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Greatland Gold PLC

Greatland Gold PLC - Initial Scallywag Results, New Targets Identified

RNS Number : 3209M
Greatland Gold PLC
20 January 2021
 

 

20 January 2021

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR)

Greatland Gold plc

("Greatland" or "the Company")

 

Initial Scallywag Drill Results and New Targets Identified

 

First three drill holes at Scallywag intersect prospective target lithologies and pathfinder element anomalism

 

Multiple new targets identified across Scallywag licence (including Teach, Swan, A34, A35 and A36) from analysis of Airborne EM survey data and regional aeromagnetics

 

Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, announces the results of the first three drill holes completed at its 100% owned Scallywag licence. In addition, the Company has identified multiple new targets at Scallywag following analysis of results of a Heliborne Electromagnetic ("EM") survey conducted last year and further geological interpretation of regional aeromagnetics.

 

Exploration work at Scallywag is focussed on the discovery of intrusion related gold-copper deposits such as Havieron, Telfer and Winu. Greatland completed seven drill holes at Scallywag in the second half of calendar 2020, testing targets at the Kraken, London and Blackbeard prospects. Assay results have been received for the first three holes (LOD001, KRD001 and BLD001) and are reported here today.

 

Highlights of Drill Results

 

·      The assay and logging results from the first three drill holes of the 2020 programme suggest the holes have intersected prospective target lithologies and pathfinder element anomalism associated with quartz-pyrite vein arrays.

·      Peak gold intersected was 1m @ 0.25g/t from 398m (LOD001) and peak copper intersected was 1m @ 1,105ppm from 461m (BLD001), with anomalous levels of other pathfinder elements including silver and bismuth also detected.

 

New Targets Identified

 

·      Analysis of results from Heliborne EM geophysical survey conducted last year has identified multiple new conductors within the Scallywag licence including:

·      Swan - a strong, deep AEM conductor located in an interpreted fold structure developed adjacent to, or truncated by, a crustal scale fault.

·      A34, A35 and A36 - discrete segments of strongly conductive material coincident with positive gravity response.

·      In addition, ongoing geological interpretation assisted by drill information and regional aeromagnetics has identified a new target within the Scallywag licence named "Teach", located 3km SSE of the Blackbeard prospect.

 

Next Steps

 

·      Follow up drilling is planned during the 2021 field season to test for further development of brecciated and mineralised lithologies, in particular along strike at the newly defined Teach target.

·      Drilling of the new EM targets identified is also planned for the 2021 field season, following the collection of ground EM data which is scheduled to commence in March 2021.

·      A more detailed evaluation of drill results will be undertaken on receipt of all analytical data from the 2020 field season and targets will be further assessed and ranked for drill testing.

 

Gervaise Heddle, Chief Executive Officer of Greatland Gold plc, commented: "Greatland's first drilling campaign at Scallywag has identified pathfinder element anomalism and provides us with valuable geological information which we expect to use in further assessing and ranking drill targets across the Scallywag licence. In addition, further analysis of geophysical data has built on our existing understanding to generate a number of new compelling targets. We look forward to progressing with further drill testing at Scallywag during 2021, particularly at the new Teach target and other high-priority targets identified by the EM survey conducted last year."

 

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/ 

 

 

Further Information on Initial Drilling Results from Scallywag

 

The Company completed a total of seven holes for 3,761m at Scallywag during the 2020 field season, testing targets at the Kraken, London and Blackbeard prospects. Exploration work at Scallywag is focussed on the discovery of intrusion related gold-copper deposits such as Havieron, Telfer and Winu.

 

The 2020 Scallywag drill programme was designed to test a series of Induced Polarisation ('IP'), magnetic altered or demagnetised geophysical targets located around the closure and limbs of the Scallywag Syncline, a tight fold structure located to the west of the Havieron discovery. The Syncline folds a package of Puntapunta Formation calc-silicates and overlying Wilki Formation siliciclastic metasediments, with a prominent magnetic anomaly marking the contact between the two units. The Puntapunta Formation sediments host the Havieron Au-Cu system on the east limb of the Scallywag Syncline, some 8.5km east south east of the fold nose or closure of the Syncline.

 

Three targets have been partially tested by seven drill holes, of which results for three drill holes are reported today: LOD001 on the London prospect, KRD001 on the Kraken prospect, and BLD001 on the Blackbeard prospect for 1,919m of drilling. Samples from a further four drill holes for 1,842m are currently with assay laboratories, which are experiencing high sample deliveries resulting in significant delays in return of results.

 

London

 

The London target comprises an IP anomaly located on the edge of an interpreted granite body (gravity low) displaying potential demagnetisation or apparent truncation in the magnetic Wilki Formation sedimentary unit intruding along the magnetic east limb of the Scallywag Syncline. The IP anomaly could represent skarn type mineralisation on or near the edge of the interpreted granite body. 

