Nickel and gold play Greatland Gold PLC (LON:GGP) said there was potential for massive sulphide mineralisation ay its Bromus project in Western Australia.
Downhole electromagnetics studies have shown several highly conductive targets which were not hit by recent drilling.
Greatland expects to launch a new drilling campaign at the project early next year, using existing drill pads to target two high priority targets.
Exploration can be a highly iterative process and we are very encouraged by the fact that a low cost package of drilling and DHEM modelling has demonstrated the potential for massive sulphide mineralisation at this exciting project.
Watch: Greatland Gold CEO Gervaise Heddle speaks to Proactive's Andrew Scott
Callum Baxter, Greatland executive director said: "Greatland remains committed to a campaign of active exploration at its key projects including Bromus, Ernest Giles (drilling programme currently underway), Firetower, Warrentinna and the recently acquired Havieron gold project.'
The firm has five main projects; three situated in Western Australia and two in Tasmania.
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