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Gold & silver

Greatland Gold initiates a new phase of exploration at Ernest Giles

New phases of exploration work should help identify targets for drilling at Ernest Giles

Greatland Gold PLC (LON:GGP) has begun a surface geochemistry survey at the Ernest Giles East gold project in Australia.

In addition, a ground gravity survey across Ernest Giles East is expected to commence within the next few weeks. Results of the exploration programme are likely to be disclosed in September 2017.

The work seeks to demonstrate the broader potential for gold mineralisation based around a 3.2 kilometre by 400 metre spaced geochemical survey and a 1.6 kilometre by 200 metre spaced gravity survey.

READ: Greatland Gold set to wrap up acquisition of Havieron gold project next month

Results from these surveys will be used to establish gold exploration targets for follow up work and drilling.

The Ernest Giles East area covers approximately 600 square kilometres, including a large 80km long north-south trending sequence of rocks which represent an extension of the gold-prospective Ernest Giles greenstone sequences.

This exploration programme follows on from the identification of two large zones of gold mineralisation at the Meadows target in the south-west corner of the project.

WATCH: Greatland out 'looking for a taste of Gold' at Ernest Giles East

"This survey is a natural progression following successful demonstration last year of the presence of large zones of gold mineralisation on the Western side of the Ernest Giles project,” said chief executive Gervaise Heddle.

“We hope that this new exploration programme will highlight the prospectivity of the new Eastern licences, licence areas where virtually no modern exploration has taken place, and confirm our belief in the potential of this exciting new gold district to host several multi-million ounce deposits."

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