Greatland Gold PLC (LON:GGP) has identified two large zones of gold mineralisation from shallow drilling at the Ernest Giles project in Western Australia.
The Western Zone is 6km in length and 1.5km in width while the Eastern zone is 2km by 1.5km.
Several of the zones were up to 60 metres thick and reasonably shallow with one 119m below the surface.
Callum Baxter, executive director, said Ernest Giles covers over 1,000 square kilometres of a large greenstone belt that remains virtually unexplored.
“These preliminary results, based on 4 metre compositie samples, confirm our view that this large greenstone belt is highly prospective for gold and may contain similar multiple million ounce gold deposits as have been discovered in other large greenstone belts in Western Australia.”
He said the extent of the mineralisation identified (up to 6 kilometres in length), the wide zones of mineralisation (gold anomalous zones over tens of metres), and the relative proximity to surface of the mineralisation were especially noteworthy.
One-metre re-sampling work is now underway and further work at the project will get underway once this is completed.