Greatland Gold plc, a precious and base metals exploration and development company, has provided an update on the activities of Newcrest Operations Ltd (Newcrest) at Greatland’s Havieron gold-copper project in the Paterson region of Western Australia.
In March 2019, Greatland signed a farm-in agreement with Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest Mining Ltd, to explore and develop Greatland’s Havieron gold-copper project in the Paterson region of Western Australia. Newcrest has the right to acquire up to a 70% interest in a 12 block area within E45/4701 that covers the Havieron target (the Havieron project) by spending up to US$65 million.
Newcrest has commenced a native title heritage survey of the Havieron project within E45/4701. Newcrest expects to commence the construction of a field camp at Havieron in mid-May, with drilling to commence shortly after. The initial drill programme comprises approximately 10 000 m of drilling with the aim to define the extent of the mineralisation along strike and at depth, testing the system to a depth of 1000 m below surface.
Once Newcrest commences work at Havieron, Greatland expects to continue to receive regular updates from Newcrest and will announce drill results and all other material exploration information as it is received.
Gervaise Heddle, CEO of Greatland Gold, commented: “We are very pleased with the thorough and extensive work that has been completed by Newcrest in preparation for field activities at Havieron. We look forward to keeping shareholders fully updated as Newcrest moves forward with its drilling programme which is expected to commence within the next few weeks.”
Read the article online at: https://www.globalminingreview.com/exploration-development/30042019/greatland-gold-shares-update-on-newcrests-activities-at-havieron/