Greatland Gold plc (LON:GGP) has started drilling at the Ernest Giles gold project in Western Australia and expects the programme to take six weeks with assays to follow.
It is hoped the work - 6,000 metres of wide-spaced drilling - will provide targets for follow up exploration.
Executive director Callum Baxter said: "We hope that this ambitious, wide-spaced RC drilling programme will offer us further insight into a portion of a large greenstone belt that remains relatively unexplored and that this campaign will offer up some interesting targets for follow up exploration.
"We would remind investors that the larger greenstone belts in Western Australia host a significant proportion of the multiple million ounce gold deposits found to date in Western Australia.
"It is our intention is determine whether similar deposits may be hosted within this remote and largely unexplored greenstone belt."
Greatland has also applied for an additional three contiguous licences covering 775 sq km of taking the firm's total project area to over 1,000 sq km and covering more than 120km of strike of gold prospective rocks.
Shares in Greatland rocketed today over 24% to stand at 0.18p.