Two clusters of gold anomalies have been identified in the southern licence that are coincident with the base of Mt Roe basalt and adjacent conglomerates.
The first cluster has been identified in stream sediment samples and results include 38 parts per billion (ppb) gold; 41 ppb, 48 ppb and 76 ppb. The cluster is over a strike length of one kilometre (km) with a further 5km of strike remaining untested.
The second cluster of anomalous gold was in soil samples, also in the southern licence, and extends over some 200 metres and is located in conglomerates near the base of Mt Roe basalt.
Meanwhile, on the northern licence, rock chip sampling returned results up to 18.45 grams per tonne gold, confirming previously released historical data, indicating a potential high-grade zone of gold mineralisation roughly 3.2 kilometres long.
"The results of the exploration campaign are an affirmation of management's belief in the significant potential of the Panorama project. These results provide us with a good foundation to move ahead with a more extensive exploration programme in 2018," said Gervaise Heddle, the chief executive officer of Greatland.
The shares were up 1.1% at 1.82p in mid-morning.