Proactiveinvestors United Kingdom Greatland Gold PLC Proactiveinvestors United Kingdom Greatland Gold PLC RSS feed en Wed, 20 Mar 2019 04:46:20 +0000 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[Media files - Greatland Gold to narrow its focus on big tier-one projects to ‘move the needle’ for investors ]]> Tue, 19 Mar 2019 13:26:00 +0000 <![CDATA[News - Greatland Gold outlines its strategy and exploration priorities for 2019 ]]> Greatland Gold PLC (LON:GGP) has outlined its plans for 2019, following the recent announcement of a US$65mln farm-in agreement with Newcrest to advance the Havieron project.

Greatland plans to leverage the exploration insights gained at Havieron to prioritise and accelerate exploration at key targets across its Paterson licences. 

WATCH: Greatland Gold in a 'tremendous position' as it signs US$65mln Havieron farm-in

Greatland has identified multiple targets within its licences with a similar geophysical signature to Havieron and is working on prioritising those targets for 2019.

The company is currently finalising plans for exploration programmes at Black Hills and Scallywag.

It will also keep its eye out for potential acquisitions and may divest less attractive projects.

There is plenty of money for all this work too. Investment for Havieron has been secured, while Greatland had approximately £4mln in cash as at 31 December 2018.

"We are thrilled with Greatland's progress over the last year which has taken the Company to a new level in its development,” said Gervaise Heddle, Greatland’s chief executive.

“The farm-in agreement with Newcrest represents a cornerstone for Greatland on which we plan to build a large and valuable business focused on potential tier-one gold-copper projects.”



Tue, 19 Mar 2019 08:42:00 +0000
<![CDATA[RNS press release - Strategic and Operational Update ]]> Tue, 19 Mar 2019 08:24:31 +0000 <![CDATA[Media files - Greatland Gold PLC the 'erstwhile minnow' now valued at more than £60mln ]]> Fri, 15 Mar 2019 11:07:00 +0000 <![CDATA[News - Greatland Gold’s US$65mln joint venture deal is just the latest in an ongoing rush into the gold-bearing riches of Paterson ]]> What do you get if you hit 275 metres grading 4.77 grams gold and 0.61% copper?

The answer is simple enough, as shown by Greatland Gold PLC (LON:GGP) this week: a US$65mln joint venture deal that could pay all expenses to feasibility, and which could lead to the development of a major producing mine.

WATCH: Greatland Gold in a 'tremendous position' as it signs US$65mln Havieron farm-in

The partner in question is Newcrest Mining LTD (ASX:NCM), Australia’s largest gold producer and, as a participant in the Lihir mine in Indonesia, a major player in the international scene.

It’s quite some leap for Greatland, shares of which are now touching five-year highs, to give it a market capitalisation of more than £50mln.

But even with the share price leap, the value of Newcrest’s potential spend still roughly commensurates with Greatland’s entire capitalisation.

In short, it’s a big deal for a small company, the type of which you don’t see every day.

WATCH: Greatland Gold PLC the 'erstwhile minnow' now valued at more than £60mln

At the heart of it is that 275-metre intercept and what it means.

First off, it’s deep, running from depths of around 459 metres below surface. That means an expensive underground operation is inevitable, and one that’s surely out of the price range of a junior miner like Greatland.

Nevertheless, the sheer quality of the intercept, its length and grade, meant that Greatland was unlikely to be short of suitors offer to provide assistance, and on attractive terms too. Indeed, such an outcome was already broadly priced into Greatland’s shares, which, although they leapt on the day of the Newcrest announcement, didn’t quite scale the former heights reached when the original news of the intercept came out.

But of course, there’s more than one drill hit to this story.

WATCH: Greatland Gold's Havieron has potential to be multi-commodity project of 'significant scale'

There’s a whole new gold district opening up in and around Greatland’s Havieron project in Western Australia. Previous drilling by Greatland had already hit, what in the context of the later hit might now be called “encouraging”, but which at the time looked attractive enough in their own right.

