viewGreatland Gold PLC

Greatland Gold on the ground at Ernest Giles ahead of drilling

Callum Baxter said the project has been subject to little historical exploration.

pic of gold bars on top of dollar notes
The firm is targeting large plus 5mln ounce deposits at Ernest Giles

Greatland Gold plc (LON:GGP) is now on site at its Ernest Giles gold project in Western Australia preparing drill locations and expects drilling to begin within four weeks.

The work programme has been approved, and as previously reported, includes 6,000 meters of wide-spaced RC (reverse circulation) drilling targeting gold, arsenic and antimony anomalies identified by soil sampling and previous drilling.

Executive director Callum Baxter told investors: "The Ernest Giles project covers a significant portion of a large greenstone belt that has been subject to little historical exploration.

"The large greenstone belts in Western Australia host multiple million ounce gold deposits and our intention is determine whether similar deposits may be hosted within this remote and largely unexplored greenstone belt.

The firm is targeting large plus 5mln ounce deposits and clusters of several camp-type plus 1mln ounce discoveries at the project, which spans a large 270 sq km area.

The region is home to several successful exploration discoveries such as Tropicana (AngloGold ASX:AGG), which contains over 7 million ounces, and Yamarna (Gold Road Resources, ASX:GOR), with over 6 million ounces.

Shares added 2.45% to 0.251p in early deals.

Quick facts: Greatland Gold PLC

Price: 14.1 GBX

Market: AIM
Market Cap: £533.04 m

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