Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Greatland Gold up again as grades from Ernest Giles please

A new more detailed analysis of the cores has indicated gold grades of up to 2 g/t
picture of mining truck
Greatland's acreage is in a region that has seen big discoveries

Greatland Gold PLC (LON:GGP) has found latest drill assays from the Ernest Giles site in Western Australia were better than first thought after re-sampling.

Last week, Greatland reported that it had identified a Western Zone 6km in length and 1.5km in width and an Eastern zone 2km by 1.5km.

Several of the zones were up to 60 metres thick and reasonably shallow.

A new more detailed analysis of the cores has indicated gold grades of up to 2 g/t with silver also present in some cores.

It was the first wide-spaced drill campaign at Greatland’s 100% owned Ernest Giles licence.

Greatland is targeting 5mln ounce deposits and clusters of one million ounces.

The surrounding region is host to the Tropicana discovery, which contains over 7mln ounces and Yamarna with over 6mln.

Shares rose 24% to 0.23p.

View full GGP profile View Profile

Greatland Gold plc Timeline

Related Articles

picture of gold and dollars
March 14 2017
The advancement of over 100,000 ounces from the lower-confidence inferred category to indicated classification was significant.
Canadian flag
July 27 2017
This will be very easy to fast-track, because we’ve done all the work we need to move forward for the nickel lease
argent-minerals-MD-david-busch-presenting-in-Melb--Feb-2017.jpg
July 27 2017
David Busch discussed exploration plans at Proactive's CEO Sessions.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use