 

LOD001 was drilled to a total depth of 576.6m and intersected basement Wilki Formation quartz rich siliciclastic sediments below 291.3m of Permian cover. The drillhole intersected granite between 552.7m to 571.4m downhole with anomalous Ag-Cu-Pb-Zn assays reported from samples in the granite near the upper contact with the sediments, associated with a stockwork of thin quartz veins and disseminated pyrite. Peak values were 0.9ppm Ag, 565 ppm Cu, 571 ppm Pb and 1047ppm Zn, with some anomalous Bi and Mo reported, including an interval of 4m averaging 21ppm Mo from 561m. Peak gold intersected was 1m @ 0.25g/t from 398m hosted in quartzite with a narrow quartz- pyrite-hematite vein. Anomalous values are reported in Appendix I.

 

Sulphide concentrations in the hole are not considered sufficient to generate the IP response. The discrete granite sill intersected in the drilling is not considered to have caused the demagnetisation and/or displacement of the magnetic anomaly along the Wilki-Puntapunta contact, and there may be more sills or alteration along this contact that have not been tested by LOD001. A further drill hole is warranted to test for demagnetisation or displacement of the contact. 

 

Kraken

 

The Kraken target comprises a combined magnetic and IP anomaly located near the nose of the Scallywag Syncline.

 

Hole KRD001 was drilled to a total depth of 748.5m and intersected basement Puntapunta Formation calc-silicate sediments including marbles and interbedded siltstones beneath the base of Permian at 195.4m, staying in Puntapunta to end of hole.

 

Anomalous pathfinders are reported over several intervals, including copper, silver, bismuth, tellurium and lead, with anomalous gold to 76ppb over 0.5m locally. Maximum values (with coexisting elements) are reported in Table 1 (with all anomalous results listed in Appendix I). The higher Au and Ag values around 220 to 224.5m are associated with discrete narrow steep south west dipping quartz-pyrite veins with silica-hematite alteration haloes.  There is a distinct arsenic anomalous zone (>10ppm As, maximum 36.5 ppm As) hosted within calcite rich marble between 335-345m. In detail the As appears associated with disseminated sulphide hosted in thin siltstone beds between calcite rich marble bands.   

 

Table 1 - Anomalous Results from KRD001

 

Hole ID

From

To

Au ppb

Ag ppm

Cu ppm

Bi ppm

Pb ppm

KRD001

220.0

220.5

76

0.10

146

1.13

53

KRD001

224.0

224.5

36

3.3

119

21.1

568

KRD001

255.5

256.0

75

<0.01

188

7.39

15

KRD001

284.5

285.0

<1

1.14

135

8.95

961

KRD001

503.0

504.0

56

1.42

896

19.5

14

 

KRD001 intersected minor magnetic material and sulphide bearing material which may be sufficient to generate the IP response.

 

Blackbeard

 

The Blackbeard target comprises an IP anomaly located in the core of the Scallywag Syncline, around 1km southeast of the Kraken prospect. The Blackbeard IP anomaly could represent sulphide mineralisation at depth hosted in Wilki Formation siliciclastic sediments above the magnetic Wilki- Puntapunta Formation contact. 

 

BLD001 was drilled to total depth of 593.85m and intersected basement Wilki Formation siliciclastic sandstone and siltstone sediments below base of Permian at 275.95m downhole.

 

No significant sulphides were reported from the drilling however anomalous pathfinders were located, in particular Bi and locally some Ag. Peak copper result in BLD001 was 1m @ 1,105ppm from 461m. Anomalous results are listed in Appendix I.

 

BLD001 did not intersect significant sulphide bearing material considered sufficient to generate the IP response.

 

Other Drilling from 2020 Field Programme

 

Samples from a further four drill holes for 1,842m are currently with assay laboratories who are experiencing high sample deliveries resulting in delays to receipt of results.

 

The four drill holes are:

•             LOD002 drilled SE of LOD001 testing a deep IP target;

•             LOD003 drilled between Kraken and Blackbeard, testing an IP target;

•             KRD002 a partial scissor hole to KRD001 and testing the Kraken target; and

•             KRD003, testing a gravity anomaly on the edge of the Kraken target in the nose of the Scallywag Synform.  

 

Summary of Drilling Results and Conclusions

 

The assay results and geological information from the first three drill holes of the 2020 programme intersected prospective lithologies and pathfinder element anomalism (Ag, Cu, Bi), associated with quartz-pyrite vein arrays. Follow up drilling is recommended to test for further development of brecciated and mineralised lithologies, in particular along strike at the newly defined "Teach" target, described below.

 

A more detailed evaluation of drill results will be undertaken on receipt of all analytical data from the 2020 field season and targets will be further assessed and ranked against the multiple targets within the Company's 100% owned ground and Farm-in/JV areas. Drilling of the Company's many existing targets and newly generated targets identified in the recent airborne EM survey is planned to resume in the current field season.

 

New Magnetic Target - Teach

 

Ongoing geological interpretation assisted by drill information and regional aeromagnetics has identified a new target within the Scallywag licence named Teach. Teach is located 3km south-south east of the Blackbeard prospect, comprising a series of structures with associated magnetic anomalism piercing the east limb of the Scallywag Anticline. Teach may represent primary mineralisation along the Scallywag Synform providing possible distal mineralisation and pathfinder element response as seen in LOD001, KRD001 and BLD001.

