viewGreatland Gold PLC

Greatland Gold describes latest Havieron results as 'truly spectacular' as drilling impresses again

One infill hole hit 109 metres of gold at an average grade of 6.3 grammes per tonne, which Greatland described as among the best results from the project to date

Greatland Gold PLC -

Greatland Gold PLC (LON:GGP) has described some of the latest drilling results from its Havieron gold prospect in Western Australia as ‘truly spectacular’.

One infill hole hit 109 metres (m) of gold at an average grade of 6.3 grammes per tonne (g/t), which Greatland described as among the best from the project to date.

Partner Newcrest’s latest update also reported an 82m intersection of gold and copper in a new area 220m north-west of the previous drilling.

Newcrest has nine rigs drilling currently at Havieron, said Greatland, with a maiden resource scheduled for the second half of 2020.

The Aussie major plans to drill a further 80,000m at Havieron over the next 12 months.

In a statement, Gervaise Heddle, Greatland’s chief executive said this was the eighth set of excellent data from Havieron and contained some of the best results.

"The crescent zone of high-grade mineralisation has been extended and its continuity once again improved by outstanding infill results. Meanwhile, the extension drilling programme has now commenced and early results are very promising, with step-out drill hole (HAD066) intersecting significant mineralisation 220 metres north-west of previous high-grade results, and mineralisation remaining open to the north-west and at depth," he added.

"These latest results, some of which are truly spectacular, sharpen our collective focus on the near-term objective of a maiden resource at Havieron, and further reinforce the potential to accelerate the timetable for commercial production," Heddle concluded.

Quick facts: Greatland Gold PLC

Price: 23.5 GBX

Market: AIM
Market Cap: £899.21 m

Add related topics to MyProactive

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


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...


Northern Star and Saracen merger 'marks start of next wave of gold...

Davide Bosio from Shaw and Partners says it's been a big year for Diggers and Dealers with a strong turnout - despite the closure of WA's borders. He says gold in Australia has predominantly been the theme and one of the big talking points was last week's merger between Northern Star...

2 weeks ago

2 min read