Greatland Gold PLC (AIM:GGP, OTC:GRLGF) said it has completed the drilling program co-funded by the Western Australia Government Exploration Incentive Scheme (EIS) at the Meadows gold target on its Ernest Giles project.
Two diamond core (DD) holes covered 1,267.7 metres (m) in total with anomalous mineralisation of 8m at 0.12 grammes per tonne (g/t) gold from 316m returned from one hole (EGD006), associated with alteration and anomalous pathfinder geochemistry.
A systematic reverse circulation (RC) drill program is planned for this year to test highly prospective targets at Meadow with an IP survey planned for later in the year.
Shaun Day, Greatland’s managing director, commented: "Completing the Land Access Agreement and EIS co-funded drilling at Ernest Giles is a significant milestone for the project, marking the first on-ground exploration in over five years.
"Ernest Giles is an exciting 100% owned project that sits outside our strong foothold in the Paterson region, in an underexplored Archean greenstone belt that hosts many Tier 1 deposits."
"These initial results are encouraging and confirm the prospectivity of the project. The results will inform further exploration work, including a more extensive drilling program this year."