 

New Airborne Electromagnetic Targets

 

During the 2020 field season Greatland acquired an Airborne Electromagnetic ('AEM') geophysical survey covering the Scallywag, Black Hills and the western part of the Paterson Range East exploration licenses.  The survey was designed to:

·    Assist in the detection of Havieron, Winu and Telfer style Au-Cu deposits beneath cover;

·    Detect basement conductor's related to accumulation of massive sulphides and/or associated alteration;

·    Map structure and stratigraphy, particularly in non-magnetic sedimentary packages, similar to the host rocks at Telfer and Havieron; and

·    Map basement topography and depth of cover.

 

Within the Scallywag licence the survey comprised 492 line kilometres of AEM collected by New Resolution Geophysics using their helicopter borne 25Hz 'Xcite' system. Line spacing was 200m. The survey has identified nine new conductors within Scallywag, seven of which may be the response of basement conductors with several described below:

 

·    Swan - a strong, deep AEM conductor located in an interpreted fold structure developed adjacent to, or truncated by, a crustal scale fault; and

·    A34, A35 and A36 - discrete segments of strongly conductive material coincident with positive gravity response.

 

Historic shallow drilling is present over the Swan, A34, A35 and A36 targets however these historic holes are considered ineffective due to cover depth.

 

Interpretation and ranking of bedrock AEM conductors is ongoing, including integration with other available geological, geochemical and geophysical datasets. Several targets warrant drill testing after ground EM follow-up work to confirm conductor location and tenor.

 

Additional drill hole information is presented in Appendices I, II, III and IV.

 

A regional map showing the Havieron licence area with regional targets and adjacent landholdings can be found at: www.greatlandgold.com/paterson

 

 

Competent Person:

 

Information in this announcement pertaining to Reporting of Exploration Results has been reviewed and approved by Mr John McIntyre, a Member of the Australian Institute of Geoscientists (MAIG), who has more than 30 years relevant industry experience. Mr McIntyre is a full-time consultant to the Company and has no financial interest in Greatland Gold plc or its related entities. Mr McIntyre has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and under the AIM Rules - Note for Mining and Oil & Gas Companies, which outline standards of disclosure for mineral projects. Mr McIntyre consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears. Mr McIntyre confirms that the Company is not aware of any new information or data that materially affects the information included in the relevant market announcements, and that the form and context in which the information has been presented has not been materially modified.

 

Additional information on the project can be found on the Company's website at www.greatlandgold.com/paterson/ 

 

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 

 

 

Enquiries:

 

Greatland Gold PLC

Gervaise Heddle/Callum Baxter

Tel: +44 (0)20 3709 4900

Email:  info@greatlandgold.com

www.greatlandgold.com

 

SPARK Advisory Partners Limited (Nominated Adviser)

Andrew Emmott/James Keeshan

Tel: +44 (0)20 3368 3550

 

Berenberg (Joint Corporate Broker and Financial Adviser)

Matthew Armitt/Jennifer Wyllie/Detlir Elezi

Tel: +44 (0)20 3207 7800

 

Hannam & Partners (Joint Corporate Broker and Financial Adviser)

Andrew Chubb/Matt Hasson/Jay Ashfield

Tel: +44 (0)20 7907 8500

 

SI Capital Limited (Joint Broker)

Nick Emerson/Alan Gunn

Tel:  +44 (0)14 8341 3500

 

Luther Pendragon (Media and Investor Relations)

Harry Chathli/Alexis Gore/Joe Quinlan

Tel: +44 (0)20 7618 9100

 

 

Notes for Editors:

 

Greatland Gold plc is a London Stock Exchange AIM-listed (AIM:GGP) natural resource exploration and development company with a current focus on precious and base metals. The Company has six main projects; four situated in Western Australia and two in Tasmania.

 

In March 2019, Greatland signed a Farm-in Agreement with Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM), to explore and develop Greatland's Havieron gold-copper deposit in the Paterson region of Western Australia. The Havieron Project is operated by Newcrest under a Joint Venture Agreement with Greatland Gold plc. Newcrest can earn up to a 70% joint venture interest through total expenditure of US$65 million and the completion of a series of exploration and development milestones in a four-stage farm-in over a six year period that commenced in March 2019. Newcrest may acquire an additional 5% interest at the end of the farm-in period at fair market value.

 

The Joint Venture Agreement includes tolling principles reflecting the intention of the parties that, subject to a successful exploration programme and feasibility study and a positive decision to mine, the resulting joint venture mineralised material will be processed at Telfer, located 45km west of Havieron.

 

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.

