Are There Great Things To Come at Greatland Gold – GGP ?
The principal activity of Greatland Gold plc is to explore for and develop natural resources, with a focus on gold. The Company was established in London during 2005 and admitted to AIM in July 2006. Here we look at four of the current / planned projects.
The Bromus project
The Bromus project is located 25km south-west of Norseman and 65km south of the historic Chalice gold mine in the southern Yilgarn region of Western Australia. The exploration licence covers 93sq km of under-explored greenstone & intrusive granites of the Archean Yilgarn Block at the southern end of the Kalgoorlie-Norsman Belt, host to over 120M oz Au and numerous nickel deposits.
Its location provides access to a skilled local labour force, excellent infrastructure & transport links with highways & a railway line running to the south-east of the licence and Greatland Gold has identified several geochemical targets over 10km of strike prospective for nickel and gold.
Located just 65km west of Launceston and 35km south of Devonport in northern Tasmania, the Firetower project consists of 62sq km of stratigraphically equivalent Mt. Read Volcanic Sequence rocks.
Firetower consists of two contiguous tenements with gold and copper targets over a 12km strike length throughout the area and its location provides excellent infrastructure and access to a skilled local labour force.
The Warrentinna Project
The Warrentinna project is located 60km North-East of Launceston in North-Eastern Tasmania and covers an area of 37sq km with 15km of strike prospective for gold.
Its location provides excellent infrastructure and access to a skilled local labour force.
The host rocks are equivalent to those found in the goldfields in Victoria, south-eastern Australia which have to date produced over 50million oz of gold.
Drilling results show gold mineralization is from surface, providing potential for an open pittable gold resource.
There is exploration potential for the discovery of high-grade shoots beneath known shallow historical workings and within unmined quartz-lodes. There is also potential for the discovery of larger tonnages of lower-grade mineralisation adjacent to quartz lodes.
The Ernest Giles Project
The Ernest Giles project is located 250km north-east of Laverton in the Yilgarn in central Western Australia. The project covers over 270sq km of unexplored Yilgarn Craton hosting Greenstone belts and intrusives with over 30km of strike.
Gold mineralisation of over 1g/t has been intersected in early drilling.
The area also shows potential for a magmatic nickel-sulphide deposit.
Greatland Gold believes the project has the potential to deliver significant shareholder value with the discovery of large +5 mil oz gold and 5-10Mt nickel camps.