Greatland Gold: Newcrest Finds New Mineralized Zone at Havieron Deposit
23 July 2020 - 7:18PM
Dow Jones News
By Jaime Llinares Taboada
Greatland Gold PLC said Thursday that a new zone of high-grade
mineralization has been found at its Havieron gold-and-copper
deposit in Australia.
The AIM-listed miner said that drilling results to date at
Havieron continue to support exploration and highlight the
potential scale of the deposit.
The current drilling campaign is being conducted by Newcrest
Mining Ltd. This Australian listed company has earned a 40%
interest in the project under a farm-in agreement with Greatland,
which can be expanded by up to 70% by spending up to $65
million.
At 0846 GMT shares in Greatland were down 1.0% at 14.75 pence
and shares in Newcrest were up 1.9% at AUD34.79.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
July 23, 2020 05:03 ET (09:03 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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