Greatland Gold: Drilling Results Point to New Australia Target Area
October 29 2020 - 5:27AM
Dow Jones News
By Anthony O. Goriainoff
Greatland Gold PLC said Thursday that drilling results at the
Havieron deposit by Newcrest Mining Ltd. in Australia have
identified a fourth potential new target area.
Exploration activities at Havieron are operated by Newcrest
under a farm-in agreement with Greatland.
The London-listed precious and base metals miner said drilling
results highlight the potential for a new region not previously
recognized--the Eastern Breccia--and extends mineralization
externally to the ovoid-shaped crescent sulfide zone.
Exploration programs at Havieron continue, with infill drilling
to deliver an initial inferred mineral resource and step out
drilling to define the extent of the mineralized system, the
company said. It added that environmental and baseline studies to
support the potential commencement of decline at Havieron by the
end of 2020 or early 2021 are progressing.
"As Newcrest's growth-drilling program further expands the
footprint of the mineralized system at Havieron, infill drilling
has continued in order to support the estimation of an initial
inferred mineral resource from the southeast crescent and adjacent
breccia mineralization," Chief Executive Gervaise Heddle said.
Shares at 0856 GMT were up 0.88 pence, or 3.7%, at 24.38
pence
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
October 29, 2020 05:12 ET (09:12 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Newcrest Mining (ASX:NCM)
Historical Stock Chart
From Nov 2024 to Dec 2024
Newcrest Mining (ASX:NCM)
Historical Stock Chart
From Dec 2023 to Dec 2024
