Greatland Gold Reports Exploration Progress at Havieron Deposit in Australia
By Jaime Llinares Taboada
Greatland Gold PLC said Thursday that recent drill results
confirmed the continuity of high-grade mineralization within the
South East Crescent and Breccia areas of its Havieron deposit in
The London-listed miner said mineralization is open at depth
providing support for a potential expansion of the Havieron gold
Greatland's partner and project operator Newcrest Mining Ltd.
has scheduled a 2021 exploration program for around 65,000 meters
of drilling within the next six months.
Shares in Greatland at 0822 GMT were up 1.1 pence, or 4.1%, at
Newcrest has earned a 60% interest in the joint venture, whereas
Greatland holds the remaining 40% stake. Newcrest can earn up to a
70% interest upon total expenditure of $65 million and achievement
of exploration milestones.
Write to Jaime Llinares Taboada at firstname.lastname@example.org;
(END) Dow Jones Newswires
January 28, 2021 03:46 ET (08:46 GMT)
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