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Greatland Gold announces Havieron gold-copper project update

Published by , Editorial Assistant
Global Mining Review,


Greatland Gold plc, a mining development and exploration company with a focus on precious and base metals, is pleased to provide an exploration and development update at the Havieron gold-copper project in the Paterson region of Western Australia.

Highlights:

  • Potential for further incremental resource growth as drilling continues to identify and expand the high grade extensions to the mineralisation in the Eastern Breccia, South East Crescent Zone and Northern Breccia.
  • Exploration drilling is underway to test regional geophysical targets outside of the main Havieron system on the Havieron mining lease.
  • Development of exploration decline with 916 m complete and record daily rates of advancement achieved.
  • Technical work to support the development of the feasibility study continued during the quarter. While the study remains in progress, it will be extended beyond the 4Q22 to allow further time to maximise value and de-risk the project.

Shaun Day, Managing Director of Greatland Gold plc, commented:“

"The growth drilling programme at Havieron continues to deliver outstanding results as high-grade extensions to the mineralisation are identified across the expanse of the ore body.

“New intersections between the South East Crescent and the Eastern Breccia increases the potential for a continuous high-grade mineralised zone linking these two previously separate areas.

“It is particularly pleasing to observe the acceleration in the advancement of the decline, which provides increasing confidence of the project being delivered on schedule.

“The Havieron feasibility study will be extended with a view to maximise value and further de-risking the project as our understanding of the Havieron ore body continues to evolve.

“The ongoing drilling programme and advancement of the decline are complemented by Greatland’s strengthened balance sheet position and augmented expertise within our board of directors.”

Read the article online at: https://www.globalminingreview.com/exploration-development/27102022/greatland-gold-announce-havieron-gold-copper-project-update/

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This article has been tagged under the following:

Australian mining news Copper mining news Gold mining news