Greatland Gold PLC - Panorama Project - Exploration Update
20 August 2019
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).
Greatland Gold plc
("Greatland" or "the Company")
Panorama Project - Exploration Update
Field reconnaissance locates additional gold nuggets, further extending the strike length of the mineralised trend to over 6 kilometres
· Further field reconnaissance has successfully located additional gold nuggets over an area of 900m by 200m approximately 1km further south-west from those previously announced on
· The additional gold nuggets collected further extend the strike length of the mineralised trend from 4.3km to 6.1km.
· Phase one geochemical sampling completed with soil sample assays awaited and a detailed, low level airborne magnetic survey covering the entire Panorama project area is also now complete with the data currently being processed.
· The geochemical and geophysical data sets will assist with the interpretation of structural and basement geology and provide better definition of existing targets.
A photo of the additional gold nuggets collected and a map indicating collection points can be found on the Panorama project page of Greatland's website at www.greatlandgold.com/panorama/
The Panorama project consists of three adjoining granted exploration licences located in the Pilbara region of northern
Geology of the area is predominantly greenstone and granite of the Archean Pilbara Craton in northern
The Company completed a detailed review of historic work at Panorama, which revealed many rock chip samples with an elevated gold response from within the project area. Rock chip samples were collected during the mid to late 1990s, mainly over the northern parts of the project area. The most significant samples identified to date lie along a north-south trending zone approximately 3.2km long with rock chip results including 66.0g/t, 14.5g/t, 4.1g/t, 2.1g/t and 1.1g/t gold. The geological setting is a prominent ridge marking the structural contact of basaltic and ultramafic rocks of Archean age.
Greatland carried out sporadic rock chip sampling along this zone during 2017 with results including 18.45g/t, 1.82g/t, 0.71g/t, and 0.61g/t gold over approximately 3.2km of strike, confirming the presence of gold mineralisation.
Ongoing work during July and
As previously announced, a detailed, low level airborne magnetic survey covering the entire Panorama project area was commissioned by the Company. The survey is now complete and comprised 8,092 line kilometres at a line spacing of 50m with a mean terrain clearance of 30m. The data is currently being processed and imaged and when integrated with the geochemical data sets, will assist Greatland with geological and structural interpretation of basement geology and provide better definition of existing targets.
Further information on the Panorama project can be found on the Company web site at www.greatlandgold.com/projects
In addition to this release, a PDF version of this report, with supplementary information can be found at the Company's website: www.greatlandgold.com/media/jorc
Information in this announcement that relates to exploration results is based on information compiled by Mr
Information in this announcement that relates to Panorama project exploration results has been extracted from the following announcements:
"Update on Exploration Campaign at
"Greatland Commences New Exploration Campaign at
"Extensions of Field Operations at
"Panorama Project Update", dated
Further information on the Panorama licence can be found under 'Panorama' on the Company's website: www greatlandgold.com
Greatland Gold PLC
Tel: +44 (0)20 3709 4900
Email: [email protected]
Tel: +44 (0)20 3368 3550
Tel: +44 (0)14 8341 3500
Tel: +44 (0)20 7260 1000
Tel: +44 (0)20 7618 9100
Notes for Editors:
The Company has six main projects; four situated in
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.
This information is provided by RNS, the news service of the
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