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More good results for Greatland Gold, this time at Warrentinna

Drill results show gold mineralisation at the project in Tasmania extend further north than first thought
Gold nuggets on a table
Greatland has been finding more gold at several of its projects in the New Year

Greatland Gold PLC (LON:GGP) has followed up the recent positive news from its Ernest Giles property with solid results from Warrentinna, one of its two Tasmanian gold projects.

The latest drill results have shown that gold mineralisation extends further north and further east than originally thought.

All of the 4 metre (m) composite holes drilled struck gold, including 4m at 2.8 grams per tonne (g/t) gold (Au) from surface [hole WT040] and 4m at 2.9g/t Au from 20m below the surface [hole WTR038].

“We are very pleased with these latest results at Warrentinna that further demonstrate the potential of this valuable asset,” said chief executive Gervaise Heddle.

“These results highlight the potential for a near-surface open pitable resource to be established at Warrentinna over the medium term.”

Greatland’s team will collect 1m re-samples of several zones of interest next month, the results from which are expected to be reported in March.

In other news, Metal Tiger PLC (LON:MTR) has given notice that it will convert 50mln warrants into Greatland shares for a total amount of £100,000 (0.2p per share).

These new shares are expected to be admitted to trading on or around 6 February.

Heddle added: “We sincerely appreciate the ongoing support of Metal Tiger.

“Greatland and Metal Tiger continue to work closely together as we review new projects and possible collaboration opportunities as part of our New Venture Collaboration announced in November.”

Shares were up a little over 3% to 0.32p.

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