Havieron Project – Drilling Update
In this studio interview conducted today in London, UK. Gervaise answers the questions that shareholders are asking, why the markets have not picked on yesterdays announcement and what his thoughts are for the company in the near future.
Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, announces initial observations from the first hole of the Company’s second drilling campaign at its 100% owned Havieron licence.
Gervaise Heddle, Chief Executive Officer, commented: “We are very pleased to see significant visible mineralisation in the first hole of this new drill campaign, which further reinforces our view that Havieron has the potential to be a very large mineralised system. Our key priority now is to further test the extent and orientation of the mineralised zone and we look forward to providing further updates as drilling progresses.”
· Significant mineralisation, visibly similar to that previously intersected in HAD001, has been observed for approximately 239m in the first hole of Greatland’s current drilling campaign at Havieron (HAD005);
· Geological inspection has confirmed HAD005 has intersected mineralised brecciated calcareous limestone and sandstone with massive pyrite, chalcopyrite, pyrrhotite and quartz veining, from 458m to 577m (119m) and from 662m to 782m (120m);
· Initial observations from HAD005, in conjunction with earlier results from HAD001, suggest that Havieron may represent a very large mineralised system;
· Drilling of HAD006 has commenced and initial laboratory assay results for HAD005 are expected to be available in approximately six weeks.
While laboratory assay results for HAD005 are not available at this point, and there can be no guarantee that assay results will be similar to those of HAD001, the visible observation of 239m of mineralisation in HAD005 is considered material because it represents a visible mineralised intersection approximately twice the size of that detected in HAD001.
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