Proactive Investors - Run By Investors For Investors

Greatland Gold applies to drill at new Ernest Giles target

Previous surface sampling at Empress identified a 3km x 1km gold in soil anomaly
picture of mining truck
Surface grades at Empress were higher than other targets at Ernest Giles

Greatland Gold PLC (LON:GGP) is wasting no time moving forward with its Ernest Giles gold project in Western Australia.

Having found two potential gold zones at the site from its last drilling programme, it is now preparing to explore the Empress gold target in the north-eastern portion of the licence.

Previous surface sampling at Empress identified a 3km x 1km gold in soil anomaly with a peak value of 338ppb gold (0.338 g/t).

Greatland wants permission for a wide-spaced shallow campaign, including an estimated 5,000 metres of drilling (approximately 20 drill locations). 

Gervaise Heddle, chief executive, said:  “This new campaign will target a large unexplained gold in soil anomaly at the Empress target which is located in the north-east of the Ernest Giles project area (approximately 50 kilometres north-east of Meadows).

 “The MMI gold in soil anomaly at Empress is higher grade and potentially more extensive than that encountered at the Meadows target (peak values of 338ppb Au at Empress and 68ppb Au at Meadows), and we hope that this campaign will help us to explain the unusually high gold in soil anomaly in this part of the Ernest Giles greenstone belt."

“At this stage, we expect relevant Government approvals to be received by the end of February and pre-drilling field operations to commence in early March,” Heddle added.

Greatland believes Ernest Giles project has the potential to host several major gold camps.

Shares in the junior have roared away over the past year on hopes that the licence may hold a gold deposit similar to the recent nearby discoveries at Tropicana,7mln ounces, and Yamarna with over 6mln.

Why Invest In Greatland Gold? Read More Here

Register here to be notified of future GGP Company articles
View full GGP profile

Greatland Gold Timeline

Related Articles

February 22 2017
The company said it would hand back a record £17.1mln in dividend payments
October 19 2016
Tethyan is zeroing in on a potential copper porphyry target at Suva Ruda in Serbia
FKJ-083 at Choco
January 24 2017
Grades and trial mining analysis have to date confirmed reported grades and conditions from historic third party mining operations.

© 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.