Greatland Gold PLC (LON:GGP) is wasting no time moving forward with its Ernest Giles gold project in Western Australia.
Having found two potential gold zones at the site from its last drilling programme, it is now preparing to explore the Empress gold target in the north-eastern portion of the licence.
Previous surface sampling at Empress identified a 3km x 1km gold in soil anomaly with a peak value of 338ppb gold (0.338 g/t).
Greatland wants permission for a wide-spaced shallow campaign, including an estimated 5,000 metres of drilling (approximately 20 drill locations).
Gervaise Heddle, chief executive, said: “This new campaign will target a large unexplained gold in soil anomaly at the Empress target which is located in the north-east of the Ernest Giles project area (approximately 50 kilometres north-east of Meadows).
“The MMI gold in soil anomaly at Empress is higher grade and potentially more extensive than that encountered at the Meadows target (peak values of 338ppb Au at Empress and 68ppb Au at Meadows), and we hope that this campaign will help us to explain the unusually high gold in soil anomaly in this part of the Ernest Giles greenstone belt."
“At this stage, we expect relevant Government approvals to be received by the end of February and pre-drilling field operations to commence in early March,” Heddle added.
Greatland believes Ernest Giles project has the potential to host several major gold camps.
Shares in the junior have roared away over the past year on hopes that the licence may hold a gold deposit similar to the recent nearby discoveries at Tropicana,7mln ounces, and Yamarna with over 6mln.