 

 

APPENDIX I

Scallywag Project (Greatland Gold plc 100%): Anomalous Drill Hole Results, Greatland Drilling (refer to Appendix II for selection criteria)

HOLE_ID

FROM

TO

SAMPLE_ID

Au_ppm

Ag_ppm

Bi_ppm

Cu_ppm

Pb_ppm

Zn_ppm

BLD001

295.5

296

SCD12209

X

X

1.64

13.7

26.6

98

BLD001

301.5

302

SCD12223

X

X

16.93

39.6

34.2

98

BLD001

324.5

325

SCD12271

0.009

X

6.94

77.4

24.2

105

BLD001

358

359

SCD12335

X

1.65

0.4

21.8

19.1

1066

BLD001

361

362

SCD12338

X

X

1.23

15.4

23.1

100

BLD001

415

416

SCD12396

X

X

11.49

1.2

19.1

86

BLD001

461

462

SCD12446

0.016

1.34

7.66

1104.9

36.8

111

BLD001

462

463

SCD12447

0.011

0.76

4.58

668.2

37.1

104

BLD001

517

518

SCD12506

0.019

X

3.83

589.1

18.3

111

BLD001

527

528

SCD12518

X

2.21

0.23

15.8

25.9

196

BLD001

557

558

SCD12550

X

0.05

11.16

248.8

15

78

KRD001

198

198.5

SCD10033

X

0.12

2.37

11.1

24.4

78

KRD001

211.5

212

SCD10062

X

0.36

1.68

38.9

346.7

451

KRD001

212.5

213

SCD10064

X

0.21

0.78

71.9

223.3

188

KRD001

224

224.5

SCD10089

0.036

3.31

21.14

119.3

568

207

KRD001

224.5

225

SCD10090

X

0.29

0.7

55.2

264.2

195

KRD001

255.5

256

SCD10158

0.075

X

7.39

188.3

14.7

131

KRD001

256

256.5

SCD10159

X

0.07

11.72

257

18.7

90

KRD001

260

260.5

SCD10169

X

0.66

4.16

86.4

269

276

KRD001

265

265.5

SCD10179

0.017

0.88

6.22

134

206.2

82

KRD001

284.5

285

SCD10222

X

1.14

8.95

134.9

961.3

253

KRD001

336

337

SCD10325

X

0.51

0.6

28

264.5

408

KRD001

349

350

SCD10338

0.005

0.38

6.77

61.8

145

135

KRD001

484

485

SCD10487

X

0.57

0.67

39.8

201.4

154

KRD001

489

490

SCD10492

0.005

0.42

2.3

91.5

283

128

KRD001

503

504

SCD10508

0.056

1.42

19.51

895.7

13.8

112

KRD001

513

514

SCD10518

X

2.13

0.33

1.8

14

93

KRD001

542

543

SCD10551

0.01

0.51

5.17

540.4

12.7

106

KRD001

607

608

SCD12602

X

1.2

0.3

22.4

435.4

48

KRD001

633

634

SCD12630

X

0.24

3.2

44.1

265

268

KRD001

634

635

SCD12631

0.007

0.11

0.41

27.9

281.9

88

KRD001

700

701

SCD12701

X

2.79

0.2

42.4

11

93

KRD001

703

704

SCD12704

0.005

0.34

5.81

130

85.5

135

KRD001

730

731

SCD12735

X

0.71

3.64

49.9

218

91

LOD001

317

317.5

SCD11497

X

X

5.41

144.1

6.9

58

LOD001

325.5

326

SCD11516

X

0.13

12.59

8.2

4.2

6

LOD001

361

362

SCD11579

0.103

X

0.08

9.1

5.2

32

LOD001

398

399

SCD11620

0.253

0.08

0.27

5.5

1.6

6

LOD001

555

556

SCD12838

X

0.9

1.29

564.7

570.7

1047

LOD001

561

562

SCD12846

X

X

0.09

40.4

31.6

26

LOD001

562

563

SCD12847

X

0.47

4.63

376.5

109.2

159

LOD001

563

564

SCD12848

X

0.12

0.2

101.5

349.9

600

LOD001

564

565

SCD12849

X

X

0.13

7.7

13.8

7

X - below detection

 

 

 

 

APPENDIX II

JORC Code, 2012 Edition - Table 1 report template

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria

JORC Code explanation

Commentary

Sampling techniques

·     Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation)

·     Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

·     Aspects of the determination of mineralisation that are Material to the Public Report.

·     In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

·     Greatland samples comprise half core material in generally 1m lengths (NQ core) or 0.5m lengths (in PQ core). All basement and the basal 20m of the Permian cover was sampled. Core was cut using an automated core-cutter.

·     Historical drilling- no sampling reported

Sampling techniques

·     Xcite Airborne EM Program

·   An Airborne Electromagnetic and Magnetic Survey was undertaken in 2020 by New Resolution Geophysics Australia Pty Ltd (NRG), using a Time Domain Airborne Electromagnetic (Excite TM ) time domain, helicopter borne electromagnetic system.

Transmitter -Receiver                     Concentric In-loop;

Acquisition System NRG RDAS II Dual Core ARM 1.5Ghz;

Transmitter details:

Diameter                       18.4m

Number of turns             4

Current                          235 amperes

Dipole Moment              250,000 NIA

Base Frequency            25Hz

Flight Height                  30m

Waveform                       Nominal square wave

On Time             Typically 5.4 mSec

Off time                    14.6 mSec

Receiver

Flight Height                   30m

Orientation                      X & Z

 

Receiver (Z - Component)

Diameter                          1m

Number of turns               100

Dipole Moment                 78.5m2

Number of Channels         44

 

Receiver (XZ - Component)

Diameter                           0.613m

Number of turns                200

Dipole Moment                  236m2

Number of Channels         24

 

Drilling techniques

·     Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).

