Greatland Announces Exceptional Results from First Drill Hole at Havieron
Selected HAD001 results: 121m at 2.93g/t gold and 0.23% copper from 497m,
including 11.5m at 21.23g/t gold and 0.67% copper from 568.5m,
including bonanza grade intervals 0.5m at 137.69g/t gold and 1.8% copper from 573m,
and 0.5m at 100.15g/t gold and 4.1% copper from 575.5m
Further to the announcements of 14 February 2018 and 18 April 2018, Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is delighted to announce exceptional laboratory assay results from the Company’s first drill hole (HAD001) at its 100% owned Havieron licence in the Paterson region of Western Australia.
· Exceptional drill assay results from Greatland’s first drill hole (HAD001) at Havieron establish the presence of high grade gold (peak 137.69g/t or 4.4 ounces per tonne) within the mineralised zone and highlight the potential for Havieron to represent a very large mineralised system;
· Laboratory assay results for first drill at Havieron (HAD001) include 121m at 2.93g/t gold (Au) and 0.23% copper (Cu) from 497m to 618m including;
o 2m at 4.82g/t Au and 0.95% Cu from 497m;
o 2m at 5.45g/t Au and 1.14% Cu from 508.5m;
o 1m at 15.60g/t Au from 535m;
o 11.5m at 21.23g/t Au and 0.67% Cu from 568.5m including;
§ 2.5m at 35.20g/t Au and 0.69% Cu from 571.5m including;
· 0.5m at 137.69g/t Au and 1.84% Cu from 573m
§ 3m at 19.96g/t Au and 0.87% Cu from 574.5m including:
· 0.5m at 100.15g/t Au and 4.11% Cu from 575.5m
§ 2m at 40.63g/t Au and 0.66% Cu from 578m including
· 0.5m at 90.52g/t Au and 0.74% Cu from 578.5m, and
· 0.5m at 63.55g/t Au and 0.34% Cu from 579.5m;
o 8m at 3.45g/t Au and 0.13% Cu from 598m.
· Elevated gold and copper results persisted to end of hole suggesting the mineralisation continues at depth, which is supported by the results of forward modelling of detailed geophysical data (see announcement dated 14 February 2018);
· First drilling campaign at Havieron comprised four vertical core holes for a total of approximately 2,400 metres, results for three remaining holes (HAD002, HAD003 and HAD004) are pending and are expected to be available within the coming weeks.
Gervaise Heddle, Chief Executive Officer, commented: “We are delighted by these initial results from our first drilling campaign at Havieron. We believe that these results begin to demonstrate the large scale of Havieron and the potential for Havieron to host zones of high grade gold and copper.
“Momentum is building up for us as we see positive results from our stated strategy of focusing and progressing with our target projects. In addition to today’s news, we had the rapid discovery of gold nuggets within the first days of our maiden exploration campaign at Black Hills and we started our drilling campaign at Ernest Giles. We look forward to providing further updates to investors.”
The Paterson project covers more than 385 square kilometres in the Paterson region of Western Australia and includes the Havieron licence, the Paterson Range East licence, and the recently acquired Black Hills licence.
Limited historical drilling was conducted by Newcrest Mining Limited (‘Newcrest’) at Havieron during the 1990s where six holes were drilled, all of which intersected significant alteration and gold plus copper anomalism. Thick lower grade zones of gold and copper were intersected by Newcrest and gold grades within these peaked at 15.4g/t and copper to 2.5%.
In April and May of 2018, Greatland carried out its maiden drill campaign at the Havieron target, completing four vertical core holes for a total of approximately 2,400m of drilling. Greatland’s drill locations were designed to intersect the mineralised system at Havieron near to historical drill holes HAC9101 and HAC9201 (Newcrest’s historic drill holes HAC9101 and HAC9201 were drilled to depths of 533m and 528m respectively).
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