Greatland Gold PLC (LON:GGP) shares gained on Wednesday as it updated investors on its operations at the Ernest Giles project in central Western Australia.
The AIM-listed firm revealed results from a recent Mobile Metal Ion (MMI) sampling programme, including 980 samples from the Meadows, Empress and Wishbone areas which have confirmed existing gold targets and generated new targets in each of the respective area.
WATCH: Greatland Gold sees huge potential in all its assets
"Results of our recent MMI campaign were better than expected as we identified new targets and confirmed existing known targets across all areas,” said Gervaise Heddle, Greatland Gold chief executive in a statement.
“The next stage is to commence a drilling programme at Ernest Giles, which includes plans for up to thirty drill holes and is scheduled to start before the end of this quarter."
Greatland now intends to conduct a reverse circulation drilling programme at all three areas.
At Meadows, it will drill 24 holes on an anomaly that has yet to be tested, meanwhile, six holes will be completed at Wishbone and Empress.
In afternoon trading, Greatland Gold shares were 5.4% higher at 0.59p.
-- Adds share price --