·     RC precollars were followed by PQ then NQ diamond drill core to EOH.

·     The core is oriented using a Reflex mark III tool, nominally every core run (around 6m).

·     Historical drilling- see Appendix IV.

Drill sample recovery

·     Method of recording and assessing core and chip sample recoveries and results assessed.

·     Measures taken to maximise sample recovery and ensure representative nature of the samples.

·     Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

·     Recovery is measured on core and reconciled against driller's depth blocks in each core tray. Basement core recovery is typically around 100%;

·     No specific measures have been taken to maximise recovery, other than employing skilled drillers;

·     Half core cut along orientation lines assist in sample representivity;

·     No relationship between recovery and grade has been observed;

·     Historical drilling- no sampling reported

Logging

·     Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

·     Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.

·     The total length and percentage of the relevant intersections logged.

·   The logging is of sufficient quality to support a Mineral Resource estimate, and comprises a combination of quantitative and qualitative features. The entire hole is logged;

·   Geological logging recorded qualitative descriptions of lithology, alteration, mineralisation, veining, and structure including orientation of key geological features;

·   Geotechnical measurements were recorded including Rock Quality Designation (RQD) fracture frequency, solid core recovery and qualitative rock strength measurements;

·   Magnetic susceptibility measurements were recorded every metre using a KT20 machine;

·   The bulk density of selected drill core intervals was determined at site on whole core samples.

·   Digital data was recorded on site and stored in an SQL database.

·   All drill cores were photographed, prior to cutting and sampling the core.

·   Historical drilling- no sampling reported and logging not reviewed

Sub-sampling techniques and sample preparation

·     If core, whether cut or sawn and whether quarter, half or all core taken.

·     If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

·     For all sample types, the nature, quality and appropriateness of the sample preparation technique.

·     Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

·     Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.

·     Whether sample sizes are appropriate to the grain size of the material being sampled.

·     Drill core samples were freighted  by road to the laboratory. All core is cut with a core saw, and half core sampled;

·     The samples are assayed at Intertek (Perth, WA).  Samples were dried at 105oC, and the bulk of the samples pulverised (using LM5) to produce a pulped product. Oversize primary samples were crushed and a 3kg subsample then milled with the LM5 mill.

·     Sub sampling is reduced to minimum by using total sample pulverization prior to sub sampling wherever possible;

·     The sample sizes (2-3kg) are considered appropriate for the material being sampled;

·     Historical drilling- no sampling reported;

 

Quality of assay data and laboratory tests

·     The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

·     For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

·     Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.

·     The samples were assayed for Au by a 50gm fire assay and for a multielelement scan using 4 acid digest and MS and OES finish for pathfinder and lithogeochemical elements. The assays are considered total;

·     Greatland QA/QC procedures include using reference samples and field duplicate samples every 25 samples, in addition to the laboratories in- house QA/QC methods;

·     Analysis of the quality control sample assay results indicates that an acceptable level of accuracy and precision has been achieved and the database contains no analytical data that has been numerically manipulated.

·     Historical drilling- no sampling reported

Verification of sampling and assaying

·     The verification of significant intersections by either independent or alternative company personnel.

·     The use of twinned holes.

·     Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

·     Discuss any adjustment to assay data.

·     Assessment of reported significant assay intervals was verified by re-logging of diamond drill core intervals and assessment of high resolution core photography. The verification of significant intersections has been completed by company personnel and the Competent Person/Qualified Person.

·     No twinned holes have been completed;

·     All data entry procedures, including original logging, sample depth selection for sampling and recording of sample numbers are recorded digitally in an electronic database.

·     Historical drilling- no sampling reported

·     There are no adjustments to assay data

Location of data points

·     Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

·     Specification of the grid system used.

·     Quality and adequacy of topographic control.

·     Drill collar locations were surveyed using hand held GPS. RL's were collected with the same GPS;

·     Drill rig alignment was attained using a hand held compass.

·     Downhole survey was collected every 30m in diamond drill core segments of the drill hole using a single shot Axis Mining Champ Gyro.

·     The topography is generally low relief to flat, elevation within the dune corridors in ranges between 250-265m AHD steepening to the southeast;

·     All collar coordinates are provided in the Geocentric Datum of Australian (GDA20 Zone 51). All relative depth information is reported in Australian Height Datum (AHD);

·     Historical drilling- where recorded holes are located by GPS with +/-30m accuracy.

Data spacing and distribution

·     Data spacing for reporting of Exploration Results.

·     Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

·     Whether sample compositing has been applied.

