Greatland Gold in demand as drilling at Havieron confirms world class potential

Greatland Gold PLC has a portfolio of six high-potential projects in Western Australia and Tasmania which are renowned for being low risk jurisdictions.

(, ) said recent drilling at the Havieron gold project in Western Australia unearthed the best intercept yet.

The intercept, beneath the existing South Crescent resource, was over a width of 102.4m at a grade of 10 g/t gold and 0.66% copper.

Greatland added it was one of a number of “tremendous high-grade intercepts’ released within the latest quarterly drilling report by partner Newcrest, which is undertaking the exploration at Havieron in return for a 70% stake.

The latest results comprised 22 new drill holes from the Infill and growth drilling programmes plus 11 holes previously reported, said the AIM-listed group.

(, ) said its Juri joint venture will advance to Stage 2 and that partner Newcrest Mining Ltd could increase its total investment from A$3mln to A$20mln (GBP11mln), marking a significant expansion of the exploration programme following a successful initial 2021 drilling campaign.

The Juri JV comprises the Paterson Range East and Black Hills licences in the highly prospective Paterson region of Western Australia.

(, ) could become the second lowest cost gold company globally, according to the parameters set out by a pre-feasibility study just released.

The study investigated the potential of the first 14mln tonnes of the South-East Crescent Zone, and as such represents only the beginnings of the economic modelling to be done at Havieron.

It’s a measure of the uniqueness of (, ) as an exploration company that is share price was broadly flat after it announced a new 120 metre mineralized intercept at its Havieron project in Australia with grades running at 10 grams per tonne gold and significant additional copper.

If it had been any other company, such a result would have set the market on fire.

Greatland Gold PLC (AIM:GGP, OTC:GRLGF, FRA:G8G)’s first results from its Juri joint venture in the Paterson province in Western Australia has made an encouraging start with gold identified in assays from the first four holes.

SP Angel noted that the initial drilling at Juri intersected gold mineralisation at both the Saddle Reef and Goliath targets.

Newcrest is again Greatland’s partner in the exploration programme, the same combination that is developing the huge gold find at Havieron also in the Paterson region.

Greatland Gold’s CEO Shaun Day discusses with Proactive the Stage 1 PFS results for the Havieron gold-copper deposit in the Paterson region of Western Australia. He says the study of the South-East Crescent reflects the ‘staged approach’ to the evaluation and development of Havieron and does not consider bulk mining methods. Day adds that the study covers just a small fraction of the resource and the broader mineralised breccia system but is a ‘tremendous’ first step towards creating a mine and unlocking their understanding and the value of Havieron.