Greatland Gold, the precious and base metals exploration and development company, has announced that initial observations reveal the intersection of significant visible mineralisation in every hole of the company’s current drilling campaign at its 100% owned Havieron licence in the Paterson region of Western Australia.
This follows on from spectacular lab results for the first hole of the campaign revealed last month. HAD005 returned a combined intercept of 275m at 4.77g/t gold and 0.61% copper, including an upper zone of 118m at 3.08g/t gold and 0.84% copper from 459m and a lower zone of 157m at 6.04g/t gold and 0.44% copper from 660m.
Four additional holes (HAD006-HAD009) variously displayed concentration of visible mineralisation increasing with depth from 426m to 932m.
Gervaise Heddle, Chief Executive Officer, commented: “We are very pleased to see significant visible mineralisation in all holes of the current drilling campaign. We believe that these observations, when combined with recently reported assay results and the results from new geophysical modelling, provide further evidence to support our view that Havieron has the potential to represent a very large mineralised system.
“We are also encouraged to have seen the greatly increased level of activity in the Paterson by major industry participants which has served to highlight the value of Greatland’s strategic position in the region.”
Downhole wireline work is continuing on site with drill rig assistance ahead of a new drilling campaign scheduled to commence in Q1 2019. Laboratory analysis for HAD006-HAD009 and results of downhole geophysical wireline work will be available in the coming weeks.
Limited historical drilling was conducted by Newcrest at Havieron during the 1990s and early 2000s where six holes were drilled, all of which intersected significant alteration and gold plus copper anomalism. Thick lower grade zones of gold and copper were intersected by Newcrest and gold grades within these peaked at 15.4g/t and copper to 2.5%.
Greatland Gold’s Paterson project, comprises the Havieron, Black Hills and Paterson Range East licences. Located in the Paterson region of northern Western Australiam, the three licences range over more than 385 square km prospective for IOCG type deposits and Telfer-style gold deposits.