·     Drill holes are individual exploration holes targeting specific targets, and are not part of a grid pattern;

·     Not applicable in early stage exploration;

·     No sample compositing has been applied;

·     Historical drilling has comprised generally vertical holes on a nominal 400m x 400m grid - no sampling reported

Orientation of data in relation to geological structure

·     Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

·     If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

·     Drilling is oriented at various angles to folded layering, and to identified sulphide mineralized structures. The relationship to possible mineralized structures is unknown at this stage.

·     Historical drilling- no sampling or structure reported

Sample security

·     The measures taken to ensure sample security.

·     The security of samples is controlled by tracking samples from drill rig to database;

·     Entire core samples are delivered by company personnel to a freight company in Port Hedland for delivery by road freight to the assay lab in Perth, where the core is cut and sampled. 

·     Historical drilling- not recorded

Audits or reviews

·     The results of any audits or reviews of sampling techniques and data.

·     No audits or reviews have been completed.

 

 

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria

JORC Code explanation

Commentary

Mineral tenement and land tenure status

·     Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

·     The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

·     The Scallywag tenement E45/4701 is 100% owned by Greatland Pty Ltd.

·     The tenement is subject to a Land Access Agreement (LAA)  with Western Desert Lands Aboriginal Corporation;

 

Exploration done by other parties

·     Acknowledgment and appraisal of exploration by other parties.

·     No previous on ground exploration has been completed in the vicinity of the reported Greatland drilling.

·     Historical work comprised shallow drilling in the north end of the Scallywag tenement (72 generally aircore holes, averaging 47.3m deep, 4 RAB holes (average 68m) and 9 RC holes (average 96.3m) by companies including Newcrest and Normandy Exploration Limited.

·     Historical reports (WAMEX "A" numbers) are referenced in Appendix IV 

Geology

·     Deposit type, geological setting and style of mineralisation.

·     Exploration is for intrusion related Au-Cu deposits similar to Telfer, Havieron and Winu, all located in Neo-Proterozoic Yeneena Group sediments of the Paterson Province, Western Australia

Drill hole Information

·     A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

easting and northing of the drill hole collar

elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar

dip and azimuth of the hole

down hole length and interception depth

hole length.

·     If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

·     Greatland drill hole collar details are listed in Appendix II and anomalous results in Appendix i.

·     Historical  drill hole collar details are listed in Appendix IV. No results are reported.

Data aggregation methods

·     In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.

·     Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

·     The assumptions used for any reporting of metal equivalent values should be clearly stated.

·     No significant results have been reported, and no data aggregation methods have been applied.

·     Where anomalous results are quoted (Appendix III) the samples have been selected as follows (note that the database comprises 1495 samples):

Au >0.1ppm (2 samples);

Ag >2ppm (4 samples);

Cu >500ppm (6 samples);

Bi >5ppm (16 samples;

Pb >200ppm (16 samples) and

Zn >1000ppm (2 samples)

·     Historical drilling- no sampling reported.

Relationship between mineralis-ation widths and intercept lengths

·     These relationships are particularly important in the reporting of Exploration Results.

·     If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

·     If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known').

·     No significant results are reported, and there is no known relationship between reported widths and the geometry of any mineralization.

Diagrams

·     Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

·     Maps are provided in Figure 1 and 2. No significant discovery is reported and no sections are provided.

Balanced reporting

·     Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

·     The reporting is considered balanced

Other substantive exploration data

·     Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

·     No other substantive exploration data other than that provided in the figures.

Further work

·     The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).

·     Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

·     Further drilling in the Scallywag Anticline- Syncline pair is planned for 20121, in addition to drilling of AEM targets including the Swan target, closer to Black Hills to the north west of the existing drilling.

 

 

 

APPENDIX III

Scallywag Project (Greatland Gold plc 100%): Drill Hole Collar Locations, Greatland Drilling 

 

Hole_ID

Max_Depth

Orig_Grid_ID

Orig_East

Orig_North

Orig_RL

Dip

Azimuth

BLD001

593.85

MGA94_51

456565

7600400

259

-90

0

KRD001

748.5

MGA94_51

456025

7601340

249

-70

107

KRD002

504.5

MGA94_51

456570

7601165

250

-70

282

KRD003

468.8

MGA94_51

456286

7601433

250

-55

12

LOD001

576.6

MGA94_51

457665

7600335

246

-70

46

LOD002

414.9

MGA94_51

457930

7600060

247

-65

250

LOD003

454.3

MGA94_51

456590

7600755

249

-70

56

 

 

APPENDIX IV

Scallywag Project (Greatland Gold plc 100%): Historical and GPL Drill Hole Collar Locations

Hole_ID

Hole Type

A-number

Year

Max Depth

Grid_ID

East_MGA

North_MGA

RL

Azimuth

Hole Dip

Survey_Method

ANK200

RAB

97054

2012

Newcrest Mining Ltd

56

MGA94_51

453812

7599209

242

 

 

Not recorded

ANK201

RAB

 

 

 

75

MGA94_51

457008

7597839

245

 

 

Not recorded

ANK209

RAB

97054

2012

            "

67

MGA94_51

450638

7603379

243

 

 

Not recorded

ANK210

AC

97054

2012

            "

61

MGA94_51

445077

7605341

241

 