Drilling returned 121 metres of 2.93 grams per tonne in early 2018, and follow-up work in the summer delivered further hits of 21 metres at 3.78 grams per tonne and one metre at 5.9 grams per tonne.

So, it’s not just a one-off hit that Newcrest is buying into, it’s a solid work programme that could be about to yield up a major discovery.

And it’s certainly in the right area for that. Greatland’s land package at Havieron isn’t held in isolation. All around, other gold miners are busy exploring what looks to be an emerging new district at Paterson, in Western Australia. Forty-five kilometres to the west lies Newcrest’s own Telfer mine, and both Greatland and Newcrest have been quite explicit that if ore comes up out of the ground at Havieron it will be destined for processing at Telfer.

That’s a significant distance to truck ore, but such arrangements are not particularly uncommon in the industry, and the overall savings on the construction of a new plant at Havieron could run to hundreds of millions of dollars.

Newcrest, as the most powerful player in the region, is thus making a US$65mln claim to what could be the next big mine in Paterson, and it knows exactly what it wants to do with it.

In that sense, it is at least one step ahead of its rivals in Paterson, of whom there are many. A staking rush has gradually gathered steam over the past 24 months or so, and has led the likes of Rio Tinto PLC  (LON:RIO), Sipa Resources Limited (ASX:SRI), Fortescue, Antipa and Red Metal into the area.

Aside from Telfer, which is up and running, there are several advanced prospects in Paterson, particularly on ground held by Antipa, or in joint venture between Antipa and Rio, where the exploration spend is rumoured to run to extremely high levels.

But the addition of Havieron to the list shifts the centre of gravity at Paterson over to the south-east. The Greatland exploration blocks were previously thought to be on the edge of the prospective area, but no longer. Newcrest hasn’t only joint ventured the block containing Greatland’s 275-metre hit, it has also joint ventured 11 others held by Greatland, and obtained a right of first refusal over others.

This confirms Newcrest as a significant player in the ongoing development of the Paterson region, more than holding its own against larger rival Rio Tinto.

READ: Greatland Gold gains as Primorus Investments ups its holding in the gold explorer to around 1.1%

The likelihood now is that Newcrest drill rigs will mobilise rapidly at Havieron in an endeavour to replicate Greatland’s own drilling success. That, in turn, is likely to lead to some interesting newsflow that already has Greatland shareholders salivating.

"This farm-in has, in my opinion, the potential to open up the entire Havieron region to commercial mining in a time frame and cost that stand-alone operations could never compete  with," said Alastair Clayton, executive director of Primorus Investments PLC (LON:PRIM), which owns around 1.1% of Greatland’s shares.

Clayton has been involved in the capital markets and mining finance for many years now, and he knows a good thing when he sees it.

Newcrest’s chief development officer, Michael Nossal, would tend to agree.

“It is becoming more and more evident that the Paterson region is highly prospective for under-cover discoveries,” he said.



Wed, 13 Mar 2019 12:12:00 +0000
<![CDATA[RNS press release - Update on Investment in Greatland Gold PLC ]]> Tue, 12 Mar 2019 13:03:47 +0000 <![CDATA[Media files - Greatland Gold in a 'tremendous position' as it signs US$65mln Havieron farm-in ]]> Tue, 12 Mar 2019 11:28:00 +0000 <![CDATA[RNS press release - Second Price Monitoring Extn ]]> Tue, 12 Mar 2019 09:05:23 +0000 <![CDATA[RNS press release - Price Monitoring Extension ]]> Tue, 12 Mar 2019 09:00:20 +0000 <![CDATA[News - Greatland Gold signs US$65mln farm-in agreement with Newcrest ]]> Greatland Gold PLC (LON:GGP) has signed a farm-in agreement with Newcrest Mining LTD (ASX:NCM) for the further advancement of the Havieron project in the Paterson region of Western Australia.

