(Alliance News) - Greatland Resources Ltd on Sunday said drilling hit high-grade mineralisation at the West Dome Underground extension in Western Australia.
The Perth, Australia-based gold and copper miner owns 100% of the Telfer mine in the Paterson Province of the East Pilbara region in Western Australia, where the WDU project is located.
Managing Director Shaun Day said: "It is a credit to our exploration team to have first interpreted the potential extension of the West Dome Underground at Pinnacles, a significant distance from our current area of focus, and then to successfully plan and execute this drill hole from surface to its target at depth."
With 58.7 metres at 6.5 grams per tonne gold and 0.1% copper, including 37.0 metres at 9.98 g/t gold and 0.14% copper, and an intercept of 34.1 metres at 1.1 g/t gold, the company said the find is among the best intercepts achieved from WDU drilling to date.
"While the result is a single drill hole, it demonstrates the potential extension of West Dome Underground mineralisation to the south of our current resource. The new intercept is in similar proximity to our existing underground crusher and hoist infrastructure as the current West Dome Underground resource, further adding to its prospectivity."
Greatland Resources is now planning additional drilling to test the existence and tenor of mineralisation between the two zones.
Shares in Greatland Resources closed 1.2% higher at AUD14.90 each in Sydney on Friday while shares ended down 4.4% at 759.33 pence each in London.
By Elijah Dale, Alliance News senior reporter Asia-Pacific
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