logo-loader
viewGreatland Gold PLC

Greatland set for new round of Australian gold exploration

Drilling and other field activities is all set to get underway at Greatland Gold's Firetower and Warrentinna projects in Australia

gold.jpg
Greatland says the current gold price environment makes it the right time to be aggressive

Greatland Gold (LON:GGP) is gearing up for a new round of exploration on two of its key Australian projects, Warrentinna and Firetower.

A new drilling programme is shortly to get underway at Warrentinna to test for extensions to known gold mineralisation along strike and at depth.

Six reverse circulation holes will undertake 600 metres of drilling to follow up on an earlier intercept which hit 26 metres at 2.32 grams per tonne gold and 5 metres at over 29 grams.

Meanwhile, basic field activities will be commenced at two relatively unexplored areas of the Firetower project.

Previous drilling at Firetower hit 29 metres at 2.39 grams per tonne gold and 17 metres at 5.37 grams.

'We are pleased to begin a more active phase of exploration at Greatland's Tasmanian gold projects,” said Greatland executive director Callum Baxter.

“The Warrentinna and Firetower gold projects both possess significant upside exploration potential and we believe that, given the current gold price environment, now is the right to take a more aggressive approach to exploration on these projects.”

Quick facts: Greatland Gold PLC

Price: 1.7 GBX

AIM:GGP
Market: AIM
Market Cap: £60.81 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Greatland Gold PLC named herein, including the promotion by the Company of Greatland Gold PLC in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Drilling at Greatland Gold's Havieron project 'continues to...

Greatland Gold PLC’s (LON:GGP) Gervaise Heddle and Callum Baxter caught up with Proactive London's Andrew Scott after announcing further results from drilling by Australian gold major Newcrest at its Havieron project. The latest highlight shows 107 metres grading 2.2 grams per tonne gold,...

1 week, 2 days ago

2 min read