Greatland Gold Confirms High-Grade Potential at West Dome Underground
Why we think this is good
The RNS provides positive exploration results from the maiden drilling program at the West Dome Underground target, which indicate the potential for a high-grade, long-life underground operation at Telfer. The exceptional intercepts, large strike length of mineralization, and ability to leverage existing infrastructure are all favorable factors that suggest this project could significantly contribute to Greatland's future growth.
Key Points
- Maiden underground drilling program at West Dome completed in Q4 2024
- 16 of 19 holes intercepted >50 gram-metres Au, with average of 23.2m @ 2.95g/t Au and 1.07% Cu
- Exceptional high-grade results including 14.3m @ 9.06 g/t Au and 8.57% Cu
- Mineralization identified over 700m of strike and remains open along strike and down dip
- Drilling confirms geological similarities to successful Main Dome Underground
- Existing infrastructure at Telfer could accelerate West Dome Underground development
Summary
Greatland Gold has reported positive results from the maiden underground drilling program at its West Dome Underground project at the Telfer mine. The drilling identified high-grade mineralization over a strike length of more than 700 meters, with exceptional intercepts including 14.3m @ 9.06 g/t Au and 8.57% Cu. Importantly, the geological units hosting the mineralization are the same as those in the successful Main Dome Underground, which has produced over 3.1 million ounces of gold to date. The existing infrastructure at Telfer, including an underground crusher and haulage shaft, could help accelerate the development of the West Dome Underground project.