Greatland Gold PLC Newcrest Commences Drilling at Havieron (7679Z)
May 22 2019 - 1:00AM
UK Regulatory
TIDMGGP
RNS Number : 7679Z
Greatland Gold PLC
22 May 2019
22 May 2019
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
Greatland Gold plc
("Greatland" or "the Company")
Newcrest Commences Drilling at Havieron
Further to the announcement of 30 April 2019, Greatland Gold plc
(AIM:GGP), the precious and base metals exploration and development
company, is pleased to announce that Newcrest Operations Limited
("Newcrest") has commenced drilling at Greatland's Havieron
gold-copper project in the Paterson region of Western
Australia.
The initial drill programme comprises approximately 10,000
metres of drilling with the aim to define the extent of the
mineralisation along strike and at depth, testing the system to a
depth of 1,000 metres below surface. All drilling is being carried
out at Newcrest's expense and Greatland expects to continue to
receive regular updates as the programme progresses.
Gervaise Heddle, Chief Executive Officer of Greatland Gold,
commented: "It is an exciting moment for Greatland as Newcrest
embarks on its first drill programme at our cornerstone Havieron
gold-copper project. The initial 10,000-metre drill programme is
the most extensive at Havieron to date and we anticipate that
Newcrest's technical expertise and understanding of the local
geology will build upon our highly successful 2018 programme. We
look forward to keeping shareholders updated with drill results and
all other material exploration information as it is received."
In March 2019, Greatland signed a Farm-in Agreement with
Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest
Mining Limited (ASX:NCM), to explore and develop Greatland's
Havieron gold-copper project in the Paterson region of Western
Australia. Newcrest has the right to acquire up to a 70% interest
in a 12 block area within E45/4701 that covers the Havieron target
(the "Havieron project") by spending up to US$65m.
Enquiries:
Greatland Gold PLC
Gervaise Heddle/Callum Baxter
Tel: +44 (0)20 3709 4900
Email: info@greatlandgold.com
www.greatlandgold.com
SPARK Advisory Partners Limited (Nominated Adviser)
Andrew Emmott/James Keeshan
Tel: +44 (0)20 3368 3550
SI Capital Limited (Broker)
Nick Emerson/Alan Gunn
Tel: +44 (0)14 8341 3500
Luther Pendragon (Media and Investor Relations)
Harry Chathli/Alexis Gore/Joe Quinlan
Tel: +44 (0)20 7618 9100
Notes for Editors:
Greatland Gold plc is London listed (LON:GGP) natural resource
exploration and development company with a current focus on gold,
copper and nickel exploration projects.
The Company has six main projects; four situated in Western
Australia and two in Tasmania. All projects are 100% owned by
Greatland.
In March 2019, Greatland signed a Farm-in Agreement with
Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest
Mining Limited (ASX:NCM), to explore and develop Greatland's
Havieron gold-copper project in the Paterson region of Western
Australia. Newcrest has the right to acquire up to a 70% interest
in a 12 block area within E45/4701 that covers the Havieron target
by spending up to US$65m.
Greatland is seeking to identify large mineral deposits in areas
that have not been subject to extensive exploration previously. It
is widely recognised that the next generation of large deposits
will come from such under-explored areas and Greatland is applying
advanced exploration techniques to investigate a number of
carefully selected targets within its focused licence
portfolio.
The Company is also actively investigating a range of new
opportunities in precious and strategic metals and will update the
market on new opportunities as and when appropriate.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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