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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

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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: 2.5 GBX

AIM:GGP
Market: AIM
Market Cap: £89.43 m
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