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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 | 00:00:00 |
By Oliver Griffin
Shares in Greatland Gold PLC (GGP.LN) inched up on Tuesday after the company said Newcrest Mining Ltd. (NCM.AU) has returned further excellent drill results at the Havieron gold-copper project in Western Australia.
The mining company said that three of the drill holes each intersected significant widths of mineralization in excess of 100 meters with grades of 2 grams a ton of gold or higher.
Greatland Gold said one of these intersections included a 43 meter interval with a gold grade of 7.9 grams a ton. Copper grades were also present, ranging from 0.1% to almost 1%, the company said.
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 0803 GMT were up 3.7% at 1.81 pence.
Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin
(END) Dow Jones Newswires
September 10, 2019 04:29 ET (08:29 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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