Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
London-listed mining development firm Greatland Gold (LON: GGP) shares are rallying Thursday after the company noted the announcement by its joint venture partner, Newcrest Limited, of the planned release of the pre-feasibility study results at the Havieron gold-copper deposit.
The results from the Havieron gold-copper deposit in the Paterson region of Western Australia will be released on October 12, dependent on necessary approvals.
The last release from Greatland regarding the deposit was back in the second week of September with the company reporting excellent growth drilling results that continue to support the potential for resource expansion. There was also additional mineralisation identified below the Crescent Zone and in the Northern and Eastern Breccias.
The growth drilling results from that September release included
133m at 7 grams per ton of gold and 29.1m at 9.7 grams per ton of gold.
AIM-quoted Greatland Gold's share price closed down 0.53% on that day and is down 49% for the year-to-date.
However, its stock price has rallied 23% to 19.44p today in anticipation of the planned release of the pre-feasibility study results.
Greatland Gold shares are traded on the London stock exchange's AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are GGP shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
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