 

Not recorded

ANK211

RAB

97054

2012

            "

75

MGA94_51

449738

7605474

245

 

 

Not recorded

ANK213

AC

 

 

 

75

MGA94_51

459387

7603561

255

 

 

Not recorded

ANK390

AC

97054

2012

            "

100

MGA94_51

453888

7599209

241

 

 

Not recorded

ANK391

AC

97054

2012

            "

56

MGA94_51

450338

7601259

243

 

 

Not recorded

ANK392

AC

97054

2012

            "

69

MGA94_51

448838

7603959

244

 

 

Not recorded

BHR17

RC

101401

2013

            "

114

MGA94_51

446718

7607748

247

 

 

Not recorded

BHR18

RC

101401

2013

            "

120

MGA94_51

446498

7607654

252

 

 

Not recorded

BHR19

RC

101401

2013

            "

119

MGA94_51

446245

7607576

250

 

 

Not recorded

BHR20

RC

101401

2013

            "

85

MGA94_51

446052

7607498

246

 

 

Not recorded

BHR21

RC

101401

2013

            "

106

MGA94_51

446052

7607498

246

 

 

Not recorded

BHR22

RC

101401

2013

            "

132

MGA94_51

445786

7607436

247

 

 

Not recorded

BHR23

RC

101401

2013

            "

48

MGA94_51

445786

7607436

247

 

 

Not recorded

BHR24

RC

101401

2013

            "

34

MGA94_51

445538

7607347

247

 

 

Not recorded

TEA08001

AC

84215

2003

            "

120

MGA94_51

455238

7601304

245

360

-90

GPS +/- 30m

TEA08002

AC

84215

2003

            "

115

MGA94_51

457049

7599947

243

360

-90

GPS +/- 30m

TEA08004

AC

84215

2003

            "

123

MGA94_51

456179

7600958

244

360

-90

GPS +/- 30m

YAC1606

AC

57453

1998

Normandy Exploration Ltd

1.1

MGA94_51

448119

7604348

243

360

-90

GPS +/- 30m

YAC1607

AC

57453

1998

              "

4

MGA94_51

447732

7604372

245

360

-90

GPS +/- 30m

YAC1608

AC

57453

1998

              "

3.1

MGA94_51

447511

7604428

244

360

-90

GPS +/- 30m

YAC1609

AC

57453

1998

              "

4

MGA94_51

447138

7604449

244

360

-90

GPS +/- 30m

YAC1610

AC

57453

1998

              "

5

MGA94_51

446448

7604349

252

360

-90

GPS +/- 30m

YAC1611

AC

57453

1998

              "

6.5

MGA94_51

446106

7604384

256

360

-90

GPS +/- 30m

YAC1612

AC

57453

1998

              "

3

MGA94_51

445661

7604449

251

360

-90

GPS +/- 30m

YAC1613

AC

57453

1998

              "

41

MGA94_51

444728

7604778

260

360

-90

GPS +/- 30m

YAC1614

AC

57453

1998

              "

15

MGA94_51

446519

7606022

247

360

-90

GPS +/- 30m

YAC1615

AC

57453

1998

              "

39

MGA94_51

443726

7606369

250

360

-90

GPS +/- 30m

YAC1616

AC

57453

1998

              "

42

MGA94_51

444875

7607587

250

360

-90

GPS +/- 30m

YAC1617

AC

57453

1998

              "

6

MGA94_51

446148

7607558

247

360

-90

GPS +/- 30m

YAC1618

AC

57453

1998

              "

30

MGA94_51

446344

7607550

251

360

-90

GPS +/- 30m

YAC1619

AC

57453

1998

              "

24

MGA94_51

446544

7607530

250

360

-90

GPS +/- 30m

YAC1620

AC

57453

1998

              "

42

MGA94_51

446746

7607495

248

360

-90

GPS +/- 30m

YAC1733

AC

57453

1998

              "

68

MGA94_51

443343

7604361

260

360

-90

GPS +/- 30m

YAC1734

AC

57453

1998

              "

83

MGA94_51

444070

7604333

260

360

-90

GPS +/- 30m

YRB1276

AC

60010

1999

              "

42

MGA94_51

447006

7607596

250

360

-90

GPS +/- 30m

YRB1277

AC

60010

1999

              "

53

MGA94_51

447345

7607553

251

360

-90

GPS +/- 30m

YRB1278

AC

60010

1999

              "

15

MGA94_51

447740

7607566

251

360

-90

GPS +/- 30m

YRB1279

AC

60010

1999

              "

29

MGA94_51

448140

7607560

246

360

-90

GPS +/- 30m

YRB1280

AC

60010

1999

              "

23

MGA94_51

448544

7607559

250

360

-90

GPS +/- 30m

YRB1281

AC

60010

1999

              "

31

MGA94_51

448916

7607540

254

360

-90

GPS +/- 30m

YRB1282

AC

60010

1999

              "

61

MGA94_51

449337

7607459

250

360

-90

GPS +/- 30m

YRB1283

AC

60010

1999

              "

