Greatland Gold plc (LON: GGP)Executive Director, Gervaise Heddle, discusses the RNS regarding their Bromus project’s Downhole EM results. He also discusses both their recent MoU with Metal Tiger Plc(LON:MTR)plus the recently published Final Results.
- Downhole electromagnetics (“DHEM”) recently completed at the Bromus project have identified several highly conductive targets not intersected in the recent drilling campaign conducted at Bromus;
- Two of the new targets (located near drill holes BRD001 and BRD003) have conductances which are consistent with sulphide mineralisation and are well constrained by the modelling and, therefore, are considered to be high priority targets; and
- Greatland expects to launch a new drilling campaign at Bromus in early 2017, using existing drill pads, that will target these two high priority targets.
Callum Baxter, Executive Director, commented: ‘We are very pleased to release the results of the independent report prepared by Southern Geoscience Consultants Pty Ltd regarding the recent downhole electromagnetics conducted at the Bromus project in Western Australia.
Several highly conductive targets have been identified by DHEM modelling, at least two of which are considered to be high priority targets for massive sulphide mineralisation. These two targets are particularly appealing because they are well defined, relatively shallow (approximately 100 metres below surface) and can be drilled using existing drill pads.
Exploration can be a highly iterative process and we are very encouraged by the fact that a low cost package of drilling and DHEM modelling has demonstrated the potential for massive sulphide mineralisation at this exciting project.
Greatland remains committed to a campaign of active exploration at its key projects including Bromus, Ernest Giles (drilling programme currently underway), Firetower, Warrentinna and the recently acquired Havieron gold project.’