The Company notes the release of an ASX announcement titled 'Exploration Update' by
Drilling activities since the last report include new results from the ongoing Growth Drilling programme, which continue to support the potential for resource expansion of the Havieron system.
The latest results consist of seven new drill holes from the Growth Drilling programme.
Highlights
Excellent results from Growth Drilling continue to support the potential for resource expansion within the Havieron gold-copper mineralised system
High-grade intercepts below the
HAD133 returned 85m @ 11g/t Au & 0.29% Cu from 1345m, including 13m @ 32g/t Au & 0.46% Cu from 1363m, and 14.5m @ 32g/t Au & 0.33% Cu from 1396.5m1.
Additional mineralisation identified in
New drill intercepts from within the 2020 Initial Inferred Mineral Resource shell support geological and grade continuity
Additional high-grade South East Crescent intercepts from within the
These results support the delivery of an Indicated Mineral Resource estimate in the
2021 Growth Drilling is progressing into FY22
North West Crescent and Northern Breccia: Growth Drilling continues to focus on the North West Crescent and Northern Breccia zone and aimed at providing support for the potential expansion of the existing Inferred Mineral Resource Estimate.
Eastern Breccia: Drill testing and interpretation of the geological and mineralisation controls of the
South East Crescent and Breccia: Targeting potential resource definition of extensions below the existing resource shell and lateral extensions adjacent to the existing high-grade resource shell.
New Targets: New targets outside of the immediate vicinity of the Havieron deposit, but within the Havieron Joint Venture area, have been identified with the potential to conduct drill testing of these targets in the future.
Early Works Underway: As previously announced, surface earthworks are largely complete, with the box cut complete and decline development commenced: Excavation of the box cut commenced on
Commencement of the underground decline access, from the base of the box cut, was announced on the
The Joint Venture is progressing the necessary approvals and permits for the development of an operating underground mine (subject to a successful exploration program, feasibility studies, market and operating conditions, board approvals and a positive decision to mine).
Work continues to investigate the potential to achieve commercial production at Havieron within three years of the commencement of the decline.
'Development on site continues at pace with surface earthworks nearing completion and the underground decline underway. As the Joint Venture progresses, ongoing exploration continues to enhance the potential scale of the gold-copper mineralised system at Havieron.'
Analytical results for new drilling from HAD086W1, HAD089W1, HAD096W1, HAD097W3, HAD106W2, HAD133, and HAD136 have been received and are announced today. The results reported here are from seven new drill holes comprising 5,757m of drilling completed since
Contact:
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Email: info@greatlandgold.com
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Background to Havieron and Joint Venture Agreement with
The Joint Venture Agreement includes tolling principles reflecting the intention of the parties that, subject to a successful exploration programme, Feasibility Study and a positive decision to mine, the resulting joint venture mineralised material will be processed at
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