By Jaime Llinares Taboada

 

Greatland Gold PLC said Thursday that drilling at its Havieron gold-copper project in Australia continues to support potential for resource expansion.

The London-listed mining company said drilling continues to confirm extensions to the South East Crescent and the Northern Breccia mineralization.

Chief Executive Shaun Day said the drilling program keeps on delivering, with every hole continuing to hit significant mineralization and growing the scale of the project.

Shares at 0754 GMT were down 1.6% at 18.70 pence.

Havieron is being operated by Newcrest Mining Ltd., which has a joint-venture agreement with Greatland to earn up to a 70% interest through total exploration expenditure of $65 million over a six-year period that started in 2019.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

July 22, 2021 04:22 ET (08:22 GMT)

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