Greatland Gold plc (LON:GGP) has received approval to test a nickel sulphide target at the Carnegie licence, which is part of the Ernest Giles project.
The Carnegie nickel sulphide target resembles both the geophysical signature and size of Independence Group's (formerly Sirius Resources') Nova nickel deposit, Greatland observed.
READ: Greatland Gold advances after better-than-expected Ernest Giles sampling results
Only one previous hole has been drilled at Carnegie targeting the geophysical magnetic anomaly but Greatland was encouraged by the outcome. It plans to drill a hole at Carnegie to a depth of 375 metres and will be included as part of the current drilling programme at Ernest Giles.
Greatland said the proposed drilling programme at Ernest Giles has now commenced and will focus on three high priority gold targets at the Meadows, Wishbone and Empress areas, and the aforementioned nickel sulphide target at the Carnegie licence.
The drilling programme at the Meadows area will consist of around twenty-four reverse circulation (RC) drill holes to test the 5km by 1.5km anomaly defined by deep sensing geochemistry (DSG) work that remains untested by previous drilling.
Great to be drilling at Ernest Giles - good time to add the nickel target at Carnegie into our plans (strong nickel price) https://t.co/bdGLOoR0ID
— Gervaise Heddle (@gervaiseheddle) June 22, 2018
In addition, up to six RC holes will be completed at the Wishbone and Empress areas to test basement geology and physical rock properties.
"We are very pleased to be on schedule with our drilling campaign at Ernest Giles. Given the strong rise of the nickel price, which has nearly doubled in the past 12 months, this is an opportune moment to test our nickel target at Carnegie, particularly due to the encouraging results from our historical drill hole,” said Gervaise Heddle, the chief executive officer of Greatland.