Greatland Gold, the precious and base metals exploration and development company, has announce further 'excellent' results from Newcrest's drilling campaign at Greatland's 100% owned Havieron licence in the Paterson region of Western Australia.
The company also notes that Newcrest has hit its minimum expenditure of $5m commitment ahead of the expected timetable.
Gervaise Heddle, CEO of Greatland Gold, commented: 'We are delighted to report this third set of excellent, high-grade results from Havieron since Newcrest commenced drilling at the project in May this year.
'These results further extend the limits of known mineralisation, with mineralisation now observed over 950 metres of vertical extent, and underline our belief that Havieron could become a large, underground mining operation - a prospect which has been significantly accelerated through Newcrest's involvement.'
At 12:03pm: (LON:GGP) Greatland Gold PLC share price was +0.03p at 1.86p