Havieron

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 Highlights

The Havieron Project covers 135 square kilometres of under-explored ground in the Paterson Province in Western Australia. 

The Paterson region hosts several large gold and copper deposits such as Telfer (27M oz) and Nifty (2MT copper). The region has been subject to more recent exploration which has outlined several other deposits including Magnum (Au), Calibre (Au), O’Callaghans (Cu) and Maroochydore (Cu).

Infrastructure is good with several operating mines, sealed roads and formed tracks plus rail networks nearby which branch out from the regional industrial hub of Port Hedland 500km to the west.

Alteration and mineralisation at Havieron displays similarities to IOCG-type deposits. Examples of these are the large Olympic Dam and Ernest Henry deposits in central and eastern Australia.

Geophysical data has outlined the Havieron target as covering approximately 1,000m x 1,000m. Depth to top of target is around 400m with these depths easily achieved with modern drilling equipment. Only six drill holes have been completed to date with all intersecting significant alteration and gold plus copper anomalism.

Thick lower grade zones of gold and copper have been intersected and within these gold grades peak at 15.4g/t and copper to 2.5%. Current drill hole spacing is broad and so the core of Havieron represents an immediate resource definition drilling target.

Other regional exploration targets are evident within the licence area and Greatland intends to pursue these during the course of field activities.

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The Paterson Province is the northern portion of the Proterozoic Paterson Orogen. More recent exploration throughout several Proterozoic Orogens identified within the western parts of the Australian continent have resulted in the discovery of the large Tropicana gold deposit (7.9M oz) and large Nova nickel-copper deposit (10MT). Globally these Proterozoic Orogens are highly prospective for large deposits, and are often under-explored.

The Havieron target as outlined by geophysics is large, covering approximately 1,000m x 1,000m. During the period 1991-2003, Newcrest completed six diamond drill holes at Havieron. All holes intersected significant alteration and three holes intersected significant Au-Cu skarn style mineralisation. Hole HAC9101 intersected 103m@0.44g/t Au, including 30.6m@1.0g/t Au and 0.28% Cu with a peak gold value of 14.7g/t Au. Hole HAC9201 intersected 82.3m@0.4g/t Au, including 28m@1.0g/t Au and 0.22% Cu with a peak gold value of 15.4g/t Au. Mineralisation starts at 400 metres below surface. Mineralisation is open in all directions and at depth.

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The Havieron Project is located approximately 40 kilometres east of the prolific Telfer gold mine (owned by Newcrest) that has produced 27 million ounces of gold since it began operations in 1977. Other discoveries in the region include Magnum (Au) and Calibre (Au), both owned by Antipa Minerals, O’Callaghans (Cu), Maroochydore (Cu) and the recent Paterson North gold discovery by SIPA Minerals .

The project is remote, however infrastructure is good with several operating mines and sealed roads and formed tracks plus rail networks nearby which branch out from the regional industrial hub of Port Hedland 500km to the west.

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