Gervaise Heddle, Chief Executive Officer, commented: We are excited to have commenced Greatland’s first drilling campaign at Black Hills.
Following encouraging field and geophysical work, the team believes that Black Hills, which sits adjacent to our Havieron licence and has displayed potential for near-surface gold mineralisation, could become Greatland’s second significant project in the highly prospective Paterson region. It is therefore a high priority target for the Company and we look forward to updating shareholders on our progress
Further to the announcements of 7 May 2019 and 30 May 2019, Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to announce that it has commenced its first drilling campaign at Greatland’s 100%-owned Black Hills gold project in the Paterson region of Western Australia.
The drill programme includes approximately 20 Reverse Circulation (“RC”) drill holes to depths of up to 300m for approximately 6,000m of drilling. The drill programme has been designed to test an Induced Polarisation (“IP”) chargeability anomaly, approximately 1,400m in length, which is spatially coincident with gold mineralisation identified at surface.
Notes for Editors:
Greatland Gold plc is London listed (LON:GGP) natural resource exploration and development company with a current focus on gold, copper and nickel exploration projects.
The Company has six main projects; four situated in Western Australia and two in Tasmania. All projects are 100% owned by Greatland.
In March 2019, Greatland signed a Farm-in Agreement with Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM), to explore and develop Greatland’s Havieron gold-copper project in the Paterson region of Western Australia. Newcrest has the right to acquire up to a 70% interest in a 12 block area within E45/4701 that covers the Havieron target by spending up to US$65m.
Greatland is seeking to identify large mineral deposits in areas that have not been subject to extensive exploration previously. It is widely recognised that the next generation of large deposits will come from such under-explored areas and Greatland is applying advanced exploration techniques to investigate a number of carefully selected targets within its focused licence portfolio.
The Company is also actively investigating a range of new opportunities in precious and strategic metals and will update the market on new opportunities as and when appropriate.
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