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 firstname.lastname@example.org; @JaimeLlinaresT
(END) Dow Jones Newswires
April 28, 2022 04:55 ET (08:55 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.