Greatland has applied for four new exploration licences covering 126km2 of ground in the Gascoyne
Greatland Gold plc (AIM: GGP) announce that it has lodged applications for new exploration licences covering 126km2 of tenure at Yannarie within the Gascoyne, to the south of the Pilbara. The ground was identified by a Greatland prospectivity study covering the Pilbara and surrounding areas, and is considered prospective for Havieron and Telfer style precious and base metals deposits.
- Geological environment and history of the district is considered to be ideal for the formation of large scale precious and base metals deposits
- The Yannarie applications overlay a complexly folded Proterozoic meta-sedimentary package intruded by Proterozoic granitoids on the margin of a terrane boundary
- Open file data indicates that the area has only shallow cover and is underexplored
Greatland Managing Director, Shaun Day, commented: “Exploration is one of Greatland’s three horizons for growth. The addition of these tenements to our portfolio augments a pipeline of high priority targets in Tier 1 districts and demonstrates our continued focus to identify and secure prospective ground, where we can leverage our team’s experience and track record of success. Yannarie complements our upgraded portfolio of priority projects including the Paterson and Ernest Giles.”
Overview of the Yannarie project
The Yannarie project is located approximately 300km south-west of the town of Maitland in the Gascoyne Province of Western Australia, within the Capricorn Orogeny, between the Yilgarn and Pilbara cratons.
The geology comprises mainly outcropping Palaeoproterozoic metasedimentary and intrusive rocks with minor alluvial and colluvial cover. This north to northwest trending folded sequence has several interpreted long-lived crustal-scale structures that may provide pathways for gold and base metal mineralisation. There are several mineral occurrences in the area including gold, copper, uranium and manganese.
The Capricorn Orogen represents the progressive assembly of the Western Australia Craton and is comparable to other Proterozoic Orogens in Western Australia. These orogens are known to host large mineral deposits including Telfer and Havieron in the Paterson and Tropicana in the Albany-Fraser. The Capricorn Orogen is considered underexplored.
Ahead of the expected grant of the licences, Greatland will engage with the Traditional Owners in respect of land access and heritage and progress. A review of previous work will be completed in parallel to define exploration targets.
Figure 1:Satellite image showing Greatland’s newly acquired Yannarie tenement applications.
Figure 2: Geological Map showing Yannarie tenement applications
For further information, please contact:
Greatland Gold plc
Shaun Day, Managing Director | [email protected]
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