Significant visible mineralisation in first hole of new drill campaign
Greatland intersects significant visible mineralisation over 239 metres in the first hole of new drilling campaign at Havieron.
Greatland Gold has announced initial observations from the first hole of the Company’s second drilling campaign at its 100% owned Havieron licence.
Greatland’s first drilling campaign at Havieron, carried out in April-May 2018, yielded excellent results, which included 121m at 2.93g/t gold and 0.23% copper from 497m, including 11.5m at 21.23g/t gold and 0.67% copper from 568.5m (HAD001), and 21m at 3.79g/t gold 0.44% copper from 418m (HAD003).
The current drilling campaign at Havieron, which commenced on 17 September 2018, consists of up to ten core holes for a total of approximately 6,000 metres. The first drill hole of this second campaign (HAD005) has been completed (end of hole 822m) and key observations are highlighted below.
- Significant mineralisation, visibly similar to that previously intersected in HAD001, has been observed for approximately 239m in the first hole of Greatland’s current drilling campaign at Havieron (HAD005);
- Geological inspection has confirmed HAD005 has intersected mineralised brecciated calcareous limestone and sandstone with massive pyrite, chalcopyrite, pyrrhotite and quartz veining, from 458m to 577m (119m) and from 662m to 782m (120m);
- Initial observations from HAD005, in conjunction with earlier results from HAD001, suggest that Havieron may represent a very large mineralised system;
- Drilling of HAD006 has commenced and initial laboratory assay results for HAD005 are expected to be available in approximately six weeks.
While laboratory assay results for HAD005 are not available at this point, and there can be no guarantee that assay results will be similar to those of HAD001, the visible observation of 239m of mineralisation in HAD005 is considered material because it represents a visible mineralised intersection approximately twice the size of that detected in HAD001.
Gervaise Heddle, Chief Executive Officer, said, “We are very pleased to see significant visible mineralisation in the first hole of this new drill campaign, which further reinforces our view that Havieron has the potential to be a very large mineralised system. Our key priority now is to further test the extent and orientation of the mineralised zone and we look forward to providing further updates as drilling progresses.”
The Paterson project covers more than 385 square kilometres in the Paterson region of Western Australia and includes the Havieron licence, the Paterson Range East licence, and the recently acquired Black Hills licence.
Limited historical drilling was conducted by Newcrest Mining Limited (“Newcrest”) at Havieron during the 1990s and early 2000s where six holes were drilled, all of which intersected significant alteration and gold plus copper anomalism. Thick lower grade zones of gold and copper were intersected by Newcrest and gold grades within these peaked at 15.4g/t and copper to 2.5%.
In April and May of 2018, Greatland carried out its maiden drill campaign at the Havieron target with HAD001 returning 121m at 2.93g/t gold and 0.23% copper from 497m.
A regional map showing the Havieron licence area with regional targets and adjacent landholdings can be found at: http://greatlandgold.com/paterson/