Greatland Gold (GGP) has confirmed that Havieron has even better than expected potential for a bulk tonnage mining operation as one of the world’s largest gold miners shown excellent drilling results.
Newcrest (a £13.6bn dollar company listed on ASX and partner on the project) released a ‘quarterly exploration report’ in reference to Greatland’s Havieron deposit in the Paterson region of Westen Australia that shown the best intercept to date as well as a potential new Eastern Breccia target.
As part of its next steps, the miner will continue to investigate potential to achieve commercial production.
Commenting on the success of the drilling programme by Newcrest, Gervaise Heddle, CEO of Greatland Gold commented:
“Exploration at Havieron has now identified four key target regions, including the new Eastern Breccia, which was identified by two of the step-out drill holes reported today. Importantly, the footprint of Havieron continues to expand and breccia mineralisation has now been identified outside of the ovoid-shaped Crescent sulphide zone to the east, north-west and south-east.
“As Newcrest’s growth drilling programme further expands the footprint of the mineralised system at Havieron, infill drilling has continued in order to support the estimation of an initial Inferred Mineral Resource from the South East Crescent and adjacent breccia mineralisation. We look forward to the delivery of the initial Inferred Mineral Resource from this zone before the end of the year as further drilling continues to define the full extent of the Havieron system.
Shares in GGP have been one of the stand-out success stories of 2020. ShareBuyers’ recently spoke to CEO Gervaise Heddle who provided an overview of the growth prospects of Greatland Gold and why there is more in the pipeline beyond the ever-promising Havieron project.