Further Encouraging Drill Results and New Drilling Campaign at Havieron
Greatland Gold has announced a new drilling campaign at its 100% owned Havieron licence following encouraging results from the final three holes of the Company’s first drill programme at Havieron.
The new drill programme at Havieron includes up to ten core holes for a total of approximately 6,000 metres of drilling. The programme is scheduled to commence during September 2018 and is anticipated to last 10 weeks.
As stated in the announcement of 25 June 2018, results from Greatland’s initial drill hole (HAD001) were exceptional and established a zone of high-grade gold mineralization including 11.5m at 21.23g/t gold and 0.67% copper from 568.5m. Today’s announcement presents encouraging results from the three last holes (HAD002, HAD003 and HAD004) of the drilling campaign.
- Results from final three holes further demonstrate the potential for Havieron to represent a very large mineralised system with robust intervals including:
- HAD003 –21m at 3.78g/t gold and 0.44% copper from 418m, including 1m at 29.12g/t gold and 0.4% copper from 428.5m;
- HAD002 – 1m at 5.9g/t gold and 0.24% copper from 443m and 2m at 5.44g/t gold from 488m;
- HAD003 was drilled 100 metres north-west from previously reported HAD001, and results from HAD003 further highlight the potential size of the high grade mineralised zone at Havieron;
- Elevated gold and copper results persisted to end of all holes suggesting the mineralisation continues at depth;
- Drill holes HAD002 and HAD004 appear to be on the periphery of the high-grade zone at Havieron and grades increased with depth in all holes;
- New drill campaign at Havieron includes plans for up to ten core holes to 600 metres each for a total of approximately 6,000 metres to further determine the extent and the direction of the high-grade zone of mineralisation at Havieron;
- New drill programme to start during September 2018 and is expected to take 10 weeks to complete.
Gervaise Heddle, Chief Executive Officer, stated “We are delighted by the results from the first programme which demonstrate the potential of Havieron to host a large mineralised system. The results have provided us with a high degree of confidence to commit to additional work which is designed to further outline the extent of high-grade mineralisation.
“We are further encouraged by Rio Tinto’s application for an exploration licence adjacent to Greatland’s Havieron licence soon after we disclosed exceptional results from our first drill hole. We look forward to keeping the market updated on our progress.”