Operational highlights
The Company made significant progress in the first six months of the financial year, consolidating its reputation as one of the most successful operators in the Paterson region of north-western
Havieron delivers initial Mineral Resource estimate and accelerates development
Initial Inferred Mineral Resource estimate of 52Mt @ 2.0g/t Au, 0.31% Cu or 2.5g/t AuEq for 3.4Moz Au, 160Kt Cu or 4.2Moz AuEq1, with mineralisation open outside of the resource shell and potential to grow the resource over time
Commenced preparation for the construction of the box cut and decline with
Four successive sets of excellent, high-grade results from
Best intercept to date: infill drilling returns further high-grade results, including the best intercept to date, 120.7m @ 9.3g/t Au and 0.18% Cu from 1349.3m (HAD065W2)
Juri JV - Second joint venture signed with
Entered into a farm-in and joint venture agreement with
Two-stage farm-in over five years, including a
Advancing strategy to discover potential Tier-1 gold-copper deposits in the Paterson
Multiple new targets identified at Scallywag and first three drill holes intersect prospective target lithologies and pathfinder element anomalism
Expanding exploration footprint in the Paterson with Rudall licence application and new Canning licence application (post-period)
The gold equivalent (AuEq) is based on assumed prices of
'At Havieron, additional mineralised zones were identified and further drilling returned the best intercept recorded to date. This gives us great excitement for the significant, 65,000m growth drilling programme now underway. It is an affirmation of the quality of our projects and our team that
'Looking ahead, Greatland has three elements it is actively progressing in the Paterson region and these will be the focus as we enter the 2021 exploration season. Alongside the potential for rapid development at Havieron,
'Greatland is well capitalised and in a strong operational position to execute our strategy as we assess new opportunities to build a multi-asset company of significant scale.'
Contact:
Tel: +44 (0)20 3709 4900
Email: info@greatlandgold.com
Web: www.greatlandgold.com
Notes for Editors
The Company's flagship asset is the world class Havieron gold-copper deposit in the Paterson region of
The box cut and decline to develop the Havieron ore body was commenced in
The Joint Venture Agreement includes tolling principles reflecting the intention of the parties that, subject to a successful exploration program and feasibility study and a positive decision to mine, the resulting joint venture mineralised material will be processed at Telfer, located 45km west of Havieron.
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
(C) 2021 Electronic News Publishing, source