Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Greatland Gold said partner Newcrest Mining had gleaned 'excellent' further drilling results at the Havieron gold-copper project in Western Australia state.
In March, Newcrest Mining agreed to explore and develop Havieron, with a right to a 70% interest in an area that covers the Havieron target by spending up to $65m.
Drilling highlights included encountering 139.4 metres at 2.9 grams per tonne of gold and 0.39% copper from 865.7 metres.
'We are delighted by these excellent results and by Newcrest's ongoing commitment to the exploration programme at Havieron,' chief executive Gervaise Heddle said.
'These results have defined a series of higher-grade zones within a broad envelope of mineralisation and provide further support to our view that Havieron has the potential to become a truly significant, underground mining operation in one of the most mining-friendly jurisdictions in the world.'
At 2:49pm: (LON:GGP) Greatland Gold PLC share price was +0.08p at 1.82p