Additionally, during the farm-in period, Newcrest will have the first right of refusal over the remainder of Greatland's Paterson project, including Black Hills, Paterson Range East and the remaining areas of Havieron licence.

Newcrest has the right to acquire up to a 70% interest in Havieron by spending up to US$65mln and completing a series of exploration and development milestones in a four-stage farm-in over six years.

After meeting the milestones, Newcrest has the option to acquire an additional 5% interest at fair market value taking Newcrest's interest in the Farm-in to 75%.

Newcrest will act as Manager during the Farm-in period and it is expected that drilling at Havieron will recommence in April 2019, under Newcrest's management and at Newcrest's expense.

The current intention of both parties is that, subject to a positive feasibility study outcome, the ore from the proposed Havieron Joint Venture will be toll processed at Newcrest's Telfer gold mine, approximately 45 kilometres to the west of Havieron.

"We are delighted to welcome Newcrest as our chosen partner for accelerating the exploration and development of Havieron,” said Greatland chief executive Gervaise Heddle. 

“We believe that this deal represents a win-win for both parties due to the potential for significantly reduced capital costs and increased efficiency resulting from ore being toll processed at Newcrest's nearby Telfer mine. Moreover, Newcrest's expertise should help fast track Havieron through to a completed Feasibility Study and, subject to positive outcomes, into production.”


Tue, 12 Mar 2019 08:07:00 +0000
<![CDATA[RNS press release - US$65m Farm-In Agreement with Newcrest at Havieron ]]> Tue, 12 Mar 2019 07:00:11 +0000 <![CDATA[News - Greatland Gold ends six months to December well positioned to follow-up on exploration success ]]> Greatland Gold PLC (LON:GGP) finished the six months to December 2018 with approximately £4mln in cash.

This money will be used to continue with exploration work across the company’s Australian assets, including follow-up work on Havieron, where Greatland drilled a world-class intercept of 275 metres grading 4.77grams gold and 0.61% copper.

WATCH: Greatland Gold's Havieron has potential to be multi-commodity project of 'significant scale'​

Work on the Black Hills, Ernest Giles and Firetower projects will also continue.

"It has been a very significant first half of the year for Greatland, characterised by strong progress across our key projects,” said chief executive Gervaise Heddle.

“Most notably, we recorded exceptional drilling results in the Paterson, making clear the potential for Havieron to become a large-scale underground mining operation. We have also added financial stability through a successful fundraising and the company is well capitalised to sustain our momentum in the second half of the year.

He added that Greatland might be on the look-out for more assets too, with the potential to become “large multi-million ounce deposits.”

Drilling at Havieron will recommence shortly.

Mon, 04 Mar 2019 10:30:00 +0000
<![CDATA[RNS press release - Interim Results ]]> Mon, 04 Mar 2019 09:27:12 +0000 <![CDATA[RNS press release - TR-1: Notification of major holdings ]]> Mon, 04 Mar 2019 07:00:08 +0000 <![CDATA[RNS press release - Total Voting Rights ]]> Thu, 28 Feb 2019 07:00:06 +0000 <![CDATA[RNS press release - Second Price Monitoring Extn ]]> Wed, 06 Feb 2019 16:40:31 +0000 <![CDATA[RNS press release - Price Monitoring Extension ]]> Wed, 06 Feb 2019 16:35:40 +0000 <![CDATA[RNS press release - Second Price Monitoring Extn ]]> Tue, 05 Feb 2019 11:05:40 +0000 <![CDATA[RNS press release - Price Monitoring Extension ]]> Tue, 05 Feb 2019 11:00:33 +0000 <![CDATA[Media files - Greatland Gold's Havieron has potential to be multi-commodity project of 'significant scale' ]]> Tue, 05 Feb 2019 10:41:00 +0000 <![CDATA[News - Greatland Gold unveils “further excellent results” from drilling campaign at Havieron ]]> Greatland Gold PLC (LON:GGP) has reported “further excellent results” from its Havieron licence in Western Australia after a recent drill campaign.

