included a total combined intercept of 275m at 4.77g/t gold and 0.61% copper.

That came from an an upper zone of 118m at 3.08g/t gold and 0.84% copper from 459m to 577m, including 11.5m at 6.23g/t gold and 2.49% copper from 462.5m; and 7.5m at 32.83g/t gold and 1.20% copper from 482m.

It also came from a lower zone of 157m at 6.04g/t gold and 0.44% copper from 660m to 817m, including 113m at 8.30g/t gold and 0.61% copper from 663m; 5.5m at 16.62g/t gold and 0.91% copper from 663m; and 38m at 20.17g/t gold and 0.82% copper from 700m.

Greatland said the upper and lower zones were separated by an unmineralised mafic intrusion from 577m to 660m.

It said the results “significantly” extended the known high-grade mineralisation established in the first drilling campaign, and established new peak grades for the mineralised system, including peak gold of 211.30g/t - previously 137.69g/t - and peak copper of 8.45% - previously 4.11%.

Multiple notable high-grade intervals in both upper and lower zones included 0.5m at 64.1g/t gold and 5.38% copper from 464.5m, 0.5m at 202.76g/t gold and 0.83% copper from 486.5m, 0.5m at 211.3g/t gold and 3.56% copper from 487.5m, 1m at 97.65g/t gold and 8.45% copper from 702m, and 4m at 103.82g/t gold and 0.86% copper from 713m.

“We are thrilled by these truly spectacular results which further demonstrate the exceptional potential of Havieron,” said Greatland Gold chief executive officer Gervaise Heddle.

“These stunning results represent a world class intersection as measured by total mineralisation in one drill hole in excess of 1,500 metre grams gold equivalent.

“Elevated gold and copper results persisted to end of hole suggesting the mineralisation continues at depth below the current limit of drilling, which is supported by the results from forward modelling of detailed geophysical data.”

Heddle said the “remarkable” peak gold and copper grades of 211.3gt/t and 8.45% respectively were “significantly higher” than in previous drilling, adding that importantly, the company had seen significant widths of copper well in excess of 0.5%.

“The results from HAD005 are just the first in our current campaign at Havieron and we look forward to updating shareholders on our continued progress.”