Greatland Gold’s West Dome Underground Project: A New Chapter in Telfer’s Gold-Copper Operation
In a recent conversation with Proactive, Greatland Gold PLC (AIM: GGP, OTC: GRLGF) CEO Shaun Day shared exciting updates about the latest exploration campaign at the West Dome underground project, situated within the Telfer gold-copper operation in Western Australia. This marks the first-ever drilling campaign into this section of the mine, and the initial results are proving to be quite positive.
Background on Telfer Gold-Copper Operation
Before diving into the specifics of the West Dome project, let’s briefly recap what Telfer is all about. Telfer is a world-class gold-copper mine, operated by Newmont Corporation. It’s located approximately 100 kilometers northeast of Wiluna in Western Australia. The operation includes both open pit and underground mining, and it has been in production since 1987. Over the years, Telfer has produced more than 7 million ounces of gold and 220,000 tonnes of copper.
The West Dome Underground Project: A New Chapter
Now, let’s focus on the West Dome project, which is a significant extension of the Telfer mine. It’s located about 3 kilometers west of the existing mining operations. The West Dome deposit was discovered back in 2018, and it’s considered to be a high-grade, structurally controlled gold-copper deposit. The mineralization at West Dome is open at depth and along strike, making it an intriguing exploration target.
First-Ever Drilling Campaign: Positive Initial Results
Greatland Gold’s latest drilling campaign at the West Dome underground project was the first to target this area. The drilling program consisted of 11 reverse circulation (RC) holes and 1 diamond hole. The results have been impressive, with several high-grade intercepts, such as:
- 3.3 meters at 2.5 g/t gold and 0.3% copper (DRC012)
- 5.7 meters at 1.2 g/t gold and 0.6% copper (RCG012)
- 1.7 meters at 3.7 g/t gold and 0.6% copper (RCG013)
These intercepts are just the tip of the iceberg, as the drilling results continue to pour in. The company plans to release further results in the coming weeks.
What Does This Mean for Investors?
For investors, these positive initial results at the West Dome project could mean good things for Greatland Gold. The company has a 40% stake in the project, with Newmont Corporation holding the remaining 60%. With Newmont’s expertise and resources, the West Dome project could potentially lead to increased production and revenue for Greatland Gold. As the drilling results continue to be released, the market reaction will be closely watched.
Impact on the World: A Potential Boost to the Gold-Copper Market
On a larger scale, the success of the West Dome project could have a positive impact on the global gold-copper market. Gold and copper are essential commodities in various industries, from electronics to construction. With the increasing demand for these metals, successful exploration projects like West Dome could contribute to a more stable and sustainable supply of gold and copper.
Conclusion: A Bright Future for Greatland Gold and the Gold-Copper Market
In summary, the latest exploration update at Greatland Gold’s West Dome underground project is a significant milestone for the company and the gold-copper market. The first-ever drilling campaign into this section of the Telfer operation has yielded positive initial results, and the potential for increased production and revenue is on the horizon. As the drilling results continue to be released, investors and the market will be eagerly watching for further developments. Additionally, the potential success of the West Dome project could contribute to a more stable and sustainable supply of gold and copper, benefiting various industries and economies around the world. Stay tuned for more updates on this exciting exploration project!
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research and consult with a financial advisor before making investment decisions.
