UK company Greatland Gold has announced the significant expansion of its Havieron gold and copper project in WA, along with high grade gold and copper intercepts taken from the site.
Total development of Havieron now exceeds 2400 metres, including over 1700 metres of main access decline, which is the primary access tunnel to the underground mine.
Six holes were drilled at the project in May at the South East Crescent prospect, yielding promising intercepts of gold and copper, including instances of over 50-gram metres of gold. Work is underway to incorporate these results into future mineral resources estimates to support the ongoing feasibility study.
“We continue to be very pleased with the ongoing progress of the Havieron development,” Greatland managing director, Shaun Day, said.
“Our most recent drilling affirms the impressive widths and high-grade nature of the South East Crescent.
“The Havieron team is focused on incorporating these impressive results into an optimised Feasibility Study.”
Greatland co-owns the Havieron project with Newcrest, which owns 70 per cent of the Joint Venture. The project is located 45km from Newcrest’s Telfer mine in WA.
Greatland Gold is quickly making a name for itself in the Australian mining industry. The company has been increasingly active since cross-listing on the ASX in May.
As part of the company’s objective to be listed on the ASX, Greatland is evaluating a corporate reorganisation. This would involve the Greatland Group sitting under a new parent company incorporated in Australia.
And just this month, the company divested two of its Tasmanian assets – the Firetower and Warrentinna tennements – to Flynn Gold.