Gervaise Heddle, Chief Executive Officer 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.”
Update on Newcrest’s activities at Havieron
Greatland Gold plc (AIM: GGP), the precious and base metals exploration and development company, is pleased to provide an update on the activities of Newcrest Operations Limited (“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 Limited (ASX:NCM), 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$65m.
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 metres of drilling with the aim to define the extent of the mineralisation along strike and at depth, testing the system to a depth of 1,000 metres 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.
Notes for Editors:
Greatland Gold plc is London listed (LON:GGP) natural resource exploration and development company with a current focus on gold, copper and nickel exploration projects.
The Company has six main projects; four situated in Western Australia and two in Tasmania. All projects are 100% owned by Greatland.
In March 2019, Greatland signed a Farm-in Agreement with Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM), 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 by spending up to US$65m.
Greatland is seeking to identify large mineral deposits in areas that have not been subject to extensive exploration previously. It is widely recognised that the next generation of large deposits will come from such under-explored areas and Greatland is applying advanced exploration techniques to investigate a number of carefully selected targets within its focused licence portfolio.
The Company is also actively investigating a range of new opportunities in precious and strategic metals and will update the market on new opportunities as and when appropriate.
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