logo-loader
viewGreatland Gold PLC

Greatland Gold ends six months to December well positioned to follow-up on exploration success

Greatland has a world class intercept to follow up on and the cash in the bank to do it

1551695865_Gold-bar-plus-nugget.jpg
Greatland's exploration expertise is beginning to yield results

Greatland Gold PLC (LON:GGP) finished the six months to December 2018 with approximately £4mln in cash.

This money will be used to continue with exploration work across the company’s Australian assets, including follow-up work on Havieron, where Greatland drilled a world-class intercept of 275 metres grading 4.77grams gold and 0.61% copper.

WATCH: Greatland Gold's Havieron has potential to be multi-commodity project of 'significant scale'​

Work on the Black Hills, Ernest Giles and Firetower projects will also continue.

"It has been a very significant first half of the year for Greatland, characterised by strong progress across our key projects,” said chief executive Gervaise Heddle.

“Most notably, we recorded exceptional drilling results in the Paterson, making clear the potential for Havieron to become a large-scale underground mining operation. We have also added financial stability through a successful fundraising and the company is well capitalised to sustain our momentum in the second half of the year.

He added that Greatland might be on the look-out for more assets too, with the potential to become “large multi-million ounce deposits.”

Drilling at Havieron will recommence shortly.

Quick facts: Greatland Gold PLC

Price: 11.37 GBX

AIM:GGP
Market: AIM
Market Cap: £421.24 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Greatland Gold PLC named herein, including the promotion by the Company of Greatland Gold PLC in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Gold producers and 'favoured explorers' enjoying continued strong run

Mining Capital's Alastair Ford discusses the continued strength of the gold price. ''Gold has been one of the big winners out of the coronavirus crisis ... everyone can see there's more money being printed because of the massive economic uncertainty and in the medium term President Trump is...

2 weeks, 1 day ago

2 min read