50

MGA94_51

449341

7607163

246

360

-90

GPS +/- 30m

YRB1284

AC

60010

1999

              "

38

MGA94_51

448944

7607161

246

360

-90

GPS +/- 30m

YRB1285

AC

60010

1999

              "

23

MGA94_51

448538

7607164

246

360

-90

GPS +/- 30m

YRB1286

AC

60010

1999

              "

29

MGA94_51

448144

7607158

248

360

-90

GPS +/- 30m

YRB1287

AC

60010

1999

              "

37

MGA94_51

448938

7606763

249

360

-90

GPS +/- 30m

YRB1288

AC

59339

1998

              "

83

MGA94_51

449540

7606359

247

360

-90

GPS +/- 30m

YRB1289

AC

59339

1998

              "

35

MGA94_51

448737

7606360

248

360

-90

GPS +/- 30m

YRB1290

AC

59339

1998

              "

56

MGA94_51

448153

7606384

250

360

-90

GPS +/- 30m

YRB1291

AC

60010

1999

              "

29

MGA94_51

448131

7606707

250

360

-90

GPS +/- 30m

YRB1292

AC

60010

1999

              "

32

MGA94_51

447744

7606740

250

360

-90

GPS +/- 30m

YRB1293

AC

60010

1999

              "

41

MGA94_51

447332

7606760

247

360

-90

GPS +/- 30m

YRB1294

AC

60010

1999

              "

31

MGA94_51

446932

7606762

247

360

-90

GPS +/- 30m

YRB1295

AC

60010

1999

              "

62

MGA94_51

446532

7606763

247

360

-90

GPS +/- 30m

YRB1296

AC

60010

1999

              "

63

MGA94_51

446132

7606762

246

360

-90

GPS +/- 30m

YRB1297

AC

60010

1999

              "

38

MGA94_51

447718

7606339

247

360

-90

GPS +/- 30m

YRB1298

AC

60010

1999

              "

65

MGA94_51

447336

7606362

246

360

-90

GPS +/- 30m

YRB1299

AC

60010

1999

              "

56

MGA94_51

446934

7606358

248

360

-90

GPS +/- 30m

YRB1300

AC

60010

1999

              "

55

MGA94_51

446546

7606361

250

360

-90

GPS +/- 30m

YRB1301

AC

60010

1999

              "

80

MGA94_51

446138

7606360

251

360

-90

GPS +/- 30m

YRB1302

AC

60010

1999

              "

65

MGA94_51

445749

7606385

251

360

-90

GPS +/- 30m

YRB1303

AC

60010

1999

              "

59

MGA94_51

445732

7606705

247

360

-90

GPS +/- 30m

YRB1304

AC

60010

1999

              "

62

MGA94_51

445338

7606758

246

360

-90

GPS +/- 30m

YRB1305

AC

60010

1999

              "

80

MGA94_51

444539

7606763

248

360

-90

GPS +/- 30m

YRB1306

AC

60010

1999

              "

80

MGA94_51

444142

7607162

247

360

-90

GPS +/- 30m

YRB1307

AC

60010

1999

              "

44

MGA94_51

443340

7607164

245

360

-90

GPS +/- 30m

YRB1308

AC

60010

1999

              "

49

MGA94_51

444939

7607161

247

360

-90

GPS +/- 30m

YRB1309

AC

60010

1999

              "

44

MGA94_51

447731

7607157

249

360

-90

GPS +/- 30m

YRB1310

AC

60010

1999

              "

53

MGA94_51

447335

7607161

246

360

-90

GPS +/- 30m

YRB1311

AC

60010

1999

              "

80

MGA94_51

446935

7607167

245

360

-90

GPS +/- 30m

YRB1312

AC

60010

1999

              "

29

MGA94_51

446544

7607162

250

360

-90

GPS +/- 30m

YRB1313

AC

60010

1999

              "

25

MGA94_51

446537

7607539

250

360

-90

GPS +/- 30m

YRB1314

AC

60010

1999

              "

29

MGA94_51

446128

7607560

246

360

-90

GPS +/- 30m

YRB1315

AC

60010

1999

              "

31

MGA94_51

446141

7607165

248

360

-90

GPS +/- 30m

YRB1316

AC

60010

1999

              "

59

MGA94_51

445742

7607175

251

360

-90

GPS +/- 30m

YRB1317

AC

60010

1999

              "

62

MGA94_51

445743

7607560

245

360

-90

GPS +/- 30m

YRB1318

AC

60010

1999

              "

32

MGA94_51

445335

7607560

246

360

-90

GPS +/- 30m

YRB1319

AC

60010

1999

              "

50

MGA94_51

445340

7607211

251

360

-90

GPS +/- 30m

YRB1320

AC

60010

1999

              "

89

MGA94_51

444931

7607565

250

360

-90

GPS +/- 30m

YRB1321

AC

60010

1999

              "

59

MGA94_51

444543

7607579

243

360

-90

GPS +/- 30m

YRB1322

AC

60010

1999

              "

32

MGA94_51

443737

7607560

250

360

-90

GPS +/- 30m

 

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