Greatland Gold plc (LON:GGP) has applied for a new exploration licence to expand its landholding at the Ernest Giles gold project to more than 2,000 kilometres.
If the licence application is successful then the eastern blocks of the Ernest Giles project will encompass roughly 800 square kilometres (km), covering a north-south trending sequence of rocks, some 90 km long, representing an extension of the gold prospective Ernest Giles greenstone sequences.
READ Greatland Gold boosted by new findings at Ernest Giles East gold
"Recent MMI sampling carried out at Ernest Giles East, as announced earlier this month, highlighted the significant exploration potential of the Eastern blocks of the Ernest Giles project,” noted Gervaise heddle, chief executive officer of Greatland.
“If granted, the new licence area further strengthens Greatland's dominant position across the Ernest Giles greenstone belt. As demonstrated today, our first mover advantage in this new gold province, combined with our commitment to active grass-roots exploration, allows us to identify and quickly secure new opportunities," he added.