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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Newcrest Mining Limited | ASX:NCM | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 23.51 | 23.35 | 23.50 | 0.00 | 01:00:00 |
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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