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AIM-listed exploration and development firm Greatland Gold (LON:GGP) has seen its share price rise by 14.25% to 1.83p (as of 15:00 GMT) after it posted drilling results for the Haveiron licence in Western Australia. Management said that the high-grade mineralisation zone had been extended significantly and six drilling rigs would remain operational through the Australian summer.
CEO Gervaise Heddle commented: “These outstanding results significantly extend the known limits of high-grade mineralisation, particularly to the north. It has become clear that the size of the mineralised footprint now significantly exceeds our initial expectations.
“We are very pleased by Newcrest’s continued enthusiasm and commitment to the project, and we look forward to providing further updates on Havieron as drilling continues through the Australian summer period.
“Greatland notes the release of an ASX announcement titled “Exploration Update – Havieron” by Newcrest Mining Ltd (“Newcrest”) earlier today which highlights “Drilling returns high grade results at Havieron“.