- Greatland said Monday results from it first drill hole at Havieron were 'exceptional,' demonstrating both the large sale of the project and the potential for it to host zones of high grade gold and copper.

The first drill hole, HAD001, delivered 2.93 grams per tonne of gold and 0.23% copper starting at 497 meters below the surface and 21.23 grams per tonne of gold and 0.67% copper from 568.5 meters below the surface.

Drilling also showed bonanza grade intervals delivering 137.69 grams per tonne of gold and 1.8% copper from 573 metres below the surface and 100.15 grams per tonne of gold and 4.1% copper from 575.5 meters below the surface.

Laboratory assay results for first drill at Havieron (HAD001) included 121m at 2.93g/t gold and 0.23% copper from 497m to 618m.

Elevated gold and copper results persisted to end of hole suggesting the mineralisation continues at depth, supported by the results of forward modelling of detailed geophysical data, Greatland said.

Results for the other three drilled holes at Havieron - HAD002, HAD003 and HAD004 - were pending and expected to be available within the coming weeks, the company said.

'We are delighted by these initial results from our first drilling campaign at Havieron. We believe that these results begin to demonstrate the large scale of Havieron and the potential for Havieron to host zones of high grade gold and copper,' said Gervaise Heddle, Chief Executive Officer.

'In addition to today's news, we had the rapid discovery of gold nuggets within the first days of our maiden exploration campaign at Black Hills and we started our drilling campaign at Ernest Giles. We look forward to providing further updates to investors.'

At 9:35am: [LON:GGP] Greatland Gold PLC share price was +0.39p at 1.53p

Story provided by