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Greatland restarts drilling at Havieron

Greatland Gold (AIM:GGP0 has started the second drilling campaign at its 100%-owned Havieron project in Western Australia’s Paterson region.
Greatland restarts drilling at Havieron Greatland restarts drilling at Havieron Greatland restarts drilling at Havieron Greatland restarts drilling at Havieron Greatland restarts drilling at Havieron

Greatland's Paterson Project comprises the Havieron, Black Hills and Paterson Range East licences

Staff reporter

The start was on schedule, with the 6,000m programme set to include up to 10 core holes to a depth of 600m each.

The company is aiming to further define the extent and direction of Havieron's high-grade zone of mineralisation detected in the first campaign.

The first drilling campaign done over the April-May period established the a zone of high grade mineralisation with highlights of 137.69g/t gold and 4.11% copper.

Other results of the first programme were 121m at 2.93g/t gold and 0.23% copper from 497m, including 11.5m at 21.23g/t gold and 0.67% copper from 568.5m, and 21m at 3.79g/t gold 0.44% copper.

In July, the company raised US$3.5 million to fund exploration at its Australian projects. 

Greatland's shares were down 2.19% Monday morning to 1.11p (US1.5c).