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
  0.06 0.21% 28.73 28.73 28.74 28.87 28.66 28.80 706,592 01:04:42

Greatland Gold Shares Inch Up on Drill Results at Havieron

10/09/2019 9:44am

Dow Jones News


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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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