Greatland Gold begins drilling at Havieron

The programme includes plans for the drilling of four vertical holes to a depth of approximately 2,400 metres, with several analytical methods to be applied to drill cores obtained with a view to determining the type of mineralisation present.

Historic drill results at the site have not been assayed for a full range of elements.

However, mineralisation intersected by Newcrest at the Havieron licence displayed similarities to iron-oxide-copper-gold deposits such as the Olympic Dam and Ernest Henry deposits in central and eastern Australia.

Despite this encounter of the six historical holes at the site only two intersected the primary target and those two holes intersected only the very top of the mineralised system.

Gervaise Heddle, chief executive of Greatland Gold, said: “The prospectivity of the Paterson region is widely recognised with several large industry participants engaged in active exploration. We believe that this drilling campaign at Havieron may further demonstrate the potential of the eastern edge of the Paterson region to host a new IOCG district in Western Australia.”

As of 1147 BST, Greatland Gold’s shares were up 1.80% at 0.57p.