Two key targets with coincident bullseye magnetic and gravity features have been identified
Greatland will now prioritise these targets for follow-up exploration activity
Greatland Gold plc (AIM:GGP), a leading mining development and exploration company with a focus on precious and base metals, is pleased to announce it has identified two priority targets that are analogous to the magnetic and gravity anomaly associated with the Havieron gold-copper deposit.
These targets are situated within 100% owned areas being the Canning application and the adjacent recently acquired Paterson South tenement as announced to the market on 16 September 2021.
- The Paterson South Target One comprises a strong gravity and near coincident magnetic anomaly
- The Canning application Target Two comprises a strong coincident gravity and magnetic anomaly
- Both targets are analogous to the magnetic and gravity anomaly associated with the Havieron gold-copper deposit, and follow-up exploration is warranted
- Next steps are to confirm the historical gravity data and remodel the gravity and magnetic data, with the aim of targeting drill holes for one or both targets
Shaun Day, Chief Executive Officer of Greatland Gold plc, commented: “These targets, which have never been drilled, are exciting opportunities situated within our expanded holdings in the Paterson district. Both show strong magnetic and gravity anomalies, with characteristics analogous to the magnetic and gravity signature developed over Havieron.
As with Havieron, the new targets sit under cover and remain untested, which allows Greatland to apply our proven record of discovery and exploration success to identify prospective Telfer, Winu and Havieron style mineralisation. We consider these bullseye targets significant and exciting additions to our growth portfolio as we seek to discover further tier-one gold-copper deposits in the Paterson province.”
Greatland Gold PLC
+44 (0)20 3709 4900
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