By Jaime Llinares Taboada

Greatland Gold PLC said Thursday that early results from the 2022 drilling exploration program at its Havieron gold-copper project in Australia were tremendous, with high-grade mineralized extensions identified across all tested target zones.

Greatland said that drilling into the Eastern Breccia target returned a 150-meter intercept, reinforcing the potential for the system to host high-grade mineralization. In addition, the mining company said that drilling into the Northern Breccia also returned high-grade results.

Shares at 0832 GMT were down 1.1% at 13.15 pence.

Havieron is operated by Newcrest Mining Ltd., which is entitled to earn a 70% stake in the project under its joint venture agreement with Greatland.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

April 28, 2022 04:55 ET (08:55 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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