Greatland Gold: Newcrest Drilling Finds More High Grades at Havieron, Australia

Data : 24/10/2019 @ 13:17
Fonte : Dow Jones News
Titolo : Newcrest Mining Limited (NCM)
Quotazione : 28.73  0.655 (2.33%) @ 08:50
Quotazione Newcrest Mining Grafico

Greatland Gold: Newcrest Drilling Finds More High Grades at Havieron, Australia

Grafico Azioni Greatland Gold (LSE:GGP)
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2 Mesi : Da Ott 2019 a Dic 2019

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By Oliver Griffin

 

Greatland Gold PLC (GGP.LN) said Thursday that drilling by Newcrest Mining Ltd. (NCM.AU) at its Havieron project in Australia has found high-grade mineralization.

The mining company said the best results included a 45-meter interval with a grade of 7.1 grams of gold a ton and 0.08% copper, and a 96.4-meter interval with a grade of 4.5 grams of gold a ton and 0.14% copper.

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 1043 GMT were up 1.6% at 1.86 pence.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

 

(END) Dow Jones Newswires

October 24, 2019 07:02 ET (11:02 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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