By Oliver Griffin

Greatland Gold PLC (GGP.LN) said Thursday that drilling by Newcrest Mining Ltd. (NCM.AU) at its Havieron project in Australia has found high-grade mineralization.

The mining company said the best results included a 45-meter interval with a grade of 7.1 grams of gold a ton and 0.08% copper, and a 96.4-meter interval with a grade of 4.5 grams of gold a ton and 0.14% copper.

In March the company signed a farm-in agreement with Newcrest Operations Ltd., a wholly owned subsidiary of Newcrest, to explore the Havieron project. Newcrest can acquire up to a 70% interest in a 12-block area that covers the project by spending $65 million.

Shares at 1043 GMT were up 1.6% at 1.86 pence.

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

(END) Dow Jones Newswires

October 24, 2019 07:02 ET (11:02 GMT)

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