The metals exploration firm said it believed the laboratory assay results “significantly” extend the known mineralisation intersected by its first drilling campaign at the site, as well as establishing new peak grades for copper and cobalt at 12.38% copper from 8.45% previously and 0.4% cobalt at 4,104 parts per million.

WATCH: Greatland Gold's Havieron has potential to be multi-commodity project of 'significant scale'

Highlights from the drilling results included:

Drill hole HAD006:

367.1m at 1.15 grams per tonne (g/t) gold, 0.44% copper and 176ppm cobalt from 471m, including:

• 150.5m at 2.25g/t gold, 0.67% copper and 224ppm cobalt from 471.5m

Drill hole HAD008:

89m at 1.97g/t gold, 0.8% copper, 362ppm cobalt

Full drill results here

Greatland added that drill holes HAD006, HAD007 and HAD009 all ended in mineralisation.

Gervaise Heddle, chief executive, said every hole drilled in the campaign had intersected mineralisation, supporting the company’s view that “mineralisation continues at a depth well below the current limit of drilling, as suggested by the results of recent geophysical modelling”.

Heddle added that the firm expected to re-commence drilling at the project in March and two rigs were booked with provision for additional capacity if required during the year.

In early trading Tuesday, shares were down 14.6% at 2p.

Tue, 05 Feb 2019 09:29:00 +0000
<![CDATA[RNS press release - Results from Second Drill Campaign at Havieron ]]> Tue, 05 Feb 2019 08:42:26 +0000 <![CDATA[RNS press release - Total Voting Rights ]]> Thu, 31 Jan 2019 09:00:02 +0000 <![CDATA[RNS press release - Block Listing Application ]]> Mon, 14 Jan 2019 12:08:39 +0000 <![CDATA[News - Greatland Gold gains as Primorus Investments ups its holding in the gold explorer to around 1.1% ]]> Greatland Gold PLC (LON:GGP) (ASX:GGP) shares gained on Thursday lifted by news Primorus Investments PLC (LON:PRIM) has increased its holding in the Australia-focused gold explorer to around 1.1%.

In a statement, Primorus said it now owns a total of 35m shares in the AIM-listed metals exploration company, which were acquired at a weighted average price of 1.71p per share.

READ: Greatland finds “significant visible mineralisation” in every hole of latest drill campaign at Havieron

In afternoon trading on Thursday, Greatland Gold shares were 5.5% higher in London at 2.03p.

At the start of December, Greatland Gold revealed that drilling at its Havieron licence in Western Australia has yielded “significant visible mineralisation”.

It said that results for the first hole (HAD005) of the drill programme returned a combined 275 metre (m) intercept at 4.77 grams per tonne (g/t) gold and 0.61% copper.

That included an upper zone of 118m at 3.08g/t gold and 0.84% copper from 459m and a lower zone of 157m at 6.04g/t gold and 0.44% copper from 660m.

Alastair Clayton, Primorus’s executive director commented today: "We have added to our position in advance of the further assay results for the drill holes HAD006 through to HAD009. We hope these results will confirm Havieron Gold/Copper Project in the Paterson Province of Western Australia as one of the most significant Gold discoveries made by any company globally in recent memory."

Primorus shares were 5% higher at 0.10p.

Thu, 10 Jan 2019 14:14:00 +0000
<![CDATA[RNS press release - Price Monitoring Extension ]]> Thu, 10 Jan 2019 11:00:35 +0000 <![CDATA[RNS press release - Result of AGM ]]> Tue, 04 Dec 2018 09:57:50 +0000 <![CDATA[News - Greatland finds “significant visible mineralisation” in every hole of latest drill campaign at Havieron ]]> Every hole in the latest drill campaign at Greatland Gold PLC’s (LON:GGP) Havieron licence in Western Australia has yielded “significant visible mineralisation”.

