Greatland Resources Limited has reported a major exploration success at its West Dome Underground project, with new drilling results pointing to a potentially significant extension of mineralisation at the Pinnacles prospect.
A standout step-out drill hole intersected 58.7 metres grading 6.5 grams per tonne (g/t) gold and 0.1% copper, including a higher-grade interval of 37.0 metres at 9.98g/t gold and 0.14% copper. The results are being viewed as highly encouraging, given both the grade and scale of the intercept.
The discovery is located around 1.2 kilometres south of the existing West Dome Underground resource, indicating that the mineralised geological structure and host stratigraphy extend much further than previously understood.
Importantly, the intersection sits only around 1.5 kilometres from existing underground infrastructure at Telfer Mine, a factor that could materially improve the economics and development pathway of any future resource expansion.
Management said the results reinforce the broader growth potential of the West Dome Underground system and support the case for further aggressive exploration across the region. Additional drilling is now planned to better define the size, continuity and orientation of the newly identified mineralisation.
The latest findings are likely to strengthen investor confidence in Greatland’s ability to expand high-grade gold resources near existing infrastructure, a combination that can significantly reduce future development costs and timelines.
