Greatland Gold Shares Inch Up on Drill Results at Havieron
10 Setembro 2019 - 5:44AM
Dow Jones News
By Oliver Griffin
Shares in Greatland Gold PLC (GGP.LN) inched up on Tuesday after
the company said Newcrest Mining Ltd. (NCM.AU) has returned further
excellent drill results at the Havieron gold-copper project in
Western Australia.
The mining company said that three of the drill holes each
intersected significant widths of mineralization in excess of 100
meters with grades of 2 grams a ton of gold or higher.
Greatland Gold said one of these intersections included a 43
meter interval with a gold grade of 7.9 grams a ton. Copper grades
were also present, ranging from 0.1% to almost 1%, the company
said.
In March the company signed a farm-in agreement with Newcrest
Operations Ltd., a wholly owned subsidiary of Newcrest, to explore
the Havieron project. Newcrest can acquire up to a 70% interest in
a 12-block area that covers the project by spending $65
million.
Shares at 0803 GMT were up 3.7% at 1.81 pence.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
September 10, 2019 04:29 ET (08:29 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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