Most gold is found in such small traces that assays have to be sent to a lab for the presence of any of the precious metal to be confirmed, so to see it in the cores is always a good sign.

Results for the first hole (HAD005) of the drill programme returned a combined 275 metre (m) intercept at 4.77 grams per tonne (g/t) gold and 0.61% copper.

IN-DEPTH: Greatland’s stunning gold-copper intercept at Havieron

That included an upper zone of 118m at 3.08g/t gold and 0.84% copper from 459m and a lower zone of 157m at 6.04g/t gold and 0.44% copper from 660m.

Lab results for the four other holes won’t be available for a few weeks yet, but Greatland said the observation of mineralisation is considered material “because it demonstrates the presence of a significant mineralised system at Havieron”.

Work at the project, which sits in an area well-staked by the likes of Rio Tinto PLC (LON:RIO) and Newcrest Mining Limited (ASX:NCM), is expected to continue until mid-December, by which point the team will stand down before re-starting work in the New Year.

Big Boys are in town

“We are very pleased to see significant visible mineralisation in all holes of the current drilling campaign,” said chief executive Gervaise Heddle.

“We believe that these observations, when combined with recently reported assay results and the results from new geophysical modelling, provide further evidence to support our view that Havieron has the potential to represent a very large mineralised system.”

Heddle added: “We are also encouraged to have seen the greatly increased level of activity in the Paterson by major industry participants which has served to highlight the value of Greatland's strategic position in the region.”

Shares were broadly flat at 1.77p in early deals on Tuesday.

Tue, 04 Dec 2018 08:25:00 +0000
<![CDATA[RNS press release - Havieron Project - Drilling Update ]]> Tue, 04 Dec 2018 07:00:12 +0000 <![CDATA[News - Greatland Gold “very excited” by latest model for Havieron project ]]> Greatland Gold PLC (LON:GGP) has highlighted positive new data from the Havieron project, in the Paterson region of Western Australia.

The explorer has highlighted the details of a new geophysical model, including 3D gravity and magnetic data, which indicate there is potential for mineralisation at Havieron to extend from approximately 400m below the surface to depths in excess of 1,200.

It has outlined a large irregular shaped body, and, it defines a single, discrete, high amplitude elliptical shaped body that is steeply dipping (subvertical) toward the south-east.

READ: Greatland’s stunning gold-copper intercept at Havieron

"We are very excited by the results of the latest geophysical modelling which suggest that Havieron has the potential to represent a significantly larger mineralised system than we previously expected,” said Gervaise Heddle, Greatland chief executive.

“Our excellent recent drilling results only tested to approximately 800 metres below the surface and elevated gold and copper persisted to the end of several holes, suggesting that mineralisation continues at the depth below the current limit of drilling.”

Heddle added: "Havieron is a conspicuous 'bulls-eye' magnetic anomaly, as seen in airborne data sets.

“There are more than twenty magnetic anomalies similar to that observed at Havieron within Greatland's Paterson licences and, in light of the exceptional mineralisation at Havieron, these represent compelling regional exploration targets."

Tue, 27 Nov 2018 10:01:00 +0000
<![CDATA[RNS press release - Havieron - Results of New Geophysical Models ]]> Tue, 27 Nov 2018 09:30:04 +0000 <![CDATA[Media files - Greatland Gold's Havieron in the headlines after 'stunning' gold-copper intercept ]]> Fri, 23 Nov 2018 12:43:00 +0000 <![CDATA[News - Greatland’s stunning gold-copper intercept at Havieron is the kind that deals are made on ]]> It was no surprise that shares in Greatland Gold PLC (LON:GGP) jumped on news of a 275-metre intercept at the Havieron project that returned grades of 4.77 grams per tonne gold and 0.61% copper.

