Greatland Gold PLC (AIM:GGP, OTC:GRLGF) plans more exploration at the Juri joint venture in the Paterson region of Western Australia after what it said were encouraging assays from a second drill programme.
Paterson Range East and the Black Hills tenements make up Juri but the results also included holes drilled at the A9, Tama and Black Hills North (A27) targets.
Greatland noted Bismuth was widely present, adding this was an important gold-copper mineralisation pathfinder element at its Havieron discovery and also at Rio Tinto's Winu deposit.
In a statement, Shaun Day, Greatland's managing director, commented: "We are strongly encouraged by the results of our second drilling campaign at the Juri joint venture.
“The importance of bismuth as a pathfinder in the Paterson region is particularly significant with geochemistry at Black Hills similar to what we have seen at Havieron.
"The 2022 results further enhance our understanding of the geology of the Juri Joint Venture ground and confirm the merits of follow-up work."
Juri is a joint venture with Newcrest (51%), Greatland's partner in the Havieron development where it has a 70% stake.