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Greatland Gold share price: what’s the latest after its Firetower discovery?

The precious and base minerals exploration and development company has seen its share price climb more than 14% since its latest drilling results from its Firetower site. But can the stock make further gains?

Greatland Gold has seen its share price climb 14% higher since mid-December after announcing a promising set of drilling results from its Firetower site in Tasmania, Australia.

The precious metals and base minerals exploration and development company confirmed the presence of shallow gold mineralisation, as well as zinc and silver mineralisation at the site.

The stock closed 1.98p a share on Tuesday.

Looking to trade Greatland Gold? Open a live or demo account with IG.

Greatland Gold CEO upbeat about potential of the Firetower site

The company’s CEO was pleased to report a second set of positive results from its recent drilling campaign at the Firetower site.

‘They show a further improvement in the continuity between drill sections and highlight the potential for a robust, near-surface gold system,’ Greatland Gold CEO Gervaise Heddle said.

‘Initial results at the previously undrilled Firetower East prospect are also promising, with drilling intersecting silver and zinc mineralisation and the potential for a Volcanic Hosted Massive Sulphide system,’ he added.

Analytical results for the final two holes (including the second drill hole at Firetower East) are expected to be received in early 2020 and if positive could help send the stock higher.

You can go long or short Greatland Gold with IG using derivatives like CFDs and spread bets.

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