The initial 70% uptick to 1.72p was perhaps inevitably followed by a bout of profit taking, and the shares then fell away slightly to 1.63p.

But there could be more excitement to come, much more, as interest builds in Australia and punters start to wonder what it all means.

Intercepts of that quality don’t come along every day, and it’s no coincidence that Greatland’s results have got the industry talking and have received mainstream media attention in Australia over the past few days.

Much of the Australian commentary on the Havieron results is also dwelling on ongoing rumours that Rio Tinto has unearthed a major new copper discovery in a similar area of the Pilbara to the northwest of Greatland, something which has been a hot topic of conversation in West Perth for weeks.

It’s an area that’s already been well staked by companies, including Greatland, Rio Tinto (LON:RIO), Antipa (ASX:AZY), Newcrest (ASX:NCM) and Sipa amongst others. Newcrest is already mining at the Telfer gold mine to the west, and Greatland has in the past described the prospectivity of Havieron in terms of finding Telfer-style projects.

Meanwhile, Rio has built an exploration camp on its ground 150 kilometres north-northwest of Telfer and has been staking up more ground. It’s also locked in a deal with Antipa to secure a 75% stake in the Citadel project.

Now one of Australia’s most famous mining entrepreneurs, Andrew Forrest, is getting in on the act. His company, Fortescue Metals, recently pegged a big ground position in the area.

Not surprisingly, local speculation is abuzz that a new mining district is opening up within the already prolific Pilbara.

Into this heady mix now steps Greatland with a world-class intercept that could well be the first of many. What’s special about the Greatland result isn’t just the grade and width. It’s also that the hole ended in mineralisation.

That conceivably means that the same hole, if twinned but drilled deeper, would return even more mineralisation a second time around.

Such a hole is unlikely at this stage of the game though, as Greatland is instead now bent on drilling more holes into Havieron to see just what sort of intercepts come back from the wider area.

With the intercept at Havieron already banked, Greatland already has skin in the wider chess game that’s now developing around the district. Naysayers will point to the depth as a negative factor, but with Newcrest and Rio Tinto circling, that’s unlikely to be the deciding factor.

For major companies like that, depths of 400 metres-plus aren’t necessarily off-putting at all. Rather 275 metres of highly mineralised ore represents a real advertisement in the shop window, and it wouldn’t be surprising if before too long one major or another appeared on the Greatland share register in quite a significant way, as well as tying up a deal at the project level too.

Thu, 22 Nov 2018 08:46:00 +0000
<![CDATA[RNS press release - Second Price Monitoring Extn ]]> Wed, 21 Nov 2018 09:05:54 +0000 <![CDATA[RNS press release - Price Monitoring Extension ]]> Wed, 21 Nov 2018 09:00:42 +0000 <![CDATA[RNS press release - Second Price Monitoring Extn ]]> Tue, 20 Nov 2018 14:05:19 +0000 <![CDATA[RNS press release - Price Monitoring Extension ]]> Tue, 20 Nov 2018 14:00:13 +0000 <![CDATA[Media files - Greatland Gold reveals 'world-class intersections' from Havieron drilling ]]> Mon, 19 Nov 2018 10:30:00 +0000 <![CDATA[RNS press release - Second Price Monitoring Extn ]]> Mon, 19 Nov 2018 09:06:07 +0000 <![CDATA[RNS press release - Price Monitoring Extension ]]> Mon, 19 Nov 2018 09:00:29 +0000 <![CDATA[News - Greatland Gold lauds exceptional assay results from first drill hole on Havieron licence at Paterson ]]> Greatland Gold PLC (LON:GGP) has lauded exceptional laboratory assay results from the company's first drill hole (HAD005) of the current campaign at its 100%-owned Havieron licence in the Paterson region of Western Australia.

The AIM-listed precious and base metals exploration and development company said the results significantly extend the known world-class mineralisation established in its first drilling campaign.

