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Greatland Gold PLC

Greatland Gold sees “exceptional” results from first drill hole at Havieron

The AIM-listed gold miner said the drill assay results from HAD001 had established the presence of high-grade gold at Havieron

Hands holding gold pieces
The results highlighted potential for Havieron to represent a large mineralised system

Greatland Gold plc (LON:GGP) said its first drill hole, HAD001, at its Havieron licence in Western Australia has produced “exceptional” results.

The AIM-listed gold miner said the drill assay results from HAD001 had established the presence of high-grade gold at Havieron with a peak of 137.69g/t or 4.4 ounces per tonne of gold.

WATCH: Greatland Gold hails 'excellent' result from first drill hole at Havieron

The group added that the results highlighted the potential for Havieron to represent a very large mineralised system, with results from three other holes drilled at the project expected within the coming weeks.

Gervaise Heddle, Greatland Gold chief executive, 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.

He added: "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.”

The results follow news from last week that Greatland had kicked off a drilling programme at its Ernest Giles project which would focus on three high priority gold targets at the Meadows, Wishbone and Empress areas in addition to a nickel sulphide target at the Carnegie licence.

Quick facts: Greatland Gold PLC

Price: £0.02

Market: AIM
Market Cap: £66.9 m
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