Havieron: First Drilling Campaign

RNS Number : 2909L

Greatland Gold PLC

18 April 2018

 

18 April 2018

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

Greatland Gold plc

("Greatland" or "the Company")

Greatland Gold starts first drilling campaign at Havieron

Drilling campaign at Havieron to evaluate grades of copper, gold and other elements

Further to the announcement of 14 February 2018, Greatland Gold plc (LON:GGP), the precious and base metals exploration and development Company, is pleased to announce that it has commenced its first drilling campaign at its 100% owned Havieron licence in the Paterson region of Western Australia.

The drilling campaign at Havieron includes plans for up to four vertical holes for a total of approximately 2,400 metres. Drill core obtained from this drilling campaign will be subject to several analytical methods to determine the type of mineralisation and will be tested for an extensive range of elements including gold, copper, uranium and rare earths.

Significant alteration and mineralisation intersected by Newcrest in limited historical drilling at Havieron displayed similarities to iron-oxide-copper-gold ("IOCG") style deposits, examples of which include the large Olympic Dam and Ernest Henry deposits in central and eastern Australia. Historic drill holes at Havieron were not assayed for the full range of elements.

Gervaise Heddle, Chief Executive Officer, commented: "We are very pleased to commence the 2018 Australian drilling season with Greatland's maiden drilling campaign at Havieron. The prospectivity of the Paterson region is widely recognised with several large industry participants engaged in active exploration. We believe that this drilling campaign at Havieron may further demonstrate the potential of the eastern edge of the Paterson region to host a new IOCG district in Western Australia."

Additional information on the Havieron licence and the Paterson project can be found on the Company web site at www.greatlandgold.com/projects.

 

Enquiries:

Greatland Gold PLC

Callum Baxter/Gervaise Heddle

Tel [phone]

Email:  [e-mail]

www.greatlandgold.com

SPARK Advisory Partners Limited (Nominated Adviser)

Mark Brady/Andrew Emmott/James Keeshan

Tel [phone]

SI Capital Limited (Broker)

Nick Emerson/Alan Gunn

Tel  [phone]

Luther Pendragon (Media and Investor Relations)

Harry Chathli/Ana Ribeiro/Alexis Gore

Tel [phone]

Notes for Editors:

Greatland Gold plc is London listed (LON:GGP) natural resource exploration and development company with a current focus on gold and nickel exploration projects.  

The Company has six main projects; four situated in Western Australia and two in Tasmania.  All projects are 100% owned by Greatland.  

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 precious and strategic metals and will update the market on new opportunities as and when appropriate.

 

END

 

 

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