READ: Recent progress at Paterson project caps off “exciting” 2017 for Greatland Gold

The group said it also establishes new peak grades for the mineralised system, including peak gold of 211.30 grammes per tonne (g/t), previously 137.69g/t, and peak copper of 8.45%, previously 4.11%.

Gervaise Heddle, Greatland’s chief executive officer, commented:  "We are thrilled by these truly spectacular results which further demonstrate the exceptional potential of Havieron. These stunning results represent a world-class intersection as measured by total mineralisation in one drill hole in excess of 1,500-metre grams gold equivalent.”

He added: “Elevated gold and copper results persisted to end of hole suggesting the mineralisation continues at a depth below the current limit of drilling, which is supported by the results from forward modelling of detailed geophysical data. The remarkable peak gold and copper grades of 211.3gt/t and 8.45% respectively are significantly higher than in the previous drilling. Importantly, we have seen significant widths of copper well in excess of 0.5%.”

Heddle concluded: "The results from HAD005 are just the first in our current campaign at Havieron and we look forward to updating shareholders on our continued progress."

Mon, 19 Nov 2018 08:08:00 +0000
<![CDATA[RNS press release - Results from First Drill Hole at Havieron ]]> Mon, 19 Nov 2018 07:00:05 +0000 <![CDATA[RNS press release - Notice of AGM and Annual Report ]]> Tue, 06 Nov 2018 08:57:15 +0000 <![CDATA[News - Recent progress at Paterson project caps off “exciting” 2017 for Greatland Gold ]]> The past year has been an “exciting period” for Greatland Gold PLC (LON:GGP), the AIM-listed precious and base metals explorer.

Greatland has four projects in Western Australia – Paterson, Ernest Giles, Panorama and Bromus – as well as Firetower and Warrentinna in Tasmania.

WATCH: Greatland’s second drill programme at Havieron 'off to exciting start'

It has been busy at all of its assets and raised £4.44mln (2017: £1.37mln) during the year to help fund the work.

Perhaps the most significant progress over the past year has been made at Paterson, particularly the Havieron and Black Hills licences within that project.

Back in the spring, Greatland carried out its first drilling campaign at Havieron which returned “excellent results”, including a 121 metre-long intersect averaging 2.93 grams per tonne of gold and 0.23% copper.

A second programme kicked off last month and in the very first hole there was visible gold mineralisation, adding to the firm’s belief that Havieron has the potential to be a “very large mineralised system”.

Black Hills, gold nuggets

Over at the nearby Black Hills licence which was acquired this time last year, Greatland found “multiple” gold nuggets at the surface during its first exploration programme over summer.

Additional rock chip samples were collected and returned grades of up to 81.7 g/t gold, helping to boost the strike to 800 metres.

Greatland was dealt a minor setback at its Ernest Giles project when mining giant Newmont, which has the first refusal on the project, opted not to take things any further.

Since then, the company has been busy with more exploration and drilling programmes which extended two previously identified large gold zones in the Meadows area and detected gold, silver and copper mineralization at the Wishbone area.

WATCH: World Gold Council reviews Q3 gold trends

On a broader note, Greatland has told investors it remains “confident” in the long-term fundamentals of the mining industry, while it is also “optimistic” regarding the prices of gold, copper and other metals.

For the 12 months ended June 30 2018, the explorer posted a loss of £1.84mln (2017: £1.37mln).

Greatland shares were down 3% to 1.12p on Thursday afternoon.

--Updates for share price and video link--

Thu, 01 Nov 2018 10:02:00 +0000
<![CDATA[RNS press release - Replacement - Final Results ]]> Thu, 01 Nov 2018 09:00:31 +0000 <![CDATA[RNS press release - Final Results ]]> Thu, 01 Nov 2018 08:26:06 +0000 <![CDATA[News - Greatland Gold advances after identifying large buried target at Saddles Reef ]]> Greatland Gold PLC (LON:GGP), has identified a large, buried geophysical target at the Saddle Reefs prospect, on its Black Hills licence.

The body lies subparallel to the strike of gold mineralisation identified at the surface.

READ: Greatland Gold shines after lab tests find gold in rock chip samples at Black Hills

Greatland said high-quality induced polarisation (IP) data were collected and used to generate three-dimensional (3D) inversion models and that results have outlined a large, coherent conductive body over 1,000 metres (m) of the strike, spatially coincident with gold mineralisation identified at the surface.

The conductive body has dimensions of around 1,000m long, 200m wide and 150m thick, and is open to the south-east.

Depth to the top of the body ranges from 150m to 200m below the surface, a depth that is virtually untested by historic drilling in the Saddle Reefs area.

"We are very excited by the excellent results from the 3DIP survey at Black Hills, which has outlined a large, new and virtually untested gold target at the Saddle Reefs prospect. Saddle Reefs has the potential to host gold mineralisation from surface to significant depths, and these results reinforce our view that it represents a high priority exploration target for us,” said Gervaise Heddle, the chief executive officer of Greatland Gold.

The Black Hills licence is wholly-owned by Greatland is in the Paterson region of Western Australia – a region that has attracted the attention of major industry players.

“We look forward to a busy exploration season in the Paterson region next year, which will include Greatland's first drilling campaign at Black Hills," Heddle said.

Shares in Greatland were up 4.7% at 1.12p in mid-morning trading.

@GreatlandGold Gold PLC (AIM #GGP) Large New Geophysical Target at Saddle Reefs

Identified a large, buried geophysical target, located in the Company’s 100% owned Black Hills licence in the #Paterson region of #WesternAustralia. via @share_talk

— Share_Talk (@Share_Talk) October 29, 2018 ]]>
Mon, 29 Oct 2018 10:25:00 +0000
<![CDATA[RNS press release - Large New Geophysical Target at Saddle Reefs ]]> Mon, 29 Oct 2018 09:13:48 +0000 <![CDATA[Media files - Scallywag 'emerging as an interesting target' for Greatland Gold Plc ]]> Tue, 23 Oct 2018 11:49:00 +0100 <![CDATA[News - Greatland Gold reports positive results from sampling at Scallywag target ]]> Greatland Gold PLC (LON:GGP) said the first round of sampling results from its Scallywag target has reinforced the potential of copper, silver and gold mineralisation.

The Scallywag target is located within the company’s wholly-owned Havieron licence at the Paterson project in Western Australia.

WATCH: Scallywag 'emerging as an interesting target' for Greatland Gold

It was selected for the first phase of a new exploration programme at Paterson, which also includes the Paterson Range East and Black Hills licences, aimed at testing multiple regional targets.

Mobile metal ion (MMI) sampling results, completed in the third quarter, showed Scallywag consists of several magnetic anomalies over a large area of approximately 6km by 4km.

Highest results returned from MMI sampling included 2750 parts per billion (ppb) copper, 8ppb silver, 0.4ppb gold, 50ppb arsenic, 480ppb cerium and 280ppb lanthanum.

Earlier this month, Greatland revealed the first drilling campaign at the Havieron target, which is 6km east of Scallywag, also returned “excellent results” including 121m at 2.93 grams per tonne gold and 0.23% copper from 497m.

READ: Greatland intercepts significant mineralisation in latest drilling at Havieron

“Scallywag represents a high priority target for further exploration given the large size of the target, its relative proximity to Havieron, and its potential to host the prospective basement sequence under relatively shallow cover at probable depths of around 50m,” said chief executive Gervaise Heddle.

"The Paterson region remains relatively underexplored and our licences host multiple large magnetic anomalies, similar in scale and structural setting to the Havieron target. We intend to continue our systematic programme of regional exploration over the course of the next 12-18 months."

In afternoon trading, Greatland shares were 0.5% lower at 1.12p.

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Tue, 23 Oct 2018 10:56:00 +0100