Skip to Content
Global News Select

Greatland Says 2022 Havieron Drill Results Are Tremendous

By Jaime Llinares Taboada

 

Greatland Gold PLC said Thursday that early results from the 2022 drilling exploration program at its Havieron gold-copper project in Australia were tremendous, with high-grade mineralized extensions identified across all tested target zones.

Greatland said that drilling into the Eastern Breccia target returned a 150-meter intercept, reinforcing the potential for the system to host high-grade mineralization. In addition, the mining company said that drilling into the Northern Breccia also returned high-grade results.

Shares at 0832 GMT were down 1.1% at 13.15 pence.

Havieron is operated by Newcrest Mining Ltd., which is entitled to earn a 70% stake in the project under its joint venture agreement with Greatland.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

April 28, 2022 04:55 ET (08:55 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.