Greatland Gold PLC (AIM:GGP, OTC:GRLGF) has completed a maiden drilling campaign at the Paterson South project, meeting the minimum commitment of its farm-in deal with Rio Tinto more than a year early.
Diamond core (DD) and deep reverse circulation (RC) drilling was successfully completed at the Stingray and Decka targets at the Budjidowns tenement, which lie within 20km of Greatland's Havieron gold-copper project.
Peak gold assays were 0.26 parts per million (ppm) gold (Au) and 0.17ppm Au in one hole on Stingray.
Shaun Day, Greatland’s managing director, said he was pleased with the outcome, adding that the program had identified the presence of anomalous gold and copper as well as pathfinder elements.
"The rapid commencement of drilling following execution of the joint venture with Rio Tinto Exploration is testament to Greatland's commitment and ability to efficiently and safely explore the Paterson region, which we will continue across our expanded Paterson Province exploration portfolio."