Proactive Investors - Run By Investors For Investors

Greatland Gold “very excited” by latest model for Havieron project

"We are very excited by the results of the latest geophysical modelling which suggest that Havieron has the potential to represent a significantly larger mineralised system than we previously expected.”
gold
Greatland boasts "excellent recent drilling results"

Greatland Gold PLC (LON:GGP) has highlighted positive new data from the Havieron project, in the Paterson region of Western Australia.

The explorer has highlighted the details of a new geophysical model, including 3D gravity and magnetic data, which indicate there is potential for mineralisation at Havieron to extend from approximately 400m below the surface to depths in excess of 1,200.

It has outlined a large irregular shaped body, and, it defines a single, discrete, high amplitude elliptical shaped body that is steeply dipping (subvertical) toward the south-east.

READ: Greatland’s stunning gold-copper intercept at Havieron

"We are very excited by the results of the latest geophysical modelling which suggest that Havieron has the potential to represent a significantly larger mineralised system than we previously expected,” said Gervaise Heddle, Greatland chief executive.

“Our excellent recent drilling results only tested to approximately 800 metres below the surface and elevated gold and copper persisted to the end of several holes, suggesting that mineralisation continues at the depth below the current limit of drilling.”

Heddle added: "Havieron is a conspicuous 'bulls-eye' magnetic anomaly, as seen in airborne data sets.

“There are more than twenty magnetic anomalies similar to that observed at Havieron within Greatland's Paterson licences and, in light of the exceptional mineralisation at Havieron, these represent compelling regional exploration targets."

View full GGP profile View Profile

Greatland Gold PLC Timeline

Related Articles

Gold bars
November 28 2018
Panmure Gordon’s analysts noted that Ariana’s third-quarter update continued the trend of above plan production with its full-year 2018 guidance of 20,00 ounces almost reached in nine months
1542274067_Telson---Antonio-Berlanga.jpg
November 16 2018
Telson's Mexican mines are set to deliver significant growth
1552479702_Greatland-landholding-map.jpg
March 13 2019
The ongoing staking rush in Paterson is now beginning to bear fruit